Delivery of Securities Upon Conversion. (a) As soon as is practicable after the Maturity Date or Conversion Date, as applicable, the Company shall deliver to the Holder a certificate or certificates evidencing the Conversion Shares issuable to the Holder. (b) The issuance of certificates for Conversion Shares upon conversion of this Note shall be made without charge to the Holder for any issuance tax in respect thereof or other cost incurred by the Company in connection with such conversion and the related issuance of securities. Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Conversion Shares so issued upon such conversion shall be validly issued, fully paid and nonassessable.
Appears in 4 contracts
Samples: Convertible Promissory Note (Bionik Laboratories Corp.), Secured Convertible Promissory Note (Bionik Laboratories Corp.), Secured Convertible Promissory Note (Bionik Laboratories Corp.)
Delivery of Securities Upon Conversion. (a) As soon as is practicable after the Maturity Date or Conversion Date, as applicablean event pursuant to Section 3.1(b)(ii), the Company shall deliver to the Holder a certificate or certificates evidencing the Conversion Shares issuable to the Holder.
(b) The issuance of certificates for Conversion Shares upon conversion of this Note shall be made without charge to the Holder for any issuance tax in respect thereof or other cost incurred by the Company in connection with such conversion and the related issuance of securities. Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Conversion Shares so issued upon such conversion shall be validly issued, fully paid and nonassessable.
Appears in 2 contracts
Samples: Secured Convertible Promissory Note (Bionik Laboratories Corp.), Secured Convertible Promissory Note (Bionik Laboratories Corp.)
Delivery of Securities Upon Conversion. (a) As soon as is practicable after the Maturity Date or Conversion Date, as applicable, the Company shall deliver to the Holder a certificate or certificates evidencing the Conversion Shares issuable to the Holder.
(b) The issuance of certificates for Conversion Shares upon conversion of this Note shall be made without charge to the Holder for any issuance tax in respect thereof or other cost incurred by the Company in connection with such conversion and the related issuance of securities. Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Conversion Shares so issued upon such conversion shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Convertible Promissory Note (Brain Scientific Inc.)
Delivery of Securities Upon Conversion. (a) As soon as is practicable after the Maturity Date or a Conversion Date, as applicable, the Company shall deliver to the Holder a certificate or certificates evidencing the Conversion Shares issuable to the Holder.
(b) The issuance of certificates for Conversion Shares upon conversion of this Note shall be made without charge to the Holder for any issuance tax in respect thereof or other cost incurred by the Company in connection with such conversion and the related issuance of securities. Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Conversion Shares so issued upon such conversion shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Convertible Promissory Note (Bionik Laboratories Corp.)
