Deposit and Clearance. If the assignee is unable to deposit and clear the shares of the company for any reason, the assignee may return any shares for cancellation to the transfer agent and (a) cancel the transaction and not make payments to the assignor or (b) demand the return of any payments advanced by the assignee to the assignor.
Appears in 5 contracts
Samples: Assignment of Debt Agreement (Simlatus Corp), Assignment of Debt Agreement (Simlatus Corp), Assignment of Debt Agreement (Las Vegas Railway Express, Inc.)
