Common use of Deposit and Clearance Clause in Contracts

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 4 contracts

Samples: Assignment Agreement (Veriteq), Assignment Agreement (Codesmart Holdings, Inc.), Assignment Agreement (China Logistics Group Inc)

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Deposit and Clearance. If the Assignee assignee is unable to deposit and clear the shares of the Company 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 assignor or (b) demand the return of any payments advanced by the Assignee to the Assignor.

Appears in 1 contract

Samples: Convertible Note Assignment (Eco Science Solutions, Inc.)

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