Common use of Failure to Deliver Certificate Clause in Contracts

Failure to Deliver Certificate. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the Holder by the tenth (10th) Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of this Debenture tendered for conversion.

Appears in 5 contracts

Samples: Convertible Security Agreement (MamaMancini's Holdings, Inc.), Convertible Security Agreement (Sports Field Holdings, Inc.), Convertible Security Agreement (Wizard World, Inc.)

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Failure to Deliver Certificate. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the tenth (10th) Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of this Debenture tendered for conversion.

Appears in 3 contracts

Samples: Convertible Security Agreement (Intelligent Highway Solutions, Inc.), Convertible Security Agreement (Sombrio Capital Corp), Convertible Security Agreement (NXT Nutritionals Holdings, Inc.)

Failure to Deliver Certificate. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the Holder by the tenth (10th) Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount Loan of this Debenture Note tendered for conversion.

Appears in 2 contracts

Samples: Convertible Security Agreement (Wild Craze, Inc.), Convertible Security Agreement (Wild Craze, Inc.)

Failure to Deliver Certificate. If in the case of any Voluntary Notice of Conversion such certificate or certificates are not delivered to or as directed by the Holder by the tenth (10th) Business Day after a Voluntary Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of this Debenture Note tendered for conversion.

Appears in 1 contract

Samples: Convertible Security Agreement (Kannalife Inc)

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Failure to Deliver Certificate. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the tenth (10th) Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of this Debenture Note tendered for conversion.

Appears in 1 contract

Samples: Convertible Security Agreement (Vizconnect, Inc.)

Failure to Deliver Certificate. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the Holder by the tenth (10th) Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount Loan of this Debenture tendered for conversion.

Appears in 1 contract

Samples: Convertible Security Agreement (Hardwired Interactive, Inc.)

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