Failure to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not credited to the account of Hxxxxx’s broker with The Depository Trust Company through its DWAC system or another established clearing corporation performing similar functions, if Company is then a participant in any such system, or delivered to or as directed by Holder by the Share Delivery Date, Holder shall be entitled to elect by written notice to Company at any time on or before such crediting or its receipt of such certificate or certificates, to rescind such Conversion, in which event Company shall promptly return to Holder any original Debenture delivered to Company and Holder shall promptly return to Company the Common Stock certificates (or any shares of Common Stock received electronically) issued to Holder pursuant to the rescinded Conversion Notice.
Appears in 3 contracts
Samples: Debenture Agreement (Discovery Energy Corp.), Convertible Security Agreement (Discovery Energy Corp.), Convertible Security Agreement (Discovery Energy Corp.)
Failure to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not credited to the account of HxxxxxHolder’s broker with The Depository Trust Company through its DWAC system or another established clearing corporation performing similar functions, if Company is then a participant in any such system, or delivered to or as directed by Holder by the Share Delivery Date, Holder shall be entitled to elect by written notice to Company at any time on or before such crediting or its receipt of such certificate or certificates, to rescind such Conversion, in which event Company shall promptly return to Holder any original Debenture delivered to Company and Holder shall promptly return to Company the Common Stock certificates (or any shares of Common Stock received electronically) issued to Holder pursuant to the rescinded Conversion Notice.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Discovery Energy Corp.), Securities Purchase Agreement (Discovery Energy Corp.)
Failure to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not credited to the account of Hxxxxxthe Holder’s broker with The Depository Trust Company through its DWAC system or another established clearing corporation performing similar functions, if Company is then a participant in any such system, or delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before such crediting or its receipt of such certificate or certificates, to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock Shares certificates (or any shares of Common Stock Shares received electronically) issued to such Holder pursuant to the rescinded Conversion Notice.
Appears in 2 contracts
Samples: Convertible Security Agreement (Tanzanian Royalty Exploration Corp), Securities Purchase Agreement (Tanzanian Royalty Exploration Corp)
Failure to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates and the related legal opinion of Company counsel, the instruction letter to the Transfer Agent and, if necessary, the resolution of the Board of Directors authorizing the Transaction Documents are not credited to the account of Hxxxxx’s broker with The Depository Trust Company through its DWAC system or another established clearing corporation performing similar functions, if Company is then a participant in any such system, or delivered to or as directed by the applicable Holder or the Transfer Agent (as applicable) by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before such crediting or its receipt of such certificate or certificates, certificates to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates (or any shares of Common Stock received electronically) issued to such Holder pursuant to the rescinded Conversion Notice.
Appears in 1 contract
Samples: Convertible Security Agreement (Content Checked Holdings, Inc.)
Failure to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not credited to the account of Hxxxxxthe Holder’s broker with The Depository Trust Company through its DWAC system or another established clearing corporation performing similar functions, if the Company is then a participant in any such system, or delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before such crediting or its receipt of such certificate or certificates, to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates (or any shares of Common Stock received electronically) issued to such Holder pursuant to the rescinded Conversion Notice.
Appears in 1 contract