Common use of Failure to Deliver Certificates Clause in Contracts

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 79 contracts

Samples: Debt Purchase Agreement (Titan Iron Ore Corp.), Debt Purchase Agreement (Titan Iron Ore Corp.), Security Agreement (Capital Growth Systems Inc /Fl/)

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Failure to Deliver Certificates. 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 third Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Companyconversion.

Appears in 41 contracts

Samples: Escrow Agreement (Synthetic Blood International Inc), Security Agreement (China Expert Technology Inc), Advanced Cell Technology, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 36 contracts

Samples: Registration Rights Agreement (Accentia Biopharmaceuticals Inc), Consent and Waiver (Cyberdefender Corp), Securities Purchase Agreement (CenterStaging Corp.)

Failure to Deliver Certificates. 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 third Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Debentures tendered for conversion to the Companyconversion.

Appears in 24 contracts

Samples: Securities Purchase Agreement (Hartville Group Inc), Securities Purchase Agreement (Hartville Group Inc), Securities Purchase Agreement (Hartville Group Inc)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate certificate(s) or certificates shares are not delivered to or as directed by the applicable Holder by the third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 18 contracts

Samples: Fourth Extension and Amendment Agreement (Envision Solar International, Inc.), Fuel Performance Solutions, Inc., Securities Purchase Agreement (San West, Inc)

Failure to Deliver Certificates. 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 third Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Notes tendered for conversion to the Companyconversion.

Appears in 12 contracts

Samples: Advanced Environmental Petroleum Producers Inc., U.S. Aerospace, Inc., U.S. Aerospace, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount Principal Amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 9 contracts

Samples: Second Note Amendment Agreement (Magnolia Solar Corp), Second Note Amendment Agreement (Magnolia Solar Corp), Second Note Amendment Agreement (Magnolia Solar Corp)

Failure to Deliver Certificates. 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 third Trading Business Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Debentures tendered for conversion to the Companyconversion.

Appears in 8 contracts

Samples: Cybra Corp, Cybra Corp, Aprecia Inc

Failure to Deliver Certificates. 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 third second Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 7 contracts

Samples: White River Energy Corp., White River Energy Corp., White River Energy Corp.

Failure to Deliver Certificates. 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 third fourth Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 6 contracts

Samples: Protea Biosciences Group, Inc., Protea Biosciences Group, Inc., Protea Biosciences Group, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time after such third Trading Day, but on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 5 contracts

Samples: Pacificnet Inc, Pacificnet Inc, Pacificnet Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount Principal Amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 5 contracts

Samples: Security Agreement (Blink Logic Inc.), Blink Logic Inc., Blink Logic Inc.

Failure to Deliver Certificates. 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 third Trading Business Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 4 contracts

Samples: Innovative Card Technologies Inc, Global Roaming Distribution, Inc., Genspera Inc

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate certificate(s) or certificates shares are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 3 contracts

Samples: ARJ Consulting, LLC, Verus International, Inc., Verus International, Inc.

Failure to Deliver Certificates. 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 third fourth Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 3 contracts

Samples: Medovex Corp., Protea Biosciences Group, Inc., Aspen Group, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 certificates, if any, representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 3 contracts

Samples: 180 Connect Inc., 180 Connect Inc., 180 Connect Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversionconversion, in which event the Company shall promptly return to the Holder any original Debenture Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Note tendered for conversion to the Company, if any such certificates have been delivered to the Holder.

Appears in 3 contracts

Samples: Intercreditor Agreement (GEE Group Inc.), GEE Group Inc., China Water & Drinks Inc..

Failure to Deliver Certificates. 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 third Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Note tendered for conversion to the Companyconversion.

Appears in 3 contracts

Samples: Omnireliant Holdings, Inc., Synthetic Blood International Inc, Linux Gold Corp

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Note tendered for conversion to the Company.

Appears in 2 contracts

Samples: Ebix Inc, Ebix Inc

Failure to Deliver Certificates. 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 third 2nd Trading Day after immediately following the Conversion Shares Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 2 contracts

Samples: Solomon Technologies Inc, Solomon Technologies Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount Principal Amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 2 contracts

Samples: Telanetix,Inc, Telanetix,Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversionconversion, in which event the Company shall promptly return to the Holder any original Debenture Note delivered to the Company and the Holder shall promptly return to the Company the Common Series C Preferred Stock certificates representing the principal amount of this Debenture unsuccessfully Note tendered for conversion to the Company, if any such certificates have been delivered to the Holder.

Appears in 2 contracts

Samples: Settlement Agreement (GEE Group Inc.), GEE Group Inc.

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate certificate(s) or certificates shares are not delivered to or as directed by the applicable Holder by the third second (2nd) Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 2 contracts

Samples: Saleen Automotive, Inc., W270, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company. If the Holder rescinds such conversion, the Company shall not be liable for liquidated damages set out in Section 4(d)(iv).

Appears in 1 contract

Samples: Gigabeam Corp

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Notice of 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 any certificates representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Companyunder such rescinded Notice of Conversion.

Appears in 1 contract

Samples: Technoconcepts, Inc.

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Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Preferred Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Sionix Corp

Failure to Deliver Certificates. If If, in the case of any Notice of Conversion Conversion, such certificate or certificates are not delivered to or as directed by the applicable Holder by the third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Jesup & Lamont, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Security Agreement (CenterStaging Corp.)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate certificate(s) or certificates shares are not delivered to or as directed by the applicable Holder by the third four Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture Note unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Mimvi, Inc.

Failure to Deliver Certificates. 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 third (3rd) Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Notes tendered for conversion to the Companyconversion.

Appears in 1 contract

Samples: Knobias, Inc.

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered Debentureunsuccessfullytendered for conversion to the Company.

Appears in 1 contract

Samples: American Scientific Resources Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: UC Hub Group Inc

Failure to Deliver Certificates. 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 third 2nd Trading Day after immediately following the Conversion Shares Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Solomon Technologies Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall shall, in addition to any other remedies that may be available to Holder under the terms of this Note or otherwise, be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly return to the Holder any original Debenture Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Note tendered for conversion to the Company.

Appears in 1 contract

Samples: Airbee Wireless, Inc.

Failure to Deliver Certificates. 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 third (3rd) Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Statmon Technologies Corp

Failure to Deliver Certificates. 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 third second Trading Day after the Conversion Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Sona Mobile Holdings Corp

Failure to Deliver Certificates. 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 third Trading Business Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Companyconversion.

Appears in 1 contract

Samples: PERF Go-Green Holdings, Inc

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 Senior Secured Convertible Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully Senior Secured Convertible Note tendered for conversion to the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ibsg International Inc)

Failure to Deliver Certificates. 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 third Trading Day after the a Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificatescertificates thereafter, to rescind such Conversionconversion, in which event the Company shall promptly immediately return to the Holder any original Debenture delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Companyconversion.

Appears in 1 contract

Samples: Trinity Learning Corp

Failure to Deliver Certificates. 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 third Trading Day after the Conversion Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before 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 received by the Holder after rescission representing the principal amount of this Debenture unsuccessfully tendered for conversion to the Company.

Appears in 1 contract

Samples: Foldera, Inc

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