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 fifth Trading 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 Debentures tendered for conversion.

Appears in 11 contracts

Samples: Diomed Holdings Inc, Securities Purchase Agreement (Sunburst Acquisitions Iv Inc), Registration Rights Agreement (Composite Technology Corp)

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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 fifth Trading 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 Debentures this Debenture tendered for conversion.

Appears in 9 contracts

Samples: Samir Financial, L.L.C., Intraop Medical Corp, Western Power & Equipment 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 fifth Trading 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 Debentures Notes tendered for conversion.

Appears in 6 contracts

Samples: Lexaria Corp., Lexaria Corp., Golden Aria 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 fifth Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its the Holder's 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 Debentures tendered for conversion.

Appears in 2 contracts

Samples: Registration Rights Agreement (Tarrant Apparel Group), Tarrant Apparel Group

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 fifth tenth Trading 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 Debentures this Debenture tendered for conversion.

Appears in 2 contracts

Samples: North American Technologies Group Inc /Mi/, North American Technologies Group Inc /Mi/

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 fifth Trading 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 Holder shall immediately return the certificates representing the principal amount of Debentures Notes tendered for conversion.

Appears in 1 contract

Samples: Loan Modification Agreement (Whispering Oaks 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 fifth Trading Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its the Holder’s 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 Debentures tendered for conversion.

Appears in 1 contract

Samples: Preferred Voice 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 fifth Trading 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 Debentures this Note tendered for conversion.

Appears in 1 contract

Samples: Teton 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 fifth third Trading Day after a the 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 Debentures this Note tendered for conversion.

Appears in 1 contract

Samples: Environmental Service Professionals, 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 fifth Trading Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its the Holder's 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 Debentures tendered for conversion.

Appears in 1 contract

Samples: Preferred Voice Inc

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates representing Conversion Shares are not delivered to or as directed by the applicable Holder by the fifth Trading 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 Debentures tendered for conversion.

Appears in 1 contract

Samples: Access Integrated Technologies Inc

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