Failure to Deliver Stock. If the Shareholder (or any ------------------------ personal representative or other representative of the Shareholder) who has become obligated to sell Stock of the Corporation hereunder shall fail to deliver such Stock on the terms and in accordance with this Agreement, the Corporation, in addition to all other remedies it may have, may send to the such obligated party by registered mail, return receipt requested, the purchase price for such Stock on the terms provided for in this Agreement. Thereupon, the Corporation, upon written notice to the Shareholder, shall cancel on its books the certificates representing the Stock to be sold; and thereupon, all of the obligated Shareholder's rights in and to such Stock shall terminate.
Failure to Deliver Stock. If a Purchaser or a Shareholder (or any personal representative or other representative of a Shareholder) who has become obligated to sell stock of the Corporation hereunder shall fail to deliver such stock on the terms and in accordance with this Agreement, the party(ies) having the right to purchase such stock, in addition to all other remedies they may have, may send to the such obligated party by registered mail, return receipt requested, the purchase price for such Stock on the terms provided for in this Agreement. Thereupon, the Corporation, upon written notice to such obligated Purchaser or Shareholder, shall cause the cancellation on its books or cause the Transfer Agent to cancel the certificates representing the stock to be sold; and thereupon, all of the obligated Purchaser's or Shareholder's rights in and to such Stock shall terminate.
Failure to Deliver Stock. Cellteck’s failure to timely deliver to the Holder certificates representing the stock purchased in the First Stock Purchase Agreement or the Second Stock Purchase Agreement within 10 business days after the effectuation of the Reverse Split.
Failure to Deliver Stock. 7.1 If a Stockholder who has become obligated to sell his, her or its Shares to the Company hereunder shall fail to deliver such Shares in accordance with this Agreement, the Company may, in addition to all other remedies it may have, send to that Stockholder by registered mail, return receipt requested, the purchase price for such Shares provided for hereunder. Thereupon, the Company, upon written notice to that Stockholder, shall cancel on its books the certificate(s) representing the Shares to be sold, and thereupon all of that Stockholder’s rights in and to such Shares shall automatically terminate. The effecting of such sale in such mariner shall not relieve such Stockholder of any of his, her or its obligations hereunder, including any obligation to execute and deliver any documents which the Company would otherwise have been entitled to receive.
Failure to Deliver Stock. In the event that a Stockholder having become obligated to sell Equity Securities or Discount Debentures hereunder shall fail to deliver such securities in accordance with the terms of this Agreement, the purchaser of such securities may, at its option, in addition to all other remedies such purchaser may have, send to the selling Stockholder by registered mail, return receipt requested, the purchase price for such securities as is herein above specified and notify the Company of such action. Following receipt of such notice, the Company, upon written notice to the selling Stockholder, (i) shall cancel on its books the certificate or certificates representing the shares of stock to be sold, (ii) shall issue, in lieu thereof, a new certificate in the name of the purchaser representing such securities and (iii) shall deliver such new certificate or certificates to the purchaser, and thereupon all of the selling Stockholder's rights in and to said securities shall terminate.
Failure to Deliver Stock. At Closing and upon payment of the amounts to be made at Closing, Sellers shall fail to deliver to Buyer stock certificates representing the Stock or shall fail to execute and deliver such stock powers, or other documents as are necessary to transfer and convey to Buyer the Stock; or, Sellers shall fail to execute and deliver such stock powers or other documents as may be reasonably requested to transfer and convey the Stock to Buyer; or
Failure to Deliver Stock. If Rutgers has become obligated to sell its Shares under this Agreement and fails to deliver such Shares in accordance with this Agreement, the transferee may, in addition to all other remedies he or she may have, send to Rutgers the purchase price for such Shares provided for under this Agreement. Thereupon, XStream Systems, upon written notice to Rutgers, shall cancel on its books the certificate(s) representing the Shares to be sold, and thereupon all of that Rutgers’ rights in and to such Shares shall terminate. The effecting of such sale in such manner shall not relieve Rutgers of any of its obligations under this Agreement, including any obligation to execute and deliver any documents that the transferee would otherwise have been entitled to receive.
Failure to Deliver Stock. 7.1 If a Shareholder who has become obligated to sell his Shares hereunder shall fail to deliver such Shares in accordance with this Agreement, the Company may, in addition to all other remedies it may have, send to that Shareholder by registered mail, return receipt requested, the purchase price for such Shares provided for hereunder. Thereupon, the Company, upon written notice to that Shareholder, shall cancel on its books the certificate(s) representing the Shares to be sold, and thereupon all of that Shareholder's rights in and to such Shares shall terminate. The effecting of such sale in such manner shall not relieve that Shareholder of any of his, her or its obligations hereunder, including any obligation to execute and deliver any documents which the Company would otherwise have been entitled to receive.
Failure to Deliver Stock. If a Stockholder (or its personal representative) having become obligated to sell its Shares hereunder shall fail to deliver the certificates representing such Shares in accordance with the terms of this Agreement, then the purchaser of such Shares may, at its option, in addition to all other remedies he or it may have, send to such obligated Stockholder (or its personal representative) by registered mail, return receipt requested, the applicable purchase price for such Shares. Thereupon, the purchaser of such Shares shall be entitled to request the Company to (a) cancel on its books the certificates representing the Shares to be sold, (b) issue in the name of the purchaser, in lieu thereof, a new certificate representing such Shares, and (c) deliver such new certificate to the purchaser; and each Stockholder hereby agrees that the Company, upon prior written notice to such obligated Stockholder, shall be entitled to take such actions as are set out in the immediately preceding clauses (a) through (c) without incurring any liability to such obligated Stockholder, and that thereupon all of the rights of such obligated Stockholder (or its personal representative) in and to said Shares shall terminate. EACH STOCKHOLDER HEREBY ACKNOWLEDGES AND AGREES THAT THE COMPANY IS A THIRD-PARTY BENEFICIARY OF, AND IS ENTITLED TO RELY UPON, THE PROVISIONS OF THIS SECTION 4.5.
Failure to Deliver Stock. If the Executive (or the Executive's estate or any other representative of the Executive or holder of Executive Stock) who has become obligated to sell shares of Executive Stock to the Company hereunder shall fail to deliver such shares on the terms and in accordance with this Agreement, the Company, in addition to all other remedies it may have, may send to the such obligated party by registered mail, return receipt requested, the purchase price for such shares on the terms provided for in this Agreement. Thereupon, the Company, upon written notice to such holder, shall cancel on its books the certificates representing the Executive Stock to be sold; and thereupon, all of such obligated holder's rights in and to such Executive Stock shall terminate.
