Failure to Provide Preferred Stock Certificates. In the event the Holder provides the Corporation with a Notice of Conversion, but fails to provide the Corporation with the Preferred Stock Certificates or the Lost Certificate Materials (as defined in Section 11 below), by the end of the Delivery Period, the Notice of Conversion shall be considered void and the Corporation shall not be required to comply with such Notice of Conversion, unless such shares of Series C Preferred Stock are held in book entry/non-certificate form.
Appears in 3 contracts
Samples: Sale and Purchase Agreement of Share Capital (Golden Matrix Group, Inc.), Sale and Purchase Agreement of Share Capital (Golden Matrix Group, Inc.), Sale and Purchase Agreement of Share Capital (Golden Matrix Group, Inc.)
Failure to Provide Preferred Stock Certificates. In the event the Holder provides the Corporation with a Notice of Conversion, but fails to provide the Corporation with the Preferred Stock Certificates or the Lost Certificate Materials (as defined in Section 11 12 below), by the end of the Delivery Period, the Notice of Conversion shall be considered void and the Corporation shall not be required to comply with such Notice of Conversion. Provided that if the Notice of Conversion only relates to the conversion of Accrued Dividends, unless such shares of Series C the Holder shall not be required to provide the Corporation any Preferred Stock are held in book entry/non-certificate formCertificates.
Appears in 2 contracts
Samples: Unit Purchase Agreement (Vertex Energy Inc.), Asset Purchase Agreement (Lucas Energy, Inc.)
