First Debenture B. Subject to Section 4.28, the Escrow Agent will hold the First Debenture B in escrow until either (i) the obligations under the Note by its terms becomes due and payable and subsequently paid in full by the Purchaser, whereupon the Escrow Agent will deliver the First Debenture B to the Purchaser or (ii) the obligations under the Note expire under its terms, whereupon the First Debenture B will be delivered to the Company for cancellation.
Appears in 3 contracts
Samples: Convertible Debenture Purchase Agreement (Insite Vision Inc), Convertible Debenture Purchase Agreement (Scores Holding Co Inc), Convertible Debenture Purchase Agreement (Empire Energy Corp)
First Debenture B. Subject to Section 4.28, the Escrow Agent ------------------- will hold the First Debenture B in escrow until either (i) the obligations under the Note by its terms becomes due and payable and subsequently paid in full by the Purchaser, whereupon the Escrow Agent will deliver the First Debenture B to the Purchaser or (ii) the obligations under the Note expire under its terms, whereupon the First Debenture B will be delivered to the Company for cancellation.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Heritage Worldwide Inc)
First Debenture B. Subject to Section 4.28, the Escrow Agent will hold the First Debenture B in escrow until either (i) the obligations under the Note B by its terms becomes due and payable and subsequently paid in full by the Purchaser, whereupon the Escrow Agent will deliver the First Debenture B to the Purchaser or (ii) the obligations under the Note B expire under its terms, whereupon the First Debenture B will be delivered to the Company for cancellation.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Reality Wireless Networks Inc)
