Common use of Holder’s Delivery Requirements Clause in Contracts

Holder’s Delivery Requirements. To convert this Series 1 Bridge Note into Common Stock, (the "Conversion Date"), the Holder hereof shall (A) deliver or transmit by facsimile, for receipt on or prior to 11:59 P.M., Eastern Time, on such date, a copy of a fully executed notice of conversion in the form attached hereto as Exhibit A (the "Conversion Notice") to the Company or its designated Transfer Agent, and (B) surrender to a common carrier for delivery to the Company or the Transfer Agent as soon as practicable following such date, the original Series 1 Bridge Note being converted (or an indemnification undertaking with respect to such shares in the case of the loss, theft, or destruction of the Series 1 Bridge Note) and the originally executed Conversion Notice. The date the Company receives theoriginally executed Conversion Notice and this Series 1 Bridge Note is hereinafter the "Conversion Date."

Appears in 2 contracts

Samples: Bridge Financing Note (Cambex Corp), Bridge Financing Note (Cambex Corp)

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Holder’s Delivery Requirements. To convert this Series 1 Bridge Note into Common Stock, (the "Conversion Date"), the Holder hereof shall (A) deliver or transmit by facsimile, for receipt on or prior to 11:59 P.M., Eastern Time, on such date, a copy of a fully executed notice of conversion in the form attached hereto as Exhibit A (the "Conversion Notice") to the Company or its designated Transfer Agent, and (B) surrender to a common carrier for delivery to the Company or the Transfer Agent as soon as practicable following such date, the original Series 1 Bridge Note being converted (or an indemnification undertaking with respect to such shares in the case of the loss, theft, or destruction of the Series 1 Bridge Note) and the originally executed Conversion Notice. The date the Company receives theoriginally executed the Conversion Notice Note and this Series 1 Bridge Note is hereinafter the "Conversion Date."

Appears in 2 contracts

Samples: Bridge Financing Note (Compositech LTD), Bridge Financing Note (Compositech LTD)

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Holder’s Delivery Requirements. To convert this Series 1 Bridge Note into Common Stock, (the "Conversion Date"), the Holder hereof shall (A) deliver or transmit by facsimile, for receipt on or prior to 11:59 P.M., Eastern Time, on such date, a copy of a fully executed notice of conversion in the form attached hereto as Exhibit A (the "Conversion Notice") to the Company or its designated Transfer Agent, and (B) surrender to a common carrier for delivery to the Company or the Transfer Agent as soon as practicable following such date, the original Series 1 Bridge Note being converted (or an indemnification undertaking with respect to such shares in the case of the loss, theft, or destruction of the Series 1 Bridge Note) and the originally executed Conversion Notice. The date the Company receives theoriginally the originally executed Conversion Notice and this Series 1 Bridge Note is hereinafter the "Conversion Date."

Appears in 2 contracts

Samples: Bridge Financing Note (Cambex Corp), Bridge Financing Note (Cambex Corp)

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