Common use of Mechanics of Redemption Clause in Contracts

Mechanics of Redemption. The Company shall effect each such redemption within seven business days of receiving a notice to redeem by facsimile with a copy by either overnight or 2-day courier from the Holder of this Convertible Note. Such redemption notice shall indicate whether the Company is required to redeem all or part of such portion of the Convertible Note and the applicable Redemption Price.

Appears in 7 contracts

Samples: Convertible Note (ERF Wireless, Inc.), Secured Convertible Term Note (ERF Wireless, Inc.), Secured Convertible Term Note (ERF Wireless, Inc.)

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Mechanics of Redemption. The Company shall effect each such redemption within seven 10 business days of receiving a notice to redeem by facsimile with a copy by either overnight or 2-day courier from the Holder of this Convertible NoteDebenture. Such redemption notice shall indicate whether the Company is required to redeem all or part of such portion of the Convertible Note Debenture and the applicable Redemption Price.

Appears in 3 contracts

Samples: Convertible Debenture (PCS Research Technology Inc), Convertible Debenture (PCS Research Technology Inc), Securities Purchase Agreement (Sagient Research Systems, Inc.)

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Mechanics of Redemption. The Company shall effect each such redemption within seven 10 business days of receiving a notice to redeem by facsimile with a copy by either overnight or 2-day courier from the Holder of this Convertible Note. Such redemption notice shall indicate whether the Company is required to redeem all or part of such portion of the Convertible Note and the applicable Redemption Price.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Miracor Diagnostics Inc), Securities Purchase Agreement (Smartserv Online Inc)

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