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Common use of Rescission Rights Clause in Contracts

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Preferred Investment Option Shares pursuant to Section 2(d)(i) by the Preferred Investment Option Share Delivery Date, then the Holder will have the right to rescind such exercise.

Appears in 56 contracts

Samples: Security Agreement (Microbot Medical Inc.), Placement Agent Agreement (Microbot Medical Inc.), Security Agreement (Microbot Medical Inc.)

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Preferred Investment Option Shares pursuant to Section 2(d)(i) by the Preferred Investment Option Share Delivery Date, then the Holder will have the right to rescind such exercise.

Appears in 5 contracts

Samples: Security Agreement (iQSTEL Inc), Security Agreement (iQSTEL Inc), Securities Agreement (iQSTEL Inc)

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Preferred Investment Option Shares pursuant to Section 2(d)(i) by the Preferred Investment Option Share Delivery Date, then the Holder will have the right to rescind such exerciseexercise on or before the second Trading Day following delivery of such Preferred Investment Option Shares.

Appears in 5 contracts

Samples: Security Agreement (Arcadia Biosciences, Inc.), Security Agreement (Arcadia Biosciences, Inc.), Security Agreement (Arcadia Biosciences, Inc.)

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Preferred Investment Option Shares pursuant to Section 2(d)(i1(c)(i) by the Preferred Investment Option Share Delivery Date, then the Holder will have the right to rescind such exercise.

Appears in 1 contract

Samples: Common Stock Purchase Option (First Choice Healthcare Solutions, Inc.)