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 Conversion Shares pursuant to Section 4(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion. ​

Appears in 10 contracts

Samples: 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.), 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.), 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.)

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Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares pursuant to Section 4(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion. ​.

Appears in 10 contracts

Samples: 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.), 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.), 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.)

Rescission Rights. If the Company fails to cause the Transfer Agent Company's transfer agent to transmit to the Holder a certificate or the Conversion Shares certificates representing the shares of Company common stock issuable upon conversion pursuant to Section 4(c)(i1.5(c)(i) by the Conversion Note Share Delivery Date, then the Holder will have the right to rescind such conversion. ​.

Appears in 4 contracts

Samples: Secured Promissory Note (MeeMee Media Inc.), Secured Promissory Note (MeeMee Media Inc.), Secured Promissory Note (MeeMee Media Inc.)

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares pursuant to Section 4(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion.

Appears in 2 contracts

Samples: 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.), 25% Senior Secured Convertible Promissory Note and Security Agreement (Kiromic Biopharma, Inc.)

Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares Exchange Warrants pursuant to Section 4(c)(i3(b)(i) by the Conversion Warrant Share Delivery Date, then the Holder will have the right to rescind such conversion. ​exchange.

Appears in 2 contracts

Samples: Purchase Agreement (PAVmed Inc.), Purchase Agreement (PAVmed Inc.)

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Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Conversion Shares pursuant to Section 4(c)(i5(c)(i) by the Conversion Share Delivery Date, then the Holder will have the right to rescind such conversion. ​.

Appears in 1 contract

Samples: Securities Purchase Agreement (Amergent Hospitality Group, Inc)

Rescission Rights. If the Company fails to cause the Transfer Agent Company's transfer agent to transmit to the Holder a certificate or the Conversion Shares certificates representing the shares of Company common stock issuable upon conversion pursuant to Section 4(c)(i1.4(c)(i) by the Conversion Note Share Delivery Date, then the Holder will have the right to rescind such conversion. ​.

Appears in 1 contract

Samples: Secured Convertible Grid Promissory Note (MeeMee Media Inc.)

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