Reservation Default. Failure by the Borrower to have reserved for issuance the number of shares of Common Stock as required in the Subscription Agreement.
Appears in 4 contracts
Samples: Second Consolidated Amendment Agreement (Cellteck Inc.), Loan Agreement (Cellteck Inc.), Consolidated Amendment Agreement (Cellteck Inc.)
Reservation Default. Failure by the Borrower to have reserved for issuance the number of shares of Common Stock as required in common stock issuable upon exercise of the Subscription AgreementWarrants.
Appears in 1 contract
Samples: Loan Agreement (Cellteck Inc.)
Reservation Default. Failure The failure by the Borrower to have reserved ------------------- for issuance upon conversion of the Note the number of shares of Common Stock as required in the Subscription Agreement.
Appears in 1 contract
Samples: Convertible Note (BigString CORP)
