Return of Certificates on Conversion. Upon any conversion by the Purchaser of less than all of the Series C Preferred Stock pursuant to the terms of the Series C Certificate of Designation, the Company shall issue and deliver to the Purchaser, within seven business days of the date of conversion, a new certificate or certificates for, as applicable, the total number of shares of the Series C Preferred Stock, which the Purchaser has not yet elected to convert (with the number of and denomination of such new certificate(s) designated by the Purchaser).
Appears in 4 contracts
Samples: Securities Purchase Agreement (American Leisure Holdings Inc), Securities Purchase Agreement (American Leisure Holdings Inc), Securities Purchase Agreement (American Leisure Holdings Inc)
Return of Certificates on Conversion. Upon any conversion by the Purchaser of less than all of the Series C D Preferred Stock pursuant to the terms of the Series C Certificate D Certificates of Designation, the Company shall issue and deliver to the Purchaser, Purchaser within seven 7 business days of the date of conversion, a new certificate or certificates for, as applicable, the total number of shares of the Series C D Preferred Stock, which the Purchaser has not yet elected to convert (with the number of and denomination of such new certificate(s) designated by the Purchaser).
Appears in 1 contract
Samples: Series D Preferred Stock Purchase and Warrant Exercise Agreement (Tangible Asset Galleries Inc)
