Common use of Deferred Issuance Clause in Contracts

Deferred Issuance. Any Common Shares or other consideration (in the form of cash, securities or other assets per share of Common Stock issuable to a holder of shares of Common Stock in connection with a Change of Control) that would have been issued to ▇▇▇▇▇▇▇▇ pursuant to this Agreement or the Certificate of Rights and Preferences but for the limitations contained in this Section 6 shall be deferred and shall be delivered to ▇▇▇▇▇▇▇▇ promptly and in any event no later than three (3) Business Days after the date such limitations cease to restrict the issuance of such shares (whether due to an increase in the Maximum Number so as to permit such issuance, the disposition by ▇▇▇▇▇▇▇▇ of shares of Common Stock or any other reason) unless ▇▇▇▇▇▇▇▇ has withdrawn the applicable notice of conversion or redemption or has elected to receive the cash value of such shares pursuant to this Agreement or the Certificate of Rights and Preferences.

Appears in 1 contract

Sources: Purchase Agreement (Seven Arts Pictures PLC)

Deferred Issuance. Any shares of Common Shares Stock or other consideration (in the form of cash, securities or other assets per share of Common Stock issuable to a holder of shares of Common Stock in connection with a Change of Control) that would have been issued to ▇▇▇▇▇▇▇▇ pursuant to this Agreement or upon exercise of the Certificate of Rights and Preferences Warrant but for the limitations contained in this Section 6 7 shall be deferred and shall be delivered to ▇▇▇▇▇▇▇▇ promptly and in any event no later than three (3) Business Days after the date such limitations cease to restrict the issuance of such shares (whether due to an increase in the Maximum Number so as to permit such issuance, the disposition by ▇▇▇▇▇▇▇▇ of shares of Common Stock or any other reason) unless ▇▇▇▇▇▇▇▇ has withdrawn the applicable notice of conversion ▇▇▇▇▇▇▇▇ Notice or redemption or has elected to receive Warrant Exercise Notice (as defined in the cash value of such shares pursuant to this Agreement or the Certificate of Rights and PreferencesWarrant).

Appears in 1 contract

Sources: Purchase Agreement (Ants Software Inc)