Common use of Delivery of Certificate Upon Conversion Clause in Contracts

Delivery of Certificate Upon Conversion. Not later than three Business Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 5 contracts

Sources: Convertible Security Agreement (Aprecia Inc), Convertible Security Agreement (Aprecia Inc), Convertible Security Agreement (Aprecia Inc)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures this Debenture and (B) a bank check an amount in cash via wire transfer in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 4 contracts

Sources: Convertible Security Agreement (Silverstar Holdings LTD), Convertible Security Agreement (Silverstar Holdings LTD), Securities Purchase Agreement (Silverstar Holdings LTD)

Delivery of Certificate Upon Conversion. Not later than three four Business Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 3 contracts

Sources: Convertible Security Agreement (Cybra Corp), Convertible Security Agreement (Cybra Corp), Convertible Security Agreement (Cybra Corp)

Delivery of Certificate Upon Conversion. Not later than three Business seven Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check this Debenture including payment of interest in the amount shares of accrued and unpaid interestCommon Stock. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 2 contracts

Sources: Convertible Security Agreement (Bullion River Gold Corp), Securities Purchase Agreement (Bullion River Gold Corp)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check this Debenture including payment of interest in the amount shares of accrued and unpaid interestCommon Stock. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 2 contracts

Sources: Convertible Security Agreement (Bullion River Gold Corp), Convertible Security Agreement (Bullion River Gold Corp)

Delivery of Certificate Upon Conversion. Not later than three Business ten Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and this Debenture (B) a bank check in including, shares of Common Stock representing the amount payment of accrued and unpaid interestinterest otherwise determined pursuant to Section 2(a). The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 2 contracts

Sources: Convertible Security Agreement (North American Technologies Group Inc /Mi/), Convertible Security Agreement (North American Technologies Group Inc /Mi/)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock Conversion Shares being acquired upon the conversion of Debentures Notes and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Vistula Communications Services, Inc.)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Underlying Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Securities Purchase Agreement (Medialink Worldwide Inc)

Delivery of Certificate Upon Conversion. Not later than three Business (3) Trading Days after any each Conversion Date (the “Share Delivery Date”), the Company will deliver shall deliver, or cause to be delivered delivered, to the Holder (A) a certificate or certificates representing the Conversion Shares which which, on or after the Effective Date, shall be free of restrictive legends and trading restrictions (other than those which may then be required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and this Note. On or after the Effective Date (B) a bank check as defined in the amount of accrued and unpaid interest. The Registration Rights Agreement), the Company shall, if available and if allowed under applicable securities laws, shall use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section 4 electronically through the Depository Trust Corporation Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Secured Convertible Note (China Water & Drinks Inc..)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check in the amount of accrued and unpaid interestinterest (if the Company is required to pay accrued interest in cash). The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Vistula Communications Services Inc)

Delivery of Certificate Upon Conversion. Not later than three (3) Business Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Subscription Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures this Debenture and (B) a bank check in the amount of accrued and unpaid interestinterest (if the Company is required to pay accrued interest in cash). The Company shall, if available and if allowed under applicable securities laws, use its best commercially reasonable efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (PERF Go-Green Holdings, Inc)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures this Debenture and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Navstar Media Holdings, Inc.)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any Conversion Date, the Company Issuer will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares Shares, which certificate shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures this Debenture and (B) a bank check in the amount of accrued and unpaid interest. The Company Issuer shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company Issuer under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Relationserve Media Inc)

Delivery of Certificate Upon Conversion. Not later than three Business (3) Trading Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares shares issuable upon conversion of this Note, which shall be free of contain all necessary restrictive legends and trading restrictions (other than those as required by the Purchase Agreement) applicable law, representing the number of shares of Common Stock being acquired upon the conversion of Debentures the Note and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Knobias, Inc.)

Delivery of Certificate Upon Conversion. Not later than three Business Days after any Conversion Date, the Company will deliver or cause to be delivered to the Holder (A) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Company Common Stock or Parent Common Stock being acquired upon the conversion of Debentures and (B) a bank check in the amount of accrued and unpaid interest. The Company or Parent, as applicable, shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company or Parent under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (New Harvest Capital Corp)

Delivery of Certificate Upon Conversion. Not later than three Business Days As soon as commercially practicable after any the applicable Conversion Date, the Company will deliver or cause to be delivered to the Holder either (A) (i) a bank check in the amount of the Note or (ii) a certificate or certificates representing the Conversion Shares which shall be free of restrictive legends and trading restrictions (other than those required by the Purchase Agreement) representing the number of shares of Common Stock being acquired upon the conversion of Debentures this Note and (B) a bank check in the amount of accrued and unpaid interest. The Company shall, if available and if allowed under applicable securities laws, use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Convertible Security Agreement (Actiga Corp)

Delivery of Certificate Upon Conversion. Not later than three Business Trading Days after any each Conversion Date, the Company will deliver shall deliver, or cause to be delivered delivered, to the Holder (A) a certificate or certificates representing the Conversion Shares which prior to the Effective Date with respect to such Conversion Shares, shall be free of contain such restrictive legends and trading restrictions (other than those as may be required by pursuant to the Purchase Agreement) representing Securities Act. Such certificate or certificates shall represent the number of shares of Common Stock being acquired upon the conversion of Debentures and (B) a bank check in this Note. On or after the amount of accrued and unpaid interest. The Effective Date with respect to such Conversion Shares, the Company shall, if available and if allowed under applicable securities laws, shall use its best efforts to deliver any certificate or certificates required to be delivered by the Company under this Section 4 electronically through the Depository Trust Corporation Company or another established clearing corporation performing similar functions.

Appears in 1 contract

Sources: Senior Unsecured Convertible Note Purchase Agreement (Vitesse Semiconductor Corp)