Common use of Failure to Deliver Certificates Clause in Contracts

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (Knobias, Inc.)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Business Day after a Conversion Date, the Holder shall be entitled by written notice to the Company or Parent, as applicable, at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company or Parent shall immediately return the certificates representing the principal amount of Notes Debentures tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (New Harvest Capital Corp)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company Issuer and the Company, at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company Issuer shall immediately return the certificates representing the principal amount of Notes this Debenture tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (Sendtec, Inc.)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a the Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes this Note tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (Environmental Service Professionals, Inc.)

Failure to Deliver Certificates. If in the case of any Notice of ---------------------------------- Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes this Debenture tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (Trinity Learning Corp)

Failure to Deliver Certificates. If in the case of any Notice of If, upon conversion pursuant to Section 3(a), such Conversion such Share certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a Conversion Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversionConversion, in which event the Company shall immediately promptly return to the certificates representing Holder any original Note delivered to the principal amount of Notes tendered for conversionCompany.

Appears in 1 contract

Sources: Senior Secured Convertible Promissory Note (Adamas One Corp.)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder Holder, as a result of negligence by the Company, by the third (3rd) Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes tendered for conversion.

Appears in 1 contract

Sources: Convertible Security Agreement (Las Vegas Gaming Inc)

Failure to Deliver Certificates. If in the case of any Notice of Conversion Conversion, such certificate or certificates are not delivered to or as directed by the applicable Holder by the third (3rd) Trading Day after a Conversion Date, the Holder shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes this Note tendered for conversionconversion (or representing accrued interest, in the case of requested conversion of interest on this Note made pursuant to Section 2(a)).

Appears in 1 contract

Sources: Convertible Security Agreement (Blue Earth, Inc.)

Failure to Deliver Certificates. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by the applicable Holder Lender by the third (3rd) Trading Day after a Conversion Date, the Holder Lender shall be entitled by written notice to the Company at any time on or before its receipt of such certificate or certificates thereafter, to rescind such conversion, in which event the Company shall immediately return the certificates representing the principal amount of Notes the Grid Note tendered for conversion.

Appears in 1 contract

Sources: Debt Conversion Agreement (Web2 Corp)