Common use of Failure To Deliver Common Stock Clause in Contracts

Failure To Deliver Common Stock. The Holder notifies the Company in writing (including via email or facsimile) that a Delivery Failure (as defined above) occurred and such Delivery Failure remains uncured for a period of more than twenty (20) days following receipt of such written notice; or at any time, the Company announces or states in writing that it will not honor its obligations to issue shares of Common Stock to the Holder upon Exercise by the Holder of the Exercise rights of the Holder in accordance with the terms of this Warrant.