Common use of Legend Removal Failure Clause in Contracts

Legend Removal Failure. A Legend Removal Failure occurs and remains uncured for a period of twenty (20) days, where a “Legend Removal Failure” shall be deemed to have occurred if the Company fails to issue Exercise Shares without a restrictive legend, when and as required under Section 2(g)(ii) hereof.

Appears in 1 contract

Sources: Warrant Agreement (VirtualScopics, Inc.)

Legend Removal Failure. A Legend Removal Failure occurs and remains uncured for a period of twenty five (205) daysBusiness Days, where a “Legend Removal Failure” shall be deemed to have occurred if the Company Allora fails to issue Allora Exercise Shares without a restrictive legend, when and as required under Section 2(g)(ii) hereof.

Appears in 1 contract

Sources: Warrant Agreement (Allora Minerals, Inc.)