Common use of Mandatory Redemption at Subscriber’s Election Clause in Contracts

Mandatory Redemption at Subscriber’s Election. In the event (i) the Company is prohibited from issuing Shares, (ii) the Company fails to timely deliver Shares on a Delivery Date, (iii) upon the occurrence of any other Event of Default (as defined in the Note or in this Agreement), (iv) of the liquidation, dissolution or winding up of the Company, or (v) a Change of Control (as defined below) any of which that continues for more than ten (10) business days, then at the

Mandatory Redemption at Subscriber’s Election. In the event (ia) the Company is prohibited from issuing Shares, (iib) the Company fails to timely deliver Shares on a Delivery Date, (iiic) upon the occurrence of any other Event of Default (as defined in the Note or in this Agreement), (iv) ; any of the liquidation, dissolution or winding up of the Companyforegoing that is not cured during any applicable cure period and an additional twenty (20) days thereafter, or (vd) upon a Change of in Control (as defined below) any of which that continues for more than ten (10) business days), then at thesuch Subscriber’s

Mandatory Redemption at Subscriber’s Election. In the event (i) the Company is prohibited from issuing Shares, (ii) the Company fails to timely deliver Shares on a Delivery Date, (iii) upon the occurrence of any other Event of Default (as defined in the Note or in this Agreement); any of the foregoing that is not cured during any applicable cure period and an additional twenty (20) days thereafter, or (iv) of the liquidation, dissolution or winding up of the Company, or (v) upon a Change of in Control (as defined below) any of which that continues for more than ten (10) business days), then at the Subscriber's election, the