Reservation Default Sample Clauses
The Reservation Default clause defines the circumstances under which a party is considered to be in default regarding a reservation, such as failing to make required payments or not fulfilling other reservation obligations. In practice, this clause typically outlines specific actions or omissions—like missing a deposit deadline or not providing necessary documentation—that would trigger a default. Its core function is to provide clear guidelines for identifying and addressing breaches related to reservations, thereby protecting the interests of the non-defaulting party and ensuring accountability in reservation agreements.
Reservation Default. Failure by the Borrower to have reserve for issuance upon conversion of the Note the amount of Common stock as set forth in the Subscription Agreement.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note or upon exercise of the Warrants, the number of shares of Common Stock as required in the Subscription Agreement, this Note and the Warrants, and such failure continues for a period of thirty (30) business days.
Reservation Default. Failure by the Company to comply with its obligation to reserve shares from its authorized Common Stock to be issued upon exercise of the Warrants.
Reservation Default. Failure by the Borrower to have reserved for issuance the number of shares of Common Stock as required in the Subscription Agreement.
Reservation Default. Failure by the Company to have reserved for issuance upon conversion of the Note and accrued Interest the amount of Common Stock.
Reservation Default. The occurrence of Reservation Default as described in Section 9(p) of the Subscription Agreement.
Reservation Default. The occurrence of reservation default as described in this Note.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note a sufficient number of shares of Common Stock to permit the Holder to fully convert this Note.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note, the Modification Agreement and the Subscription Agreement.
Reservation Default. Failure by the Borrower to have reserved for issuance upon exercise of the Warrants the number of shares of Ordinary Shares required to allow exercise of all Warrants issued pursuant to the Securities Purchase Agreement in the event such failure persists for a period of more than thirty (30) days.