Common use of Reservation Default Clause in Contracts

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.

Appears in 42 contracts

Sources: Convertible Debenture (Medical Care Technologies Inc.), Convertible Debenture (Medical Care Technologies Inc.), Convertible Debenture (Intelligent Living Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note and the Subscription Agreement.

Appears in 39 contracts

Sources: Convertible Note (Royale Energy Holdings, Inc.), Convertible Note (Royale Energy Holdings, Inc.), Convertible Note (Royale Energy Inc)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Stock as set forth in this Note and the Subscription Agreement.

Appears in 20 contracts

Sources: Assignment and Escrow Agreement (Attitude Drinks Inc.), Note and Warrant Agreement (Attitude Drinks Inc.), Note and Warrant Agreement (Attitude Drinks Inc.)

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 Agreementherein.

Appears in 15 contracts

Sources: Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in the Subscription Agreementthis Note.

Appears in 11 contracts

Sources: Asset Purchase Agreement (Appyea, Inc), Convertible Note (Alterrus Systems Inc.), Assignment and Escrow Agreement (Attitude Drinks Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note, and the Subscription Agreement.

Appears in 6 contracts

Sources: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Assignment and Escrow Agreement (Attitude Drinks Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Stock as set forth in the Subscription Agreementthis Note.

Appears in 5 contracts

Sources: Convertible Note (Phytomedical Technologies Inc), Secured Convertible Note (Tasker Products Corp), Convertible Note (Visual Management Systems Inc)

Reservation Default. Failure by the Borrower to have reserve for issuance upon conversion of the Note Debenture the amount of Common stock as set forth in the Subscription Purchase Agreement.

Appears in 4 contracts

Sources: Convertible Debenture (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.), Convertible Debenture (Thinspace Technology, Inc.)

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 Purchase Agreement.

Appears in 3 contracts

Sources: Convertible Note (Thinspace Technology, Inc.), Convertible Note (Thinspace Technology, Inc.), Convertible Note (Thinspace Technology, Inc.)

Reservation Default. Failure The failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount number of shares of Common stock Stock as set forth required in the Subscription Agreement.

Appears in 3 contracts

Sources: Convertible Note (Family Room Entertainment Corp), Convertible Note (BigString CORP), Convertible Note (BigString CORP)

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 this Note and the Subscription Agreement.

Appears in 2 contracts

Sources: Convertible Note (Avvaa World Health Care Products Inc), Convertible Note (Quest Oil Corp)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the this Note the amount of Common stock as set forth in this Note and the Subscription Agreement.

Appears in 2 contracts

Sources: Senior Secured Convertible Note (Advance Nanotech, Inc.), Senior Secured Convertible Note (Advance Nanotech, Inc.)

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 Agreementthis Note.

Appears in 2 contracts

Sources: Convertible Debenture (Qrons Inc.), Convertible Debenture (Biolabmart Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note or upon exercise of the amount Warrants, the number of shares of Common stock Stock as set forth required in the Subscription Agreement, this Note and the Warrants.

Appears in 2 contracts

Sources: Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Reservation Default. Failure by the Borrower to have reserve for issuance upon conversion of the Note Debenture the amount of Common stock as set forth herein or in the Subscription Purchase Agreement.

Appears in 1 contract

Sources: Debenture Agreement (Thinspace Technology, Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Ordinary Shares as set forth in this Note and the Subscription Agreement.

Appears in 1 contract

Sources: Subscription Agreement (Viryanet LTD)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount number of shares of Common stock Stock as set forth required in the Subscription Agreement.; or

Appears in 1 contract

Sources: Secured Convertible Promissory Note (Cyclone Power Technologies Inc)