Common use of Reservation Default Clause in Contracts

Reservation Default. Failure by the Company to have reserved for issuance upon conversion of the Note and accrued Interest the amount of Common Stock.

Appears in 3 contracts

Sources: Convertible Note (American Dairy Inc), Convertible Note Agreement (Yi Xin International Copper, Inc.), Convertible Note Agreement (American Dairy Inc)

Reservation Default. Failure by the Company to have reserved for issuance upon conversion of the Note and accrued Interest the amount of Common StockStock as set forth in this Note.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Attitude Drinks Inc.), Asset Purchase Agreement (Attitude Drinks Inc.)

Reservation Default. Failure by the Company to have reserved for issuance upon conversion of the Note and accrued Interest the amount of Common StockConversion Shares.

Appears in 1 contract

Sources: Convertible Note (China Agri-Business, Inc.)