Common use of Failure to Deliver Conversion Shares Clause in Contracts

Failure to Deliver Conversion Shares. In the event that the Corporation fails for any reason to deliver to the Holder the number of Conversion Shares specified in a Conversion Notice (without any restrictive legend to the extent permitted by the terms hereof or pursuant to the terms of the Purchase Agreement) on or before the Delivery Date therefor (a "Conversion Default"), the Holder shall have the following rights:

Appears in 3 contracts

Samples: Securities Purchase Agreement (Siemens Aktiengesellschaft/Adr), Securities Purchase Agreement (Ramtron International Corp), Securities Purchase Agreement (Ramtron International Corp)

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Failure to Deliver Conversion Shares. In the event that the Corporation Company fails for any reason to deliver to the Holder the number of Conversion Shares specified in a Conversion Notice (without any restrictive legend to the extent permitted by the terms hereof or pursuant to the terms of the Securities Purchase Agreement) on or before the second (2d) Business Day following the Delivery Date therefor (a "Conversion Default"), the Holder shall have the right to receive from the Company the greater of the following rightsamounts:

Appears in 1 contract

Samples: Securities Purchase Agreement (Ener1 Inc)

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