Common use of Mechanics of Fulfilling Holder’s Election Clause in Contracts

Mechanics of Fulfilling Holder’s Election. The Company shall immediately send via facsimile to a holder of Series B Preferred Stock, upon receipt of a facsimile copy of a Conversion Notice from such holder which cannot be fully satisfied as described in Section 8(a) above, a notice of the Company's inability to fully satisfy such holder's Conversion Notice (the “Inability to Fully Convert Notice”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy such holder's Conversion Notice, and (ii) the number of shares of Series B Preferred Stock which cannot be converted.

Appears in 1 contract

Samples: Securities Exchange Agreement (Neoprobe Corp)

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Mechanics of Fulfilling Holder’s Election. The Company shall immediately send via facsimile to a holder of Series B F Preferred Stock, upon receipt of a facsimile copy of a Conversion Notice from such holder which cannot be fully satisfied as described in Section 8(a) 7.a above, a notice of the Company's Corporation’s inability to fully satisfy such holder's ’s Conversion Notice (the “Inability to Fully Convert Notice”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company Corporation is unable to fully satisfy such holder's ’s Conversion Notice, and (ii) the number of shares of Series B F Preferred Stock which cannot be converted.

Appears in 1 contract

Samples: Security Agreement (Navidea Biopharmaceuticals, Inc.)

Mechanics of Fulfilling Holder’s Election. The Company shall immediately send via facsimile to a holder of Series B A Preferred Stock, upon receipt of a facsimile copy of a Conversion Notice from such holder which cannot be fully satisfied as described in Section 8(a) above, a notice of the Company's inability to fully satisfy such holder's Conversion Notice (the "Inability to Fully Convert Notice"). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy such holder's Conversion Notice, Notice and (ii) the number of shares of Series B A Preferred Stock which cannot be converted.

Appears in 1 contract

Samples: Common Stock Exchange Agreement (VistaGen Therapeutics, Inc.)

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Mechanics of Fulfilling Holder’s Election. The Company shall immediately send via facsimile to a holder of Series B C Preferred Stock, upon receipt of a facsimile copy of a Conversion Notice from such holder which cannot be fully satisfied as described in Section 8(a7(a) above, a notice of the Company's inability to fully satisfy such holder's Conversion Notice (the “Inability to Fully Convert Notice”). Such Inability to Fully Convert Notice shall indicate (i) the reason why the Company is unable to fully satisfy such holder's Conversion Notice, and (ii) the number of shares of Series B C Preferred Stock which cannot be converted.

Appears in 1 contract

Samples: Securities Exchange Agreement (Neoprobe Corp)

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