Common use of Exchange and Cancellation Clause in Contracts

Exchange and Cancellation. On the date hereof, pursuant to Section 3(a)(9) of the Securities Act, the Holder hereby agrees to convey, assign and transfer the Notes to the Company in exchange for which the Company agrees to issue the Rights to the Holder and, upon delivery of the Rights to the Holder, the parties shall consummate the Cancellation in accordance herewith.

Appears in 2 contracts

Samples: Exchange Agreement (Ascent Solar Technologies, Inc.), Exchange Agreement (Ascent Solar Technologies, Inc.)

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Exchange and Cancellation. On the date hereof, pursuant to Section 3(a)(9) of the Securities Act, the Holder hereby agrees to convey, assign and transfer the Notes Note to the Company in exchange for which the Company agrees to issue the Rights Convertible Note to the Holder and, upon delivery of the Rights Convertible Note to the Holder, the parties shall consummate the Cancellation in accordance herewith.

Appears in 2 contracts

Samples: Exchange Agreement (Ascent Solar Technologies, Inc.), Exchange Agreement (Ascent Solar Technologies, Inc.)

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Exchange and Cancellation. On the date hereof, pursuant to Section 3(a)(9) of the Securities Act, the Holder hereby agrees to convey, assign and transfer the Notes Initial Warrants to the Company in exchange for which the Company agrees to issue the Rights to the Holder and, upon delivery of the Rights to the Holder, the parties shall consummate the Cancellation in accordance herewith.

Appears in 1 contract

Samples: Amendment and Exchange Agreement (Ascent Solar Technologies, Inc.)

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