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.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note or upon exercise of the Warrants, the number of shares of Common Stock as required in the Subscription Agreement, this Note and the Warrants, and such failure continues for a period of thirty (30) business days.
Reservation Default. Failure by the Company to comply with its obligation to reserve shares from its authorized Common Stock to be issued upon exercise of the Warrants.
Reservation Default. Failure by the Company to have reserved for issuance upon conversion of the Note and accrued Interest the amount of Common Stock.
Reservation Default. The occurrence of Reservation Default as described in Section 9(p) of the Subscription Agreement.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note. [THIS SPACE INTENTIONALLY LEFT BLANK]
Reservation Default. The occurrence of reservation default as described in this Note.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note, the Modification Agreement and the Subscription Agreement.
Reservation Default. The failure by the Borrower to have reserved for issuance upon exercise of the Warrant the number of shares of Common Stock as required in the Subscription Agreement and such default continues for ten (10) business days after written notice to the Borrower or after the Borrower has actual knowledge of such deficiency, whichever is sooner.
Reservation Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note and the Subscription Agreement for five (5) consecutive business days or fifteen (15) days in the aggregate, provided that if the failure is a result of an increase in the amount of shares of Common Stock issuable upon conversion of this Note only as a result of a decrease of the Conversion Price after the Issue Date and the Borrower reserves on behalf of the Holder and Holders of Notes issued contemporaneously with this Note, all of the authorized but otherwise not reserved shares of Common Stock, then the Borrower shall have forty-five (45) days from the onset of the reservation default, to cure such default.
