Common use of Reservation Default Clause in Contracts

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.

Appears in 42 contracts

Samples: Medical Care Technologies Inc., Medical Care Technologies Inc., Intelligent Living Inc.

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Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note and the Subscription Agreement.

Appears in 39 contracts

Samples: Royale Energy Holdings, Inc., Royale Energy Holdings, Inc., Royale Energy Inc

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Stock as set forth in this Note and the Subscription Agreement.

Appears in 20 contracts

Samples: Assignment and Escrow Agreement (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.), Secured Convertible Note (Attitude Drinks Inc.)

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 Agreementherein.

Appears in 15 contracts

Samples: Caro Holdings Inc., Caro Holdings Inc., Caro Holdings Inc.

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in the Subscription Agreementthis Note.

Appears in 8 contracts

Samples: Asset Purchase Agreement (Appyea, Inc), Assignment and Escrow Agreement (Attitude Drinks Inc.), Extension Agreement (Attitude Drinks Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock as set forth in this Note, and the Subscription Agreement.

Appears in 6 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Assignment and Escrow Agreement (Attitude Drinks Inc.)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Stock as set forth in the Subscription Agreementthis Note.

Appears in 5 contracts

Samples: Phytomedical Technologies Inc, Tasker Products Corp, Visual Management Systems Inc

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion the number of the Note the amount shares of Common stock Stock as set forth required in the Subscription Agreement.

Appears in 4 contracts

Samples: First Consolidated Amendment Agreement (Cellteck Inc.), Third Consolidated Amendment Agreement (Cellteck Inc.), These Proposed Terms (Cellteck Inc.)

Reservation Default. Failure by the Borrower to have reserve for issuance upon conversion of the Note Debenture the amount of Common stock as set forth in the Subscription Purchase Agreement.

Appears in 4 contracts

Samples: Thinspace Technology, Inc., Thinspace Technology, Inc., Thinspace Technology, Inc.

Reservation Default. Failure The failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount number of shares of Common stock Stock as set forth required in the Subscription Agreement.

Appears in 3 contracts

Samples: Convertible Note (BigString CORP), Family Room Entertainment Corp, BigString CORP

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 Purchase Agreement.

Appears in 3 contracts

Samples: Thinspace Technology, Inc., Thinspace Technology, Inc., Thinspace Technology, Inc.

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 this Note and the Subscription Agreement.

Appears in 2 contracts

Samples: Convertible Note (Avvaa World Health Care Products Inc), Quest Oil Corp

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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 Agreementthis Note.

Appears in 2 contracts

Samples: Qrons Inc., Biolabmart Inc.

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note or upon exercise of the amount Warrants, the number of shares of Common stock Stock as set forth required in the Subscription Agreement, this Note and the Warrants.

Appears in 2 contracts

Samples: Subscription Agreement (ADVANCED MEDICAL ISOTOPE Corp), Security Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the this Note the amount of Common stock as set forth in this Note and the Subscription Agreement.

Appears in 2 contracts

Samples: Advance Nanotech, Inc., Advance Nanotech, Inc.

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount of Common stock Ordinary Shares as set forth in this Note and the Subscription Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Viryanet LTD)

Reservation Default. Failure by the Borrower to have reserve reserved for issuance upon conversion of the Note the amount number of shares of Common stock Stock as set forth required in the Subscription Agreement.; or

Appears in 1 contract

Samples: Cyclone Power Technologies Inc

Reservation Default. Failure The failure by the Borrower to have reserve reserved ------------------- for issuance upon conversion of the Note the amount number of shares of Common stock Stock as set forth required in the Subscription Agreement.

Appears in 1 contract

Samples: BigString CORP

Reservation Default. Failure by the Borrower to have reserve for issuance upon conversion of the Note Debenture the amount of Common stock as set forth herein or in the Subscription Purchase Agreement.

Appears in 1 contract

Samples: Thinspace Technology, Inc.

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