Common use of Acknowledgment of Dilution Clause in Contracts

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.

Appears in 10 contracts

Samples: Exchange Agreement (Fonix Corp), Exchange Agreement (Fonix Corp), Exchange Agreement (Fonix Corp)

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Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute regardless of the effect of any such dilution.

Appears in 7 contracts

Samples: Securities Purchase Agreement (Neotherapeutics Inc), Securities Purchase Agreement (GSV Inc), Securities Purchase Agreement (Cel Sci Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may Securities will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligations under the Transaction Documents, including without limitation its obligation to issue Underlying Shares in accordance with the Certificate of Designation is Securities pursuant to the Transaction Documents, are unconditional and absolute and not subject to any right of set off, counterclaim, delay or reduction, regardless of the effect of any such dilutiondilution or any claim that the Company may have against any Purchaser.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Generex Biotechnology Corp), Securities Purchase Agreement (Global Epoint Inc), Securities Purchase Agreement (Global Epoint Inc)

Acknowledgment of Dilution. The Company is aware and acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon Common Shares, and/or Warrant Shares, may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying the Common Shares, and Warrant Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Whole Living Inc), Unit Purchase Agreement (Pacific Webworks Inc), Registration Rights Agreement (View Systems Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon the conversion of the Shares Debentures and as payment the exercise of dividends thereon may the Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon conversion of the Certificate Debenture and the exercise of Designation the Warrants is unconditional and absolute absolute, subject to the limitations set forth in the Debentures or the Warrants, as the case may be, regardless of the effect of any such dilution.

Appears in 4 contracts

Samples: Convertible Debenture Purchase Agreement (Tidel Technologies Inc), Convertible Debenture Purchase Agreement (Tidel Technologies Inc), Convertible Debenture Purchase Agreement (Tidel Technologies Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants pursuant to the terms thereof, will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon exercise of the Warrants pursuant to the terms thereof, is, subject to the limitations set forth in accordance with the Certificate of Designation is Warrants, unconditional and absolute regardless of the effect of any such dilution.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Fidelity Holdings Inc), Securities Purchase Agreement (Fidelity Holdings Inc), Securities Purchase Agreement (Fidelity Holdings Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon (i) conversion of the Shares Debentures and as payment of dividends interest thereon and (ii) exercise of the Warrant may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Debentures and the Warrant is unconditional and absolute regardless of the effect of any such dilution.

Appears in 3 contracts

Samples: Convertible Debenture Purchase Agreement (Innovacom Inc), Convertible Debenture Purchase Agreement (Innovacom Inc), Convertible Debenture Purchase Agreement (Innovacom Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Common Shares upon conversion of the Shares Debentures and as payment of dividends thereon may interest thereon, in accordance with their terms, will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares shares of Common Stock in accordance with the Certificate terms of Designation and with respect to the Debentures is unconditional and absolute regardless of the effect of any such dilution.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Fonix Corp), Securities Purchase Agreement (Fonix Corp), Securities Purchase Agreement (Fonix Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon Warrant may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Warrant is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Digital Biometrics Inc), Securities Purchase Agreement (Digital Biometrics Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute absolute, subject to the limitations set forth in the Warrants, regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Netsol International Inc), Securities Purchase Agreement (Chromatics Color Sciences International Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon (i) conversion of the Shares Debentures and as payment of dividends interest thereon and (ii) exercise of the Warrant may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate terms of Designation the Debentures and the Warrant is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Eurotech LTD), Convertible Debenture Purchase Agreement (JNC Opportunity Fund LTD)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon (i) conversion of the Shares and as payment of dividends thereon may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Exchange Agreement (NCT Group Inc), Exchange Agreement (Markland Technologies Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon the conversion of the Shares and as payment Debentures or exercise of dividends thereon may the Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon conversion of the Certificate Debentures or exercise of Designation the Warrants is unconditional and absolute absolute, subject to the limitations set forth in the Debentures and Warrants, regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Composite Industries of America Inc), Convertible Debenture Purchase Agreement (Composite Industries of America Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon and conversion and exercise (as applicable) of the Shares and as payment of dividends thereon may Securities will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Securities pursuant to the Transaction Documents is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (I Stat Corporation /De/), Securities Purchase Agreement (I Stat Corporation /De/)

Acknowledgment of Dilution. The Company is aware and acknowledges that the issuance of Underlying Shares Common Stock upon the conversion of the Shares and as payment Notes and/or exercise of dividends thereon the Warrants, may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Additional Shares in accordance with the terms herein, Underlying Shares in accordance with the Certificate of Designation Notes, and Warrant Shares in accordance with the Warrant is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Escrow Agreement (Interiors Inc), Note Purchase Agreement (Interiors Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may Securities will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Securities pursuant to the Transaction Documents is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hyseq Inc), Securities Purchase Agreement (Hyseq Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute (subject to the limitations set forth in the Warrants) regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Viisage Technology Inc), Securities Purchase Agreement (Safescience Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants is unconditional and absolute absolute, subject to the limitations set forth in the Warrants regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Jawz Inc), Securities Purchase Agreement (Jaws Technologies Inc /Ny)

Acknowledgment of Dilution. The Company acknowledges that the -------------------------- issuance of Underlying Shares upon (i) conversion of the Shares and as payment of dividends thereon and (ii) exercise of the Warrants may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation and the Warrants is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Registration Rights Agreement (Fonix Corp), Registration Rights Agreement (Fonix Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying the Warrant Shares upon conversion exercise of the Warrant Shares and as payment of dividends thereon in accordance with its terms may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Warrant Shares upon exercise of the Warrant in accordance with the Certificate of Designation its terms is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Metal Management Inc), Securities Purchase Agreement (Samstock LLC)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon (i) conversion of the Shares Debentures and as payment of dividends interest thereon and (ii) exercise of the Warrants may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Debentures and the Warrants is unconditional and absolute regardless of the effect of any such dilution.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Innovacom Inc), Convertible Debenture Purchase Agreement (Innovacom Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment in accordance with the terms of dividends thereon may the Certificate of Designation, will result in dilution of the outstanding shares of the Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon conversion of the Shares in accordance with the terms of the Certificate of Designation Designation, is unconditional and absolute absolute, subject to the limitations set forth herein, in the Certificate of Designation, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Exchange and Purchase Agreement (Dynagen Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon (i) conversion of the Shares in accordance with the terms of the Certificate of Designation, and as payment (ii) exercise of dividends thereon may the Warrants in accordance with their terms, will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.substantial

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Hearx LTD)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment in accordance with the Certificate of dividends thereon Designation may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue the Underlying Shares upon conversion of the Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Diversified Senior Services Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon the conversion of the Shares and as payment of dividends thereon may Debentures will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon conversion of the Certificate of Designation Debentures is unconditional and absolute absolute, subject to the limitations set forth in the Debentures regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Computer Concepts Corp /De)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon the conversion of the Shares Debentures and as payment the exercise of dividends thereon may the Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation obligations to issue deliver Underlying Shares in accordance with to the Certificate Purchasers upon conversion of Designation the Debentures is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (Phoenix International Industries Inc /Fl/)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Securities (including the Underlying Shares upon conversion of the Shares and as payment of dividends thereon may Shares) will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that subject to obtaining all required shareholder approvals, if any, its obligation to issue the Securities (including the Underlying Shares in accordance with Shares) pursuant to the Certificate of Designation Transaction Documents is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Universal Display Corp \Pa\)

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Acknowledgment of Dilution. The Company acknowledges that the issuance of the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon Warrants may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (K Tel International Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligations under the Transaction Documents, including without limitation its obligation to issue Underlying the Shares in accordance with pursuant to the Certificate of Designation is Transaction Documents, are unconditional and absolute regardless of the effect of any such dilution.and 25

Appears in 1 contract

Samples: Execution Version Securities Purchase Agreement (Pieris Pharmaceuticals, Inc.)

Acknowledgment of Dilution. The Company acknowledges that the -------------------------- issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute absolute, subject to the limitations set forth in the Warrants, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pacific Aerospace & Electronics Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares Exchange Notes and as payment exercise of dividends thereon may the Exchange Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon such conversions and exercises in accordance with the Certificate terms of Designation the Exchange Notes and the Exchange Warrants is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Exchange Agreement (Stockgroup Information Systems Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Palatin Technologies Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Exchange Shares and as payment exercise of dividends thereon may the Exchange Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon such conversions and exercises in accordance with the terms of the Certificate of Designation and the Exchange Warrants is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Exchange Agreement (Cel Sci Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion of the Shares and as payment of dividends thereon may will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligations under this Agreement, including without limitation its obligation to issue Underlying Shares in accordance with the Certificate of Designation is Shares, are unconditional and absolute and not subject to any right of set off, counterclaim, delay or reduction, regardless of the effect of any such dilutiondilution or any claim that the Company may have against any Purchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Earthshell Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment of dividends thereon in accordance with the Certificates of Designation may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon conversion of the Shares and payment of dividends thereon in accordance with the Certificate Certificates of Designation is unconditional and absolute regardless of the effect of any such dilution.. (u)

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Uniview Technologies Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment of dividends thereon Debentures may result in dilution of the outstanding shares of Common Stock, ; which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue the Underlying Shares in accordance with upon conversion of the Certificate of Designation Debentures is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Team Communication Group Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment in accordance with the terms of dividends thereon may the Certificate of Designation, will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares upon conversion of the Shares in accordance with the terms of the Certificate of Designation Designation, is unconditional and absolute absolute, subject to the limitations set forth herein, in the Certificate of Designation, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Dynagen Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon Warrants may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants is unconditional and absolute absolute, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Allou Health & Beauty Care Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute absolute, subject to the limitations set forth in the Warrants, regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lynx Therapeutics Inc)

Acknowledgment of Dilution. The Company acknowledges that the -------------------------- issuance of Underlying Shares upon conversion exercise of the Shares and as payment of dividends thereon may Warrants will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon exercise of the Certificate of Designation Warrants pursuant to the terms thereof is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ebaseone Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of the Underlying Shares upon conversion of the Shares and as payment of dividends thereon may will result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with upon conversion of the Certificate of Designation Shares is unconditional and absolute absolute, subject to the limitations set forth in the Shares regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (GSV Inc)

Acknowledgment of Dilution. The Company is aware and acknowledges that the issuance of Underlying Shares upon conversion of the Put Shares and as payment of dividends thereon Warrant Shares may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying the Warrant Shares in accordance with the Certificate of Designation Warrants is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Registration Rights Agreement (Pharmos Corp)

Acknowledgment of Dilution. The Company acknowledges that the issuance of of, Underlying Shares upon conversion of the Shares and as payment of dividends thereon Notes may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with the Certificate of Designation Notes is unconditional and absolute regardless of the effect of any such dilution.

Appears in 1 contract

Samples: Purchase Agreement (Collegiate Pacific Inc)

Acknowledgment of Dilution. The Company acknowledges that the issuance of Underlying the Common Shares upon conversion of the Shares and as payment of dividends thereon may result in dilution of the outstanding shares of Common Stock, which dilution may be substantial under certain market conditions. The Company further acknowledges that its obligation to issue Underlying Shares in accordance with obligations under the Certificate of Designation is Transaction Documents are unconditional and absolute and not subject to any right of set off, counterclaim, delay or reduction, regardless of the effect of any such dilutiondilution or any claim the Company may have against any Purchaser and regardless of the dilutive effect that such issuance may have on the ownership of the other stockholders of the Company.

Appears in 1 contract

Samples: Purchase Agreement (SANUWAVE Health, Inc.)

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