Common use of Additional Notes; Variable Securities; Dilutive Issuances Clause in Contracts

Additional Notes; Variable Securities; Dilutive Issuances. For so long as any Notes remain outstanding, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Evergreen Energy Inc)

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Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Securities, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes or Warrants remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable.

Appears in 1 contract

Samples: Securities Purchase Agreement (SouthPeak Interactive CORP)

Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Securities, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes or Warrants remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Initial Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable.

Appears in 1 contract

Samples: Securities Purchase Agreement (SouthPeak Interactive CORP)

Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Notes, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Advanced Cannabis Solutions, Inc.)

Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Notes, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable. For so long as any Notes are outstanding, neither the Company nor any of it Subsidiaries shall incur any Indebtedness, other than in accordance with the provisions of the Notes.

Appears in 1 contract

Samples: Securities Purchase Agreement (Liquidmetal Technologies Inc)

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Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Securities, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, Stock (including by way of one or more reset(s) to any fixed price price, but not including through operation of customary anti-dilution provisions; provided that such anti-dilution provisions are no more favorable to the beneficiary thereof than those of the Buyers as set forth in the Notes) unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible convertible. For so long as any Notes remain outstanding the Company shall not, in any manner, enter into or the then applicable Exercise Price affect any Dilutive Issuances (as defined in the WarrantsNotes) with respect to if as a result of such Dilutive Issuance the Common Stock into which any Warrant is exercisablenumber of Conversion Shares issuable upon conversion of the Notes, but for the Exchange Cap or the Floor Price (each as defined in the Notes), would exceed the Exchange Cap.

Appears in 1 contract

Samples: Securities Purchase Agreement (International Assets Holding Corp)

Additional Notes; Variable Securities; Dilutive Issuances. For so So long as any Notes remain outstandingBuyer beneficially owns any Securities, the Company will not issue any notes ranked senior to, or pari passu with, the Notes other than to the Buyers as contemplated hereby and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes or Warrants remain outstanding, the Company shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes) with respect to the Common Stock into which any Note is convertible or the then applicable Exercise Price (as defined in the Warrants) with respect to the Common Stock into which any Warrant is exercisable.. For long as

Appears in 1 contract

Samples: Securities Purchase Agreement (Stinger Systems, Inc)

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