Common use of Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock Clause in Contracts

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the Original Issue Date issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) above), without consideration or for a consideration per share less than the Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) calculated as follows:

Appears in 12 contracts

Samples: Nextera Enterprises Inc, Nextera Enterprises Inc, Nextera Enterprises Inc

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Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time Company, after the Original Issue Date Date, shall issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) above), without consideration or for a consideration per share less than the then-applicable Exercise Price in effect on the date of and immediately prior to such issuePrice, then and in such event, such Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) calculated as follows:determined by

Appears in 4 contracts

Samples: Warrant Agreement (Immune Response Corp), Warrant Agreement (Immune Response Corp), Warrant Agreement (Immune Response Corp)

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the Original Issue Date issuance of this Warrant issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) aboveSection 5.1), without consideration or for a consideration per share less than the applicable Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such the Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) calculated as followsdetermined in accordance with the following formula:

Appears in 3 contracts

Samples: Stockholders Agreement (General Devices Inc), General Devices Inc, General Devices Inc

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the Original Warrant Issue Date shall issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) aboveSection 8(c)(iii)), without consideration or for a consideration per share less than the Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) calculated as follows:Fair Market Value

Appears in 1 contract

Samples: Stock Purchase Warrant (Galaxy Foods Co)

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the Original Warrant Issue Date shall issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) aboveSection 7(c)(iii)), without consideration or for a consideration per share less than the Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such the Exercise Price shall be reduced, concurrently with such issue, reduced to a price (calculated to the nearest cent) calculated as follows:determined by multiplying the then current Exercise Price by a fraction the numerator of which shall be the sum of

Appears in 1 contract

Samples: Debenture Purchase Agreement (Berger Holdings LTD)

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Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company shall at any time after the Series C Warrant Original Issue Date issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) aboveSubsection 9.2(c)), without consideration or for a consideration per share less than the applicable Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) calculated as follows:equal to the issue price of such Additional Shares.

Appears in 1 contract

Samples: Preferred Stock Warrant Agreement (Baycorp Holdings LTD)

Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event If the Company shall at any time after the Original Issue Date issue issues Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to paragraph (c) above)Stock, as defined below, without consideration or for a consideration per share less than a price (the “Applicable Price”) equal to the Exercise Price in effect on the date of and immediately prior to such issueissuance, then and in immediately after such event, such issuance the Exercise Price then in effect shall be reducedreduced to an amount equal to such consideration per share, concurrently with such issue, to a price (calculated to provided that in no event shall the nearest cent) calculated as follows:Exercise Price be reduced below $0.

Appears in 1 contract

Samples: Form of Securities Purchase Agreement (Invivo Therapeutics Holdings Corp.)

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