Common use of Adjustment of Exercise Price upon Issuance of Common Stock Clause in Contracts

Adjustment of Exercise Price upon Issuance of Common Stock. If at any time while this Warrant is outstanding the Company issues or sells, or is deemed to have issued or sold, any shares of Common Stock (other than any Excluded Securities) for a consideration per share less than the lower of the Per Share Market Value on the Trading Day immediately prior to the date of issuance or sale and (y) the Exercise Price (such lesser price, the "Threshold Price"), the Exercise Price then in effect shall be reduced to an amount equal to the consideration per share of Common Stock of such issuance or

Appears in 1 contract

Samples: Boston Life Sciences Inc /De

AutoNDA by SimpleDocs

Adjustment of Exercise Price upon Issuance of Common Stock. If at any time while this Warrant is outstanding and whenever after the date hereof the Company issues shall issue or sellssell, or is is, in accordance with the provisions of this Subsection 7(b), deemed to have issued or sold, any shares of its Common Stock (other than any Excluded Securities) for a consideration per share less than the lower of the Per Share Market Value on the Trading Day Exercise Price in effect immediately prior to the date time of issuance such issue or sale and (y) the Exercise Price (sale, then, forthwith upon such lesser price, the "Threshold Price")issue or sale, the Exercise Price then in effect shall be reduced to an amount equal to the consideration price per share of Common Stock of at which such issuance orshares are deemed to have been issued or sold.

Appears in 1 contract

Samples: Bev Tyme Inc

Adjustment of Exercise Price upon Issuance of Common Stock. (a) If at any time while this Warrant is outstanding and whenever after the date hereof the Company issues shall issue or sells, or is deemed to have issued or sold, any shares sell Additional Shares of Common Stock (other than any Excluded Securities) without consideration or for a consideration per share less than the lower of the Per Share Current Market Value on the Trading Day immediately prior to the date of issuance Price or sale and (y) the Exercise Price (such lesser price, the "Threshold Price"), the Exercise Price then in effect immediately prior to the issuance or sale of such shares, then the Exercise Price in effect immediately prior to such issuance or sale of such shares shall be reduced to an amount equal to the consideration per share of Common Stock of such issuance ora number which shall be calculated by dividing,

Appears in 1 contract

Samples: Integrated Information Systems Inc

Adjustment of Exercise Price upon Issuance of Common Stock. (a) (i) If at any time while this Warrant is outstanding and whenever after the date hereof the Company issues shall issue or sells, or is deemed to have issued or sold, sell any shares of Common Stock (other than any Excluded Securities) for no consideration or for a consideration per share less than the lower of the Per Share Market Value on the Trading Day immediately prior to the date of issuance Exercise Price, then, forthwith upon such issue or sale and (y) the Exercise Price (such lesser price, the "Threshold Price")sale, the Exercise Price then in effect shall be reduced (but not increased, except as otherwise specifically provided in Section 3.2 hereof), to the price (calculated to the nearest one-ten thousandth of a cent) determined by dividing (x) an amount equal to the consideration per share sum of (i) the aggregate number of shares of Common Stock of such issuance orStock

Appears in 1 contract

Samples: Intelect Communications Systems LTD

AutoNDA by SimpleDocs

Adjustment of Exercise Price upon Issuance of Common Stock. (x) If at and whenever after the date hereof the Corporation shall issue or sell any time while this Warrant is outstanding the Company issues or sells, or is deemed to have issued or sold, any shares of Common Stock (other than any Excluded Securities) for no consideration or for a consideration per share less than the lower of the Per Share Market Value on the Trading Day immediately prior to the date of issuance Exercise Price, then, forthwith upon such issue or sale and (y) the Exercise Price (such lesser price, the "Threshold Price")sale, the Exercise Price then in effect shall be reduced to an amount equal (but not increased, except as otherwise specifically provided in Paragraph 5(a) hereof), to the consideration lower price per share (calculated to the nearest one-ten thousandth of Common Stock of such issuance ora cent) but in any event not less than $0.001 per share.

Appears in 1 contract

Samples: Stock Option Agreement (Digital Imaging Resources Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.