Adjustment of Price Upon Issuance of Common Stock. If prior to December 31, 2002, the Company shall issue or sell (or, in accordance with Section 3(b), shall be deemed to have issued and sold) any shares of Common Stock for a consideration per share (the "Issuance Price") less than the Exercise Price in effect immediately prior to such issue or sale, then, upon such issue or sale, the Exercise Price shall be reduced to an amount equal to the Issuance Price. For purposes of this Section 3(a) any issuance or sale (or deemed issuance and sale) for no consideration shall be deemed to be an issue or sale at an Issuance Price or $.01.
Appears in 4 contracts
Samples: Common Stock Purchase Warrant (Softbank Technology Ventures Iv Lp), Common Stock Purchase Warrant (Softbank Technology Ventures Iv Lp), Common Stock Purchase Warrant (Softbank Technology Ventures Iv Lp)
Adjustment of Price Upon Issuance of Common Stock. If ------------------------------------------------- prior to December 31, 2002, the Company shall issue or sell (or, in accordance with Section 3(b), shall be deemed to have issued and sold) any shares of Common Stock for a consideration per share (the "Issuance Price") less than the Exercise Price in effect immediately prior to such issue or sale, then, upon such issue or sale, the Exercise Price shall be reduced to an amount equal to the Issuance Price. For purposes of this Section 3(a) any issuance or sale (or deemed issuance and sale) for no consideration shall be deemed to be an issue or sale at an Issuance Price or $.01.
Appears in 1 contract
Samples: Warrant Agreement (Interliant Inc)
