Adjustments and Distributions. 3.1 If the Corporation shall, while this Warrant is outstanding, issue or sell shares of its Common Stock or “Common Stock Equivalents” (as defined below) without consideration or at a price per share or “Net Consideration Per Share” (as defined below) less than the Warrant Price in effect immediately prior to such issuance or sale, then in each such case the Warrant Price then in effect at such time, except as hereinafter provided, shall be lowered so as to be equal to the Net Consideration Per Share.
Appears in 3 contracts
Samples: Warrant Agreement (Warp Technology Holdings Inc), Warrant Agreement (Warp Technology Holdings Inc), Warrant Agreement (Halo Technology Holdings, Inc.)
Adjustments and Distributions. 3.1 If the Corporation shall, while this Warrant is outstanding, issue or sell shares of its Common Stock or “"Common Stock Equivalents” " (as defined below) without consideration or at a price per share or “"Net Consideration Per Share” " (as defined below) less than the Warrant Price in effect immediately prior to such issuance or sale, then in each such case the Warrant Price then in effect at such time, except as hereinafter provided, shall be lowered so as to be equal to the Net Consideration Per Share.
Appears in 2 contracts
Samples: Warrant Agreement (Warp Technology Holdings Inc), Warrant Agreement (Warp Technology Holdings Inc)
