Common use of Adjustments for Issuance of Additional Shares of Common Stock Clause in Contracts

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Company shall, at any time within one (1) year following the Issuance Date (the “Full Ratchet Period”), issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration (the “New Conversion Price”), then the Conversion Price upon each such issuance shall be reduced to an amount equal to such New Conversion Price.

Appears in 6 contracts

Samples: Juma Technology Corp., Juma Technology Corp., Juma Technology Corp.

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Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Company shall, at any time within one two (12) year years following the Issuance Date (the "Full Ratchet Period"), the Company shall issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration (the "New Conversion Price"), then the Conversion Price upon each such issuance shall be reduced to an amount equal to such New Conversion Price.

Appears in 1 contract

Samples: Stock Purchase Agreement (Total Luxury Group Inc)

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Company shall, at any time within one (1) year following the Issuance Date (the “Full Ratchet Period”), the Company shall issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration (the “New Conversion Price”), then the Conversion Price upon each such issuance shall be reduced to an amount equal to such New Conversion Price.

Appears in 1 contract

Samples: Security Agreement (Juma Technology Corp.)

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Company shall, Issuer shall at any time within one two (12) year years following the Issuance Date (the “Full Ratchet Period”), the Maker shall issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration (the “New Conversion Price”), then the Conversion Price upon each such issuance shall be reduced to an amount equal to such New Conversion Price.

Appears in 1 contract

Samples: Juma Technology Corp.

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Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Company shall, at any time within one (1) year following the Issuance Date (the Full Ratchet PeriodPeriod ”), issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (Additional Shares of Common StockStock ”), at a price per share less than the Conversion Price then in effect or without consideration (the New Conversion PricePrice ”), then the Conversion Price upon each such issuance shall be reduced to an amount equal to such New Conversion Price.

Appears in 1 contract

Samples: Juma Technology Corp.

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