Common use of Anti-Dilution Protection Clause in Contracts

Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 Commitment Shares represent 4.60% of the 4.99% Share Amount (9,194,726 ÷ 199,885,350 = 4.60%).

Appears in 3 contracts

Samples: Securities Purchase Agreement (Code Green Apparel Corp), Securities Purchase Agreement (Code Green Apparel Corp), Securities Purchase Agreement (Code Green Apparel Corp)

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Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 4,597,363 Commitment Shares represent 4.602.30% of the 4.99% Share Amount (9,194,726 4,597,363 ÷ 199,885,350 = 4.602.30%).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Code Green Apparel Corp), Securities Purchase Agreement (Code Green Apparel Corp)

Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 11,493,408 Commitment Shares represent 4.605.75% of the 4.99% Share Amount (9,194,726 11,493,408 ÷ 199,885,350 = 4.605.75%).

Appears in 1 contract

Samples: Securities Purchase Agreement (Code Green Apparel Corp)

Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 10,573,935 Commitment Shares represent 4.605.29% of the 4.99% Share Amount (9,194,726 10,573,935 ÷ 199,885,350 = 4.605.29%).

Appears in 1 contract

Samples: Securities Purchase Agreement (Code Green Apparel Corp)

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Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 7,815,517 Commitment Shares represent 4.603.91% of the 4.99% Share Amount (9,194,726 7,815,517 ÷ 199,885,350 = 4.603.91%).

Appears in 1 contract

Samples: Securities Purchase Agreement (Code Green Apparel Corp)

Anti-Dilution Protection. For so long as there remains any amount due and owing under this Note (the “AntiDilution Period”), the Commitment Shares issued to the Buyer hereunder shall have the anti-dilution rights (the “Anti-Dilution Rights”) described in this paragraph, such that the Company would be required to issue, from time to time, True-up Shares (defined below) to the Buyer. The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock). The 9,194,726 16,090,771 Commitment Shares represent 4.608.05% of the 4.99% Share Amount (9,194,726 16,090,771 ÷ 199,885,350 = 4.608.05%).

Appears in 1 contract

Samples: Securities Purchase Agreement (Code Green Apparel Corp)

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