Common use of Change in Option Price or Conversion Rate Clause in Contracts

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 6 contracts

Samples: Warrant Agreement (Omni Energy Services Corp), Warrant Agreement (Singing Machine Co Inc), Warrant Agreement (Omni Energy Services Corp)

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Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common StockStock (in each such case, other than under or by reason of provisions designed to protect against dilution), then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 4 contracts

Samples: Warrant Agreement (Ener1 Inc), Warrant Agreement (Ener1 Inc), Warrant Agreement (Raptor Networks Technology Inc)

Change in Option Price or Conversion Rate. If there is a -------------------------------------------- change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Warrant Agreement (Citadel Security Software Inc), Warrant Agreement (Citadel Security Software Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Securities Agreement (Diomed Holdings Inc), Security Agreement (Diomed Holdings Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (xa) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yb) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (zc) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 2 contracts

Samples: Warrant Agreement (Network Commerce Inc), Securities Purchase Agreement (Cambridge Heart Inc)

Change in Option Price or Conversion Rate. If ----------------------------------------- there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common StockStock (in each such case, other than under or by reason of provisions designed to protect against dilution), then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Warrant Agreement (Raptor Networks Technology Inc), Warrant Agreement (Raptor Networks Technology Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B4(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Warrant Agreement (Omni Energy Services Corp), Warrant Agreement (Omni Energy Services Corp)

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Change in Option Price or Conversion Rate. If there is a change at any time in (xA) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yB) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (zC) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 1 contract

Samples: Warrant Agreement (Waverider Communications Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveof this Warrant; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lipid Sciences Inc/)

Change in Option Price or Conversion Rate. If there is a change at any time in (xi) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yii) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (ziii) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 1 contract

Samples: Warrant Agreement (Virologic Inc)

Change in Option Price or Conversion Rate. If there is a ----------------------------------------- change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 1 contract

Samples: Warrant Agreement (Citadel Security Software Inc)

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