Conversion and Warrant Exercise Limits Clause Samples

Conversion and Warrant Exercise Limits. (a) If the number of Issuable Shares issuable upon conversion of all the Preferred Shares and exercise of all the Preferred Warrants sold in the Offering requires the Company to obtain the Required Approval (defined below), then until such Required Approval is obtained by the Company, the Subscriber agrees to convert Preferred Shares and exercise Preferred Warrants for only that aggregate number of Issuable Shares that would, together with all conversions of Preferred Shares and exercises of Preferred Warrants by direct and indirect transferees of the Subscriber, result in an issuance of no more Issuable Shares than the Per Subscriber Limit (defined below).