Common use of Conversion or Redemption of Warrant Stock Clause in Contracts

Conversion or Redemption of Warrant Stock. If at the time of any exercise of this Warrant there are no other shares of shares of Warrant Stock that would otherwise be receivable upon exercise of this Warrant (such shares having been converted or redeemed), this Warrant shall be exercisable for Common Stock in the same amounts, for the same prices and on the same terms, as though the Warrant had been exercised for shares of the Warrant Stock and immediately converted into shares of Common Stock.

Appears in 4 contracts

Samples: Preferred Stock Purchase Warrant (Aldagen Inc), Preferred Stock Purchase Warrant (Aldagen Inc), Aldagen Inc

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Conversion or Redemption of Warrant Stock. If at the time of any exercise of this Warrant there are no other shares of shares of Warrant Stock that would otherwise be receivable upon exercise of this Warrant outstanding (such shares having been converted or redeemed), this Warrant shall be exercisable for Common Stock instead of Warrant Stock in the same amounts, for the same prices and on the same terms, as though the and all references herein to "Warrant had been exercised for shares of the Warrant Stock and immediately converted into shares of Stock" shall be changed to refer to "Common Stock."

Appears in 3 contracts

Samples: Marketing and Distribution Agreement (Buildnet Inc), Preferred Stock Purchase Warrant Agreement (Buildnet Inc), Buildnet Inc

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Conversion or Redemption of Warrant Stock. If at the time of any exercise of this Warrant there are no other shares of shares of Warrant Stock that would otherwise be receivable upon exercise of this Warrant (such shares having been converted or redeemed), this Warrant shall be exercisable for Common Stock in the same amounts, for the same prices and on the same terms, as though the Warrant had been exercised for shares of the Warrant Stock and immediately converted into shares of Common StockStock at the conversion ratio for the Warrant Stock then in effect.

Appears in 1 contract

Samples: PhaseBio Pharmaceuticals Inc

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