Common use of Convertible Securities and Option Securities Clause in Contracts

Convertible Securities and Option Securities. If the Company shall issue, sell, distribute or otherwise grant (including by assumption): (i) any stock or other securities convertible into or exchangeable for Common Stock, whether or not the rights to exchange or convert thereunder are immediately exercisable such convertible or exchangeable stock or securities being herein called "Convertible Securities"), or (ii) any rights to subscribe for or to purchase, or any warrants or options for the purchase of, Common Stock or Convertible Securities, whether or not immediately exercisable, other than (A) any Additional Warrants issued pursuant to the Loan Agreement, or (B) Permitted Plan Options (as defined below) (such rights, warrants or options being herein called "Option Securities"),

Convertible Securities and Option Securities. If the Company shall issue, sell, distribute or otherwise grant (including by assumption): (i) any stock or other securities convertible into or exchangeable for Common Stock, whether or not the rights to exchange or convert thereunder are immediately exercisable such convertible or exchangeable stock or securities being herein called "Convertible Securities"), or (ii) any rights to subscribe for or to purchase, or any warrants or options for the purchase of, Common Stock or Convertible Securities, whether or not immediately exercisable, other than (A) any Additional Warrants issued pursuant to the Loan Agreement, or -or (B) Permitted Plan Options (as defined below) (such rights, warrants or options being herein called "Option Securities"),