Common use of Determination of Number and Class of Warrant Shares Clause in Contracts

Determination of Number and Class of Warrant Shares. (A) In the event that the holder exercises this Warrant after a Qualified Series D Investment, then this Warrant shall be exercisable for Series D Preferred Stock. (B) Notwithstanding Section 1(e)(ii)(A) above, in the event that the holder exercises this Warrant after a Qualified Series D Investment, but all (and not less than all) of the Company's Series D Preferred Stock has then been redeemed or converted into shares of the Company's Common Stock in accordance with the Company's Certificate of Incorporation, then this Warrant shall be exercisable for that number of shares of the Company's Common Stock equal to the number of shares of the Common Stock that would have been received if this Warrant had been exercised in full and the Series D Preferred Stock received thereupon had been converted immediately prior to such event, and the Exercise

Appears in 9 contracts

Samples: Warrant Agreement (World Commerce Online Inc), Warrant Agreement (World Commerce Online Inc), Warrant Agreement (World Commerce Online Inc)

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Determination of Number and Class of Warrant Shares. (A) In the event that the holder exercises this Warrant after a Qualified Series D Investment, then this Warrant shall be exercisable for Series D Preferred Stock. (B) Notwithstanding Section 1(e)(ii)(A) above, in the event that the holder exercises this Warrant after a Qualified Series D Investment, but all (and not less than all) of the Company's Series D Preferred Stock has then been redeemed or converted into shares of the Company's Common Stock in accordance with the Company's Certificate of Incorporation, then this Warrant shall be exercisable for that number of shares of the Company's Common Stock equal to the number of shares of the Common Stock that would have been received if this Warrant had been exercised in full and the Series D Preferred Stock received thereupon had been converted immediately prior to such event, and the ExerciseExercise Price shall be adjusted to equal the quotient obtained by dividing (x) the aggregate Exercise Price of the maximum number of shares of Series D Preferred Stock for

Appears in 9 contracts

Samples: Warrant Agreement (World Commerce Online Inc), Warrant Agreement (World Commerce Online Inc), Warrant Agreement (World Commerce Online Inc)

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