Common use of Dilution in Case of Other Securities Clause in Contracts

Dilution in Case of Other Securities. In case any Other Securities ------------------------------------- shall be issued or sold, or shall become subject to issue upon the conversion or exchange of any stock (or Other Securities) of the Company (or any other issuer of Other Securities or any other Person referred to in Section 3.08) or to subscription, purchase or other acquisition pursuant to any rights or options granted by the Company (or such other issuer or Person), for a consideration per share so as to dilute the conversion rights evidenced by the Note, the computations, adjustments and readjustments provided for in Sections 3.03 and 3.04 with respect to the Applicable Principal Conversion Value shall be made as nearly as possible in the manner so provided and applied to determine the amount of Other Securities from time to time receivable on the conversion of the Note, so as to protect the holders of the Note against the effect of such dilution.

Appears in 4 contracts

Samples: Subordinated Convertible Note Purchase Agreement (Photoelectron Corp), Convertible Note Purchase Agreement (Photoelectron Corp), Convertible Note and Warrant Purchase Agreement (Photoelectron Corp)

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Dilution in Case of Other Securities. In case any Other ------------------------------------- Securities ------------------------------------- shall be issued or sold, or shall become subject to issue upon the conversion or exchange of any stock (or Other Securities) of the Company (or any other issuer of Other Securities or any other Person referred to in Section 3.08) or to subscription, purchase or other acquisition pursuant to any rights or options granted by the Company (or such other issuer or Person), for a consideration per share so as to dilute the conversion rights evidenced by the NoteNotes, the computations, adjustments and readjustments provided for in Sections Section 3.03 and 3.04 with respect to the Applicable Principal Conversion Value shall be made as nearly as possible in the manner so provided and applied to determine the amount of Other Securities from time to time receivable on the conversion of the NoteNotes, so as to protect the holders of the Note Notes against the effect of such dilution.

Appears in 1 contract

Samples: Subordinated Convertible Note Purchase Agreement (Photoelectron Corp)

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Dilution in Case of Other Securities. In case any Other ------------------------------------ Securities ------------------------------------- shall be issued or sold, or shall become subject to issue upon the conversion or exchange of any stock (or Other Securities) of the Company (or any other issuer of Other Securities or any other Person referred to in Section 3.08) or to subscription, purchase or other acquisition pursuant to any rights or options granted by the Company (or such other issuer or Person), for a consideration per share so as to dilute the conversion rights evidenced by the NoteNotes, the computations, adjustments and readjustments provided for in Sections Section 3.03 and 3.04 with respect to the Applicable Principal Conversion Value shall be made as nearly as possible in the manner so provided and applied to determine the amount of Other Securities from time to time receivable on the conversion of the NoteNotes, so as to protect the holders of the Note Notes against the effect of such dilution.

Appears in 1 contract

Samples: Subordinated Convertible Note Purchase Agreement (Photoelectron Corp)

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