Common use of Effect of Adjustment of the Conversion Prices Clause in Contracts

Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) shall be adjusted as follows: (1) the number of shares of OII Common Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $30,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $540,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

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Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock by which OptiMark's right to reacquire shall decrease pursuant to Section 3.5(a)(ii) OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) 3.5(a)(i), as applicable, shall be adjusted as follows: (1) the number of shares of OII Common Stock by which OptiMark's right to be delivered to Softbank reacquire shall decrease pursuant to Section 3.5(a3.5(a)(ii) shall be equal to US $30,000 50,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a3.5(a)(i) shall be equal to US $540,000 890,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock by which OptiMark's right to reacquire shall decrease pursuant to Section 3.5(a)(ii) OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) 3.5(a)(i), as applicable, shall be adjusted as follows: (1) the number of shares of OII Common Stock by which OptiMark's right to be delivered to Softbank reacquire shall decrease pursuant to Section 3.5(a3.5(a)(ii) shall be equal to US $30,000 50,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends ; and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a3.5(a)(i) shall be equal to US $540,000 890,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) shall be adjusted as follows: (1) the number of shares of OII Common Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $30,000 20,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $540,000 480,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

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Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a) shall be adjusted as follows: (1) the number of shares of OII Common Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $30,000 70,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a) shall be equal to US $540,000 1,580,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

Effect of Adjustment of the Conversion Prices. In the event that either the OII Common Stock Conversion Price or the OII Preferred Stock Conversion Price is adjusted pursuant to Section 3.5(d)(iii) or Section 3.5(d)(iv), respectively, the number of shares of OII Common Stock or OII Preferred Stock that OptiMark shall be required to cause OptiMark, Inc. deliver to Softbank on the Maturity Date pursuant to Section 3.5(a3.5(a)(i) shall be adjusted as follows: (1) the number of shares of OII Common Stock to be delivered to Softbank pursuant to Section 3.5(a3.5(a)(i) shall be equal to US $30,000 divided by the OII Common Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Common Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events); and (2) the number of shares of OII Preferred Stock to be delivered to Softbank pursuant to Section 3.5(a3.5(a)(i) shall be equal to US $540,000 720,000 divided by the OII Preferred Stock Conversion Price in effect on the Maturity Date, provided, however, in no event shall OptiMark be required to cause OptiMark, Inc. to deliver to Softbank more shares of OII Preferred Stock than are owned by OptiMark, Inc. on the Closing Date (subject to adjustment for stock splits, reverse splits, stock dividends and similar events).

Appears in 1 contract

Samples: Loan Agreement (Optimark Holdings Inc)

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