Effect on Conversion Price of Certain Events Sample Clauses

Effect on Conversion Price of Certain Events. For purposes of determining the applicable Conversion Price under Section 5, the following shall be applicable:
AutoNDA by SimpleDocs
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under Section 9.3, the following shall be applicable:
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under subparagraph (i) of this paragraph (e), the following will be applicable:
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under this Section 3, the following shall be applicable: i. If the Corporation in any manner issues or grants any options, warrants, or similar rights (“Options”) to purchase or acquire Common Stock or other equity securities convertible or exchangeable, with or without consideration, into or for Common Stock (“Convertible Securities”), and the price per share for which Common Stock is issuable upon the exercise of such Options or upon conversion or exchange of such Convertible Securities is less than the Conversion Price in effect immediately prior to the time of the granting of such Options, then the total maximum number of shares of Common Stock issuable upon the exercise of such Options or upon conversion or exchange of the total maximum amount of such Convertible Securities issuable upon the exercise of such Options shall be deemed to be outstanding and to have been issued and sold by the Corporation for such price per share. For purposes of this Section, the “price per share for which Common Stock is issuable” shall be determined by dividing (a) the total amount, if any, received or receivable by the Corporation as consideration for the granting of such Options, plus the minimum aggregate amount of additional consideration payable to the Corporation upon exercise of all such Options, plus, in the case of such Options which relate to Convertible Securities, the minimum aggregate amount of additional consideration, if any, payable to the Corporation upon the issuance or sale of such Convertible Securities and the conversion or exchange of such Convertible Securities, by (b) the total maximum number of shares of Common Stock issuable upon the exercise of such Options or upon the conversion or exchange of all such Convertible Securities issuable upon the exercise of such Options. No further adjustment of the Conversion Price shall be made when Convertible Securities are actually issued upon the exercise of such Options or when Common Stock is actually issued upon the exercise of such Options or the conversion or exchange of such Convertible Securities. ii. If the Corporation in any manner issues or sells any Convertible Securities and the price per share for which Common Stock is issuable upon such conversion or exchange is less than the Conversion Price in effect immediately prior to the time of such issue or sale, then the maximum number of shares of Common Stock issuable upon conversion or exch...
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under Section 9(a), the following shall be applicable:
Effect on Conversion Price of Certain Events. For purposes --------------------------------------------- of determining the adjusted Conversion Price under Sections 5.01(a) and 5.01(b), the following shall be applicable:
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under Section 5(b) and only if an adjustment to the Conversion Price is required under Section 5(b), the following will be applicable:
AutoNDA by SimpleDocs
Effect on Conversion Price of Certain Events. In order to prevent dilution of the conversion rights granted under this Section 15, in addition to the adjustments provided for in Section 15.4, the Conversion Rate shall be subject to adjustment from time to time pursuant to this Section 15.5 as follows; provided, however, that no adjustments shall be made under this Section 15.5 with respect to any issuance of securities or other event that requires an adjustment of the Conversion Rate under Section 15.4. (1) If and whenever on or after the Closing Date the Company issues or sells, or in accordance with this Section 15.5 is deemed to have issued or sold, other than in an Excluded Issuance, any share of Common Stock for a consideration per share less than the Trigger Price in effect immediately prior to such time (a "Dilutive Event"), then forthwith upon such issue or sale in the Dilutive Event the Conversion Rate shall be increased by dividing the Conversion Rate in effect immediately before the Dilutive Event by a fraction, the numerator of which is the number of shares of Common Stock that are Outstanding on an As-Converted Basis (as defined below) immediately before the Dilutive Event plus the number of shares of Common Stock that could be purchased at the Trigger Price at the time of the Dilutive Event for the aggregate consideration paid or payable upon the sale or issuance of Common Stock in the Dilutive Event, and the denominator of which is the number of shares of Common Stock that are Outstanding on an As-Converted Basis immediately before the Dilutive Event plus the number of shares that are acquired or to be acquired
Effect on Conversion Price of Certain Events. For purposes of determining the Series A Conversion Price under Section 7, the following shall be applicable:
Effect on Conversion Price of Certain Events. For purposes of determining the adjusted Conversion Price under Section 2A, the following shall be applicable during the Exercise Period:
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!