Common use of Grant of Rights or Options for Convertible Securities Clause in Contracts

Grant of Rights or Options for Convertible Securities. In case the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.2. above, to have been issued or sold for the total amount received or receivable by the Company as consideration for the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options, provided that, upon the expiration of such rights or options, if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Price per share shall forthwith be readjusted and thereafter be the price which it would have been had an adjustment been made upon the basis that the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 7 contracts

Samples: Purchase Agreement (Logimetrics Inc), Common Share Purchase Right (Lasalle Hotel Properties), Common Stock Purchase Warrant (Cramer Rosenthal McGlynn LLC /Adv)

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Grant of Rights or Options for Convertible Securities. In case the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.2. above, to have been issued or sold for the total amount received or receivable by the Company as consideration for the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options, provided that, upon the expiration of such rights or options, if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Price per share shall forthwith be readjusted and thereafter be the price which it would have been had an adjustment been made upon the basis that the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Logimetrics Inc), Common Stock Purchase Warrant (Logimetrics Inc)

Grant of Rights or Options for Convertible Securities. In case the ----------------------------------------------------- Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.2. above, to have been issued or sold for the total amount received or receivable by the Company as consideration for the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options, provided that, upon the expiration of such rights or options, if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Price per share shall forthwith be readjusted and thereafter be the price which it would have been had an adjustment been made upon the basis that the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 2 contracts

Samples: Common Share Purchase Right (Lasalle Hotel Properties), Common Share Purchase Right (Lasalle Hotel Properties)

Grant of Rights or Options for Convertible Securities. In case the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.24.2. above, to have been issued or sold for the total amount received or receivable by the Company as consideration for tor the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options, provided that, upon the expiration of such rights or options, if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Price per share shall forthwith be readjusted and thereafter be the price which it would have been had an adjustment been made upon the basis that the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 1 contract

Samples: Stock Option Agreement (Logimetrics Inc)

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Grant of Rights or Options for Convertible Securities. In case the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.24.2. above, to have been issued or sold for the total amount received or receivable by the Company as consideration for the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options, provided that, upon the expiration of such rights or options, if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Price per share shall forthwith be readjusted and thereafter be the price which it would have been had an adjustment been made upon the basis that the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options and that they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 1 contract

Samples: Stock Option Agreement (Logimetrics Inc)

Grant of Rights or Options for Convertible Securities. In case at any time after the Base Date the Company shall grant any rights or options to subscribe for, purchase or otherwise acquire Convertible Securities other than the Subject Securities, such Convertible Securities shall be deemed, for the purposes of subparagraph 3.2. abovesubsection 8.4.2, to have been issued or and sold for the total amount received or receivable by the Company as consideration for the granting of such rights or options plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the exercise of such rights or options; provided that if such rights or options shall by their terms provide for a change or changes (upwards or downwards), with the passage of time or otherwise, in the amount of additional consideration payable to the Company upon the exercise thereof, the Exercise Price shall, forthwith upon any such change becoming effective, be readjusted (but to no greater extent than originally adjusted, in the case of an increase in the additional consideration) to reflect the same; and provided that, further that upon the expiration of such rights or options, options if any thereof shall not have been exercised, the Pro Forma Adjusted Trigger Exercise Price per share shall forthwith be readjusted (but to no greater extent than originally adjusted, in the case of an increase in the additional consideration), and thereafter be the price which it would have been had an adjustment been made upon the basis that (i) the only Convertible Securities so issued or sold were those issued or sold upon the exercise of such rights or options options, and that (ii) they were issued or sold for the consideration actually received by the Company upon such exercise, plus the consideration, if any, actually received by the Company for the granting of all such rights or options, whether or not exercised.

Appears in 1 contract

Samples: Note Purchase Agreement (Conserver Corp of America)

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