Common use of Issuance of Other Securities With Variable Conversion Price Clause in Contracts

Issuance of Other Securities With Variable Conversion Price. If, at any time after the Closing Date, the Corporation shall issue any securities which are convertible into or exchangeable for Common Stock ("CONVERTIBLE SECURITIES") at a conversion or exchange rate based on a discount to the market price of the Common Stock at the time of conversion or exercise, then the Exercise

Appears in 1 contract

Samples: Warrant Agreement (Robotic Vision Systems Inc)

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Issuance of Other Securities With Variable Conversion Price. If, at any time after the First Closing Date, the Corporation shall issue any securities which are convertible into or exchangeable for Common Stock ("CONVERTIBLE SECURITIESConvertible Securities") at a conversion or exchange rate based on a discount to the market price of the Common Stock at the time of conversion or exercise, then the ExerciseExercise Percentage in respect of any exercise of any portion of this Warrant after such issuance shall be calculated utilizing the higher of the greatest discount applicable to any such Convertible Securities and the difference between one hundred percent (100%) and the Exercise Percentage then in effect.

Appears in 1 contract

Samples: Warrant Agreement (Netplex Group Inc)

Issuance of Other Securities With Variable Conversion Price. If, at any time after the Closing Date, the Corporation shall issue any securities which are convertible into or exchangeable for Common Stock ("CONVERTIBLE SECURITIES") at a conversion or exchange rate based on a discount to the market price of the Common Stock at the time of conversion or exercise, then the ExerciseExercise Percentage in respect of any exercise of any portion of this Warrant after such issuance shall be the lesser of (i) one minus the greatest discount applicable to any such Convertible Securities and (ii) the Exercise Percentage then in effect.

Appears in 1 contract

Samples: Warrant Agreement (Robotic Vision Systems Inc)

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Issuance of Other Securities With Variable Conversion Price. If, at any time after the Closing Date, the Corporation shall issue any securities which are convertible into or exchangeable for Common Stock ("CONVERTIBLE SECURITIESConvertible Securities") at a conversion or exchange rate based on a discount to the market price of the Common Stock at the time of conversion or exercise, then the ExerciseExercise Percentage in respect of any exercise of any portion of this Warrant after such issuance shall be the greater of (i) the greatest discount applicable to any such Convertible Securities and (ii) the Exercise Percentage then in effect.

Appears in 1 contract

Samples: Warrant Agreement (Netplex Group Inc)

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