Common use of Issuance of Warrants or Other Rights Clause in Contracts

Issuance of Warrants or Other Rights. If at any time prior to the Consummation of a Qualifying IPO (i) the Company shall in any manner (whether directly or by assumption in a merger in which the Company is the surviving corporation) issue or sell any warrants or other rights to subscribe for or purchase any Additional Common Stock or any securities convertible into Common Stock, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the consideration received for such warrants or other rights or such convertible securities shall be less than the Warrant Price in effect immediately prior to the time of such issue or sale, then the Warrant Price shall be adjusted as provided in Section 6.1(d). No further adjustments of the Warrant Price shall be made upon the actual issue of such Common Stock or of such convertible securities upon exercise of such warrants or other rights or upon the actual issue of such Common Stock upon such conversion or exchange of such convertible securities.

Appears in 3 contracts

Samples: Warrant Agreement (Thurman International Ltd.), Warrant Agreement (Paragon Shipping Inc.), Warrant Agreement (Paragon Shipping Inc.)

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Issuance of Warrants or Other Rights. If at any time prior to the Consummation of a Qualifying IPO (i) the Company Corporation shall in any manner (whether directly or by assumption in a merger in which the Company Corporation is the surviving corporation) issue or sell any warrants or other rights to subscribe for or purchase any Additional Common Shares of Stock or any securities convertible into Common StockConvertible Securities, whether or not the rights to exchange or convert thereunder are immediately exercisable, and the consideration received for such warrants or other rights or such convertible securities Convertible Securities shall be less than the Warrant Conversion Price in effect immediately prior to the time of such issue or sale, then the Warrant Conversion Price shall be adjusted as provided in Section 6.1(d5(d)(ii). No further adjustments of the Warrant Conversion Price shall be made upon the actual issue of such Common Stock or of such convertible securities Convertible Securities, upon exercise of such warrants or other rights or upon the actual issue of such Common Stock upon such conversion or exchange of such convertible securitiesConvertible Securities.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hudson Technologies Inc /Ny)

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