Common use of Issuances Without Consideration Pursuant to Existing Securities Clause in Contracts

Issuances Without Consideration Pursuant to Existing Securities. If the Company issues (or becomes obligated to issue) shares of Common Stock pursuant to any anti-dilution or similar adjustments (other than as a result of stock splits, stock dividends and the like) contained in any Convertible Securities or Purchase Rights outstanding as of the date hereof, then all shares of Common Stock so issued shall be deemed to have been issued for no consideration.

Appears in 14 contracts

Samples: Champions Oncology, Inc., Champions Oncology, Inc., Verso Technologies Inc

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Issuances Without Consideration Pursuant to Existing Securities. If the Company issues (or becomes obligated to issue) shares of Common Stock pursuant to any anti-dilution or similar adjustments (other than as a result of stock splits, stock dividends and the like) contained in any Convertible Securities or Purchase Rights Common Stock Equivalents outstanding as of the date hereof, then all shares of Common Stock so issued shall be deemed to have been issued for no consideration.

Appears in 7 contracts

Samples: Andover Medical, Inc., Andover Medical, Inc., MediaMorph Inc

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