Common use of Limitation on Conversion Clause in Contracts

Limitation on Conversion. In the event that any Holder elects to convert shares of Series A Preferred Stock into Conversion Shares pursuant to Section 6(a), the number of shares of Common Stock into which the shares of Series A Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 2 contracts

Samples: 3(a)(9) Exchange Agreement (Cullinan Oncology, Inc.), 3(a)(9) Exchange Agreement (Verastem, Inc.)

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Limitation on Conversion. In the event that any Holder elects to convert shares of Series A Preferred Stock into Conversion Shares pursuant to Section 6(a)6.1, the number of shares of Common Stock into which the shares of Series A Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation Designations shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 1 contract

Samples: Merger Agreement (Unum Therapeutics Inc.)

Limitation on Conversion. In the event that any Holder elects to convert shares of Series A X Preferred Stock into Conversion Shares pursuant to Section 6(a), the number of shares of Common Stock into which the shares of Series A X Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 1 contract

Samples: Investment Agreement (Cti Biopharma Corp)

Limitation on Conversion. In the event that any Holder elects to convert shares of Series A X Non-Voting Preferred Stock into Conversion Shares pursuant to Section 6(a)6.1, the number of shares of Common Stock into which the shares of Series A X Non-Voting Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation Designations shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 1 contract

Samples: Merger Agreement (Baudax Bio, Inc.)

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Limitation on Conversion. In the event that any Holder elects to convert shares of Series A X Preferred Stock into Conversion Shares pursuant to Section 6(a), the number of shares of Common Stock into which the shares of Series A X Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 1 contract

Samples: Securities Purchase Agreement (Heska Corp)

Limitation on Conversion. In the event that any Holder elects to convert shares of Series A X1 Preferred Stock into Conversion Shares pursuant to Section 6(a), the number of shares of Common Stock into which the shares of Series A X1 Preferred Stock can then be converted upon such exercise pursuant to this Certificate of Designation shall not exceed the maximum number of unissued and otherwise unreserved shares of Common Stock which the Corporation may issue under the Certificate of Incorporation at any given time.

Appears in 1 contract

Samples: Merger Agreement (Novus Therapeutics, Inc.)

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