Common use of No Adjustment of Conversion Price Clause in Contracts

No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which Preferred Stock is convertible shall be made, by adjustment in the Conversion Price, in respect of the issuance of Additional Shares of Common Stock or otherwise, unless the consideration per share for an Additional Share of Common Stock issued or deemed to be issued by the Corporation is less than the relevant Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Share of Common Stock.

Appears in 5 contracts

Samples: Merger Agreement (Mascoma Corp), Warrant Agreement (Mascoma Corp), Warrant Agreement (Mascoma Corp)

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No Adjustment of Conversion Price. No Notwithstanding any provision herein to the contrary, no adjustment in the number of shares of Common Stock into which the shares of Series B Preferred Stock is are convertible shall be made, by adjustment in the applicable Conversion Price, in respect of the issuance of Additional Shares of Common Stock or otherwisePrice thereof, unless the consideration per share (determined pursuant to Section 6.4.5) for an all Additional Share Shares of Common Stock issued or deemed to be issued by the Corporation is less than the relevant applicable Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Share Shares of Common Stock.

Appears in 3 contracts

Samples: Merger Agreement (Rezconnect Technologies Inc), Merger Agreement (YTB International, Inc.), Merger Agreement (Rezconnect Technologies Inc)

No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which the Preferred Stock is convertible shall be made, by adjustment in the Conversion Price, in respect of the issuance of Additional Shares of Common Stock or otherwise, Price thereof unless the consideration per share (determined pursuant to Section 2.5(e) below for an Additional Share of Common Stock issued or deemed to be issued by the Corporation Borrower is less than the relevant applicable Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Share of Common Stockadditional shares.

Appears in 3 contracts

Samples: Asset Purchase Agreement (WQN, Inc.), Convertible Note (WQN, Inc.), Asset Purchase Agreement (Voip Inc)

No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which Junior Preferred Stock is convertible shall be made, by adjustment in the Conversion Price, in respect of the issuance of Additional Shares of Common Stock or otherwise, unless the consideration per share for an Additional Share of Common Stock issued or deemed to be issued by the Corporation is less than the relevant Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Share of Common Stock.

Appears in 2 contracts

Samples: Subordinated Convertible Note Purchase Agreement, Subordinated Convertible Note Purchase Agreement (Mascoma Corp)

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No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which Preferred Stock is convertible shall be made, by adjustment in the Conversion Price, in respect of the issuance of Additional Shares of Common Stock or otherwise, unless the consideration per share for an Additional Share of Common Stock issued or deemed to be issued by the Corporation is less than the relevant Conversion Price in effect on the date of, and immediately prior to, . the issue of such Additional Share of Common Stock.

Appears in 1 contract

Samples: Share Purchase Agreement (Mascoma Corp)

No Adjustment of Conversion Price. No adjustment in the number of --------------------------------- shares of Common Stock into which the Series C Preferred Stock is convertible shall be made, by adjustment in the Conversion Price, Price of Series C Preferred Stock in respect of the issuance of Additional Shares of Common Stock or otherwise, unless the consideration per share for an Additional Share of Common Stock issued or deemed to be issued by the Corporation corporation is less than the relevant Conversion Price book value of the Common Stock in effect on the date of, and immediately prior to, the issue of such Additional Share of Common Stock.

Appears in 1 contract

Samples: 12% Convertible Redeemable Preferred Stock Purchase Agreement (Malone Arthur L Jr)

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