No Adjustments in Certain Cases. Without limiting the operation of Section 6(a), the Company will not be required to adjust the Conversion Price except pursuant to this Section 10. For the avoidance of doubt, no adjustment to the Conversion Price will be made (the following, each an “Exempt Issuance”): (i) Upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in Common Stock under any plan in which purchases are made at market prices on the date or dates of purchase, without discount, and whether or not the Company bears the ordinary costs of administration and operation of the plan, including brokerage commissions; (ii) upon the issuance of any shares of Common Stock or options or rights to purchase such shares pursuant to any present or future employee, director, consultant or officer equity incentive plan or program of or assumed by the Company or any of its Subsidiaries or of any employee agreements or arrangements or programs; (iii) except as otherwise provided in Section 10(a) upon the issuance of any shares of Common Stock pursuant to exercise, vesting or conversion of any option, warrant, right, restricted stock unit or exercisable, exchangeable or convertible security; (iv) for dividends or distributions declared or paid to holders of Common Stock in which the Holders participate; or (v) for a change in the par value of the Common Stock.
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Samples: Business Combination Agreement (Tailwind Acquisition Corp.), Business Combination Agreement (Tailwind Acquisition Corp.)
No Adjustments in Certain Cases. Without limiting the operation of Section 6(a5(b) and 10(e)(i), the Company will not be required to adjust the Conversion Price except pursuant to this Section 1010(f)(i). For Without limiting the avoidance of doubtforegoing, no adjustment the Company will not be required to adjust the Conversion Price will be made (the following, each an “Exempt Issuance”):Rate on account of:
(iA) Upon except as otherwise provided in Section 10(f)(i), the sale of shares of Common Stock for a purchase price that is less than the market price per share of Common Stock or less than the Conversion Price;
(B) the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s securities of the Company and the investment of additional optional amounts in shares of Common Stock under any plan in which purchases are made at market prices on the date or dates of purchase, without discount, and whether or not the Company bears the ordinary costs of administration and operation of the such plan, including brokerage commissions;;
(iiC) upon the issuance of any shares of Common Stock or options or rights to purchase such shares of Common Stock pursuant to any present or future employee, director, director or consultant or officer equity incentive benefit plan or program of of, or assumed by by, the Company or any of its Subsidiaries or of any employee agreements or arrangements or programs;Subsidiaries;
(iiiD) except as otherwise provided in Section 10(a) upon the issuance of any shares of Common Stock pursuant to exercise, vesting or conversion of any option, warrant, right, restricted stock unit or exercisable, exchangeable right or convertible security;
(iv) for dividends or distributions declared or paid to holders exchangeable security of Common Stock in which the Holders participateCompany outstanding as of the Initial Issue Date; or
(vE) for solely a change in the par value of the Common Stock.
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No Adjustments in Certain Cases. Without limiting the operation of Section 4(c) and Section 6(a), the Company will not be required to adjust the Conversion Price except pursuant to this Section 1011. For the avoidance of doubt, no adjustment to the Conversion Price will be made (the following, each an “Exempt Issuance”):
(i) Upon the issuance of any shares of Company Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in Company Common Stock under any plan in which purchases are made at market prices on the date or dates of purchase, without discount, and whether or not the Company bears the ordinary costs of administration and operation of the plan, including brokerage commissions;
(ii) upon the issuance of any shares of Company Common Stock or options or rights to purchase such shares pursuant to any present or future employee, director, consultant or officer equity incentive plan or program of or assumed by the Company or any of its Subsidiaries or of any employee agreements or arrangements or programs;
(iii) except as otherwise provided in Section 10(a11(b) upon the issuance of any shares of Company Common Stock pursuant to exercise, vesting or conversion of any option, warrant, right, restricted stock unit or exercisable, exchangeable or convertible security;
(iv) for dividends or distributions declared or paid to holders of Company Common Stock in which the Holders participate; or
(v) for a change in the par value of the Company Common Stock.
Appears in 1 contract
Samples: Investment Agreement (eHealth, Inc.)
No Adjustments in Certain Cases. Without limiting the operation of Section 6(a), the Company will not be required to adjust the Conversion Price except pursuant to this Section 10. For the avoidance of doubt, no adjustment to the Conversion Price will be made (the following, each an “Exempt Issuance”):
(i) Upon upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in Common Stock under any plan in which purchases are made at market prices on the date or dates of purchase, without discount, and whether or not the Company bears the ordinary costs of administration and operation of the plan, including brokerage commissions;
(ii) upon the issuance of any shares of Common Stock or options or rights to purchase such shares pursuant to any present or future employee, director, consultant or officer equity incentive plan or program of or assumed by the Company or any of its Subsidiaries or of any employee agreements or arrangements or programs;
(iii) except as otherwise provided in Section 10(a) ), upon the issuance of any shares of Common Stock pursuant to exercise, vesting or conversion of any option, warrant, right, restricted stock unit or exercisable, exchangeable or convertible security;
(iv) for dividends or distributions declared or paid to holders of Common Stock in which the Holders participate; or;
(v) for a change in the par value of the Common Stock; or
(vi) upon the offer or the issuance of any shares of Series A Preferred Stock in exchange for shares of Common Stock.
Appears in 1 contract
Samples: Business Combination Agreement (Anzu Special Acquisition Corp I)