Common use of Options, Rights, Warrants and Convertible and Exchangeable Securities Clause in Contracts

Options, Rights, Warrants and Convertible and Exchangeable Securities. In case the Company shall at any time after the Issuance Date issue options, rights or warrants to subscribe for Common Shares, or issue any securities convertible into or exchangeable for Common Shares, for a consideration per share less than the Conversion Price in effect immediately prior to the issuance of such options, rights, warrants or such convertible or exchangeable securities, or without consideration, the Conversion Price in effect immediately prior to the issuance of such options, rights, warrants or such convertible or exchangeable securities, as the case may be, shall be reduced to the price established for such options, rights, warrants or convertible or exchangeable securities that entitle the holders thereof to receive a Common Share.

Appears in 3 contracts

Samples: Z Trim Holdings, Inc, Z Trim Holdings, Inc, Z Trim Holdings, Inc

AutoNDA by SimpleDocs

Options, Rights, Warrants and Convertible and Exchangeable Securities. In case the Company shall at any time after the Issuance Date date hereof issue options, rights or warrants to subscribe for shares of Common SharesStock, or issue any securities convertible into or exchangeable for shares of Common SharesStock, other than Excluded Issuances, for a consideration per share less than the Conversion Exercise Price in effect or the Market Price immediately prior to the issuance of such options, rights or warrants, or such convertible or exchangeable securities, or without consideration, the Exercise Price in effect immediately prior to the issuance of such options, rightsrights or warrants, warrants or such convertible or exchangeable securities, or without consideration, the Conversion Price in effect immediately prior to the issuance of such options, rights, warrants or such convertible or exchangeable securities, as the case may be, shall be reduced to a price determined by making a computation in accordance with the price established for such optionsprovisions of Section 2.1 hereof, rights, warrants or convertible or exchangeable securities that entitle the holders thereof to receive a Common Share.provided that:

Appears in 2 contracts

Samples: Warrant Agreement (Neoprobe Corp), Neoprobe Corp

AutoNDA by SimpleDocs

Options, Rights, Warrants and Convertible and Exchangeable Securities. In case the Company shall at any time after the Issuance Date date hereof issue options, rights or warrants to subscribe for shares of Common SharesStock, or issue any securities convertible into or exchangeable for shares of Common SharesStock, for a consideration per share less than the Conversion greater of the Market Price or the Exercise Price in effect immediately prior to the issuance of such options, rightsrights or warrants, warrants or such convertible or exchangeable securities, or without consideration, the Conversion Exercise Price in effect immediately prior to the issuance of such options, rightsrights or warrants, warrants or such convertible or exchangeable securities, as the case may be, shall be reduced to a price determined by making a computation in accordance with the price established for such optionsprovisions of Section 9.1 hereof, rights, warrants or convertible or exchangeable securities that entitle the holders thereof to receive a Common Share.provided that:

Appears in 2 contracts

Samples: Warrant Agreement (Aviation Group Inc), Warrant Agreement (Aviation Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!