Common use of OTHER EQUITY OFFERINGS Clause in Contracts

OTHER EQUITY OFFERINGS. During the period beginning on the date hereof and expiring 180 calendar days following the effectiveness of the Registration Statement, the Company will not make any Equity Offerings, except for an offering of rights to subscribe for shares of the Company's Common Stock pursuant to any exemption from the registration requirements of the Securities Act, including without limitation the exemption provided by Regulations D and S promulgated thereunder. "Equity Offerings" shall mean the issuance or sale by the Company of any Common Stock or securities which are convertible into or exchangeable for its Common Stock or any convertible securities, or any warrants or other rights to subscribe for or to purchase or any options for the purchase of its Common Stock or any such convertible securities (other than shares or options issued or which may be issued pursuant to the Company's employee or director option plans or shares issued upon exercise of options, warrants or rights outstanding as of February 13, 1997 and listed in the Exchange Act reports).

OTHER EQUITY OFFERINGS. During the period beginning on the date hereof and expiring 180 calendar days following the effectiveness of the Registration Statement, the Company will not make any Equity Offerings, except for an offering of rights to subscribe for shares of the Company's Common Stock pursuant to any exemption from the registration requirements of the Securities Act, including without limitation the exemption provided by Regulations D RegulationsD and S promulgated thereunder. "Equity Offerings" shall mean the issuance or sale by the Company of any Common Stock or securities which are convertible into or exchangeable for its Common Stock or any convertible securities, or any warrants or other rights to subscribe for or to purchase or any options for the purchase of its Common Stock or any such convertible securities (other than shares or options issued or which may be issued pursuant to the Company's employee or director option plans or shares issued upon exercise of options, warrants or rights outstanding as of February 13, 1997 and listed in the Exchange Act reports).