Common use of Redemption or Conversion of Preferred Stock Clause in Contracts

Redemption or Conversion of Preferred Stock. If all of the shares of the series of Preferred Stock into which the Warrant Shares are exercisable are redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically adjusted to equal the number obtained by dividing (i) the aggregate Purchase Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 2 contracts

Samples: Zoosk, Inc, Zoosk, Inc

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Redemption or Conversion of Preferred Stock. If all of the shares of the series of Preferred Stock into which the Warrant Series B Shares are exercisable or Series A Shares are redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Warrant Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically adjusted to equal the number obtained by dividing (i) the aggregate Purchase Price purchase price of Series B Shares or Series A Shares, as the shares of Preferred Stock case may be, for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 1 contract

Samples: Glu Mobile Inc

Redemption or Conversion of Preferred Stock. If all of the shares of the series of ------------------------------------------- Series D Preferred Stock into which the Warrant Shares are exercisable are is redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Series D Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically adjusted to equal the number obtained by dividing (i) the aggregate Purchase Price of the shares of Series D Preferred Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 1 contract

Samples: Ibeam Broadcasting Corp

Redemption or Conversion of Preferred Stock. If all of the shares of the series of Series A Preferred Stock into for which this Warrant is exercisable (the Warrant Shares are exercisable are Stock”) is redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Warrant Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically adjusted to equal the number obtained by dividing (i) the aggregate Purchase Exercise Price of the shares of Preferred Warrant Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 1 contract

Samples: Joint Venture Agreement (You on Demand Holdings, Inc.)

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Redemption or Conversion of Preferred Stock. If all of the shares of the series of Preferred Stock into which the underlying this Warrant Shares are exercisable are redeemed or shall become converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Price shall be automatically adjusted to equal the number obtained by dividing (ia) the aggregate Purchase Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (iib) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Screaming Media Com Inc)

Redemption or Conversion of Preferred Stock. If all of the shares of the series of Preferred Stock into which the Warrant Shares are exercisable are is redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Exercise Purchase Price shall be automatically adjusted to equal the number obtained by dividing (i) the aggregate Purchase Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which this Warrant is exercisable immediately after such redemption or conversion.

Appears in 1 contract

Samples: Preferred Stock Purchase Warrant (Upstart Holdings, Inc.)

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