Common use of Reset Clause in Contracts

Reset. (a) The amount of Company Shares issuable to the Subscriber shall be redetermined from time to time as described herein (the "Reset") and if appropriate, additional shares of Common Stock (the "Additional Shares") will be issued and delivered to the Subscriber as provided herein. The original purchase price set forth on the signature page of this Subscription Agreement (the "Purchase Price") shall be deemed the purchase price of all the shares of Common Stock to be delivered pursuant to this Subscription Agreement including the Additional Shares. Provided the Additional Shares are issued after the effective date of the Registration Statement described in Section 10.1 (iv) hereof, such Additional Shares will be free-trading on the books and records of the Company and issued without restrictive legend.

Appears in 2 contracts

Samples: Subscription Agreement (Recovery Network Inc), Subscription Agreement (Rnethealth Com Inc)

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Reset. (a) The amount of Company Shares issuable to the Subscriber shall be redetermined from time to time as described herein (the "Reset") and if appropriate, additional shares of Common Stock (the "Additional Shares") will be issued and delivered to the Subscriber as provided herein. The original purchase price set forth on the signature page of this Subscription Agreement (the "Purchase Price") shall be deemed the purchase price of all the shares of Common Stock to be delivered pursuant to this Subscription Agreement including the Additional Shares. Provided the Additional Shares are issued after the effective date of the Registration Statement described in Section 10.1 (iv10.1(iv) hereof, such Additional Shares will be free-trading on the books and records of the Company and issued without restrictive legend.

Appears in 1 contract

Samples: Subscription Agreement (Teltran International Group LTD)

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Reset. (a) The amount of Company Shares issuable to the Subscriber shall be redetermined from time to time as described herein (the "Reset") and if appropriate, additional shares of Common Stock (the "Additional Shares") will be issued and delivered to the Subscriber as provided herein. The original purchase price set forth on the signature page of this Subscription Agreement (the "Purchase Price") shall be deemed the purchase price of all the shares of Common Stock to be delivered pursuant to this Subscription Agreement including the Additional SharesAgreement. Provided the Additional Shares are issued after the effective date of the Registration Statement described in Section 10.1 (iv10.1(iv) hereof, such Additional Shares will be free-trading on the books and records of the Company and issued without restrictive legend.

Appears in 1 contract

Samples: Form of Subscription Agreement (Recovery Network Inc)

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