Restrictions on Conversion of Preferred Stock. The Subscriber or any subsequent holder of the Preferred Stock (the "Holder") shall be prohibited from converting any portion of the Preferred Stock which would result in the Subscriber or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the 1934 Act, as amended, of 4.99% or more of the then issued and outstanding Common Stock of the Company.
Appears in 5 contracts
Samples: Sgi International, Sgi International, Sgi International
Restrictions on Conversion of Preferred Stock. The Each Subscriber or any subsequent holder of the Preferred Stock (the "Holder") shall be prohibited from converting any portion of the Preferred Stock which would result in the any Subscriber or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the 1934 Act, as amended, of 4.99% or more of the then issued and outstanding Common Stock of the Company.
Appears in 2 contracts
Samples: Registration Rights Agreement (Nstor Technologies Inc), Registration Rights Agreement (Spatializer Audio Laboratories Inc)
Restrictions on Conversion of Preferred Stock. The Subscriber Subscribers or any subsequent holder of the Preferred Stock (the "Holder") shall be prohibited from converting any portion of the Preferred Stock which would result in the any Subscriber or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the 1934 Act, as amended, of 4.99% or more of the then issued and outstanding Common Stock of the Company.
Appears in 1 contract
Samples: Sgi International
Restrictions on Conversion of Preferred Stock. The Subscriber Subscribers or any subsequent holder of the Preferred Stock (the "Holder") shall be prohibited from converting any portion of the Preferred Stock which would result in any of the Subscriber Subscribers or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 the Securities Exchange Act of the 1934 Act1934, as amended, of 4.999.99% or more of the then issued and outstanding Common Stock of the Company.
Appears in 1 contract
Samples: Imaging Diagnostic Systems Inc /Fl/
Restrictions on Conversion of Preferred Stock. The Subscriber Investor or any subsequent holder of the Preferred Stock (the "Holder") shall be prohibited from converting any portion of the Preferred Stock which would result in the Subscriber Investor or the Holder being deemed the beneficial owner, in accordance with the provisions of Rule 13d-3 of the 1934 Act, as amended, of 4.99% or more of the then issued and outstanding Common Stock of the Company.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Sgi International)
