Common use of Restrictions on Exercise Amount Clause in Contracts

Restrictions on Exercise Amount. Notwithstanding anything herein to the contrary, in no event shall the Holder be entitled to exercise any portion of this Warrant in excess of that portion of this Warrant upon exercise of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its Affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unexercised portion of the Warrant or the unexercised or unconverted portion of any other security of the Holder subject to a limitation on conversion analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the exercise of the portion of this Warrant with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the then outstanding shares of Common Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The Holder may waive the limitations set forth herein by sixty-one (61) days written notice to the Corporation.

Appears in 12 contracts

Samples: Common Stock Purchase Warrant (Quantum Fuel Systems Technologies Worldwide Inc), Common Stock Purchase Warrant (Quantum Fuel Systems Technologies Worldwide Inc), Quantum Fuel Systems Technologies Worldwide Inc

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Restrictions on Exercise Amount. Notwithstanding anything herein Unless a Holder delivers to the contraryCompany irrevocable written notice (x) prior to the date of issuance hereof or 61 days prior to the effective date of such notice that this Section 5(c) shall not apply to such Holder or (y) prior to a Change of Control, in no event shall the Holder be entitled may not acquire a number of Warrant Shares to exercise any portion of this Warrant in excess of that portion of this Warrant the extent that, upon exercise of which the sum of (1) such exercise, the number of shares of Common Stock then beneficially owned by the such Holder and its Affiliates (affiliates and any other than shares persons or entities whose beneficial ownership of Common Stock which may would be deemed beneficially owned through aggregated with the ownership of the unexercised portion of the Warrant or the unexercised or unconverted portion of any other security of the Holder subject to a limitation on conversion analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the exercise of the portion of this Warrant with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the then outstanding shares of Common Stock. For Holder's for purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amendedamended (the "EXCHANGE ACT"), (including shares held by any "group" of which the Holder is a member, but excluding shares beneficially owned by virtue of the ownership of securities or rights to acquire securities that have limitations on the right to convert, exercise or purchase similar to the limitation set forth herein) exceeds 9.99% of the total number of shares of Common Stock of the Company then issued and outstanding. For purposes hereof, "group" has the meaning set forth in Section 13(d) of the Exchange Act and applicable regulations of the Securities Exchange Commission (the "COMMISSION"), and Regulations 13D-G thereunder, except as otherwise provided the percentage held by the holder shall be determined in clause (1) a manner consistent with the provisions of such proviso. The Holder may waive the limitations set forth herein by sixty-one (61) days written notice to the Corporation.Section 13(d)

Appears in 6 contracts

Samples: Adventrx Pharmaceuticals Inc, Adventrx Pharmaceuticals Inc, Adventrx Pharmaceuticals Inc

Restrictions on Exercise Amount. Notwithstanding anything herein to the contrary, in no event shall the Holder be entitled to exercise any portion of this Warrant in excess of that portion of this Warrant upon exercise of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its Affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unexercised portion of the Warrant or the unexercised or unconverted portion of any other security of the Holder subject to a limitation on conversion analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the exercise of the portion of this Warrant with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the then outstanding shares of Common Stock. Stock.1 For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The Holder may waive the limitations set forth herein by sixty-one (61) days written notice to the Corporation. 1 Section 2.3 is not applicable to the Special Situations Funds.

Appears in 2 contracts

Samples: Quantum Fuel Systems Technologies Worldwide Inc, Quantum Fuel Systems Technologies Worldwide Inc

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Restrictions on Exercise Amount. Notwithstanding anything herein to the contrary, in no event shall the Holder be entitled to exercise any portion of this Warrant in excess of that portion of this Warrant upon exercise of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its Affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unexercised portion of the Warrant or the unexercised or unconverted portion of any other security of the Holder subject to a limitation on conversion analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the exercise of the portion of this Warrant with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the then outstanding shares of Common Stock. Stock.1 For purposes of the proviso to 1 Section 2.3 is not applicable to the Special Situations Funds. the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The Holder may waive the limitations set forth herein by sixty-one (61) days written notice to the Corporation.

Appears in 1 contract

Samples: Quantum Fuel Systems Technologies Worldwide Inc

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