Right to Purchase Additional Stock. If, the Warrantholder’s total cost of equipment leased pursuant to the Leases exceeds $1,000,000, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares, which number shall be determined by (i) multiplying the amount by which the Warrantholder’s total equipment cost exceeds $1,000,000 by 4.75%, and (ii) dividing the product thereof by the Exercise Price per share referenced above.
Right to Purchase Additional Stock. If the Company has not paid any ---------------------------------- Subordinated Promissory Note(s) entered into pursuant to the Loan(s) in its entirety by the Maturity Date (as defined in the applicable Subordinated Promissory Note(s)), then for each additional month, or portion thereof, thereafter that the outstanding principal is not paid, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Preferred Stock which number shall be determined by (i) multiplying the outstanding principal amount which due but unpaid by 1% and (ii) dividing the product thereof by the Exercise Price.
Right to Purchase Additional Stock. If the Company has not paid any Subordinated Promissory Note(s) entered into pursuant to the Loan(s) in its entirety by the Maturity Date (as defined in the applicable Subordinated Promissory Note(s)), then for each additional month, or portion thereof, thereafter that the outstanding principal is not paid, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Preferred Stock which number shall be determined by (i) multiplying the outstanding principal amount which is due but unpaid by 1% and (ii) dividing the product thereof by the Exercise Price.
Right to Purchase Additional Stock. If, for any reason, the total Warrantholder's cost of equipment leased pursuant to the Leases should exceed $400,000.00, Warrantholder shall have the right to purchase from the Company, at the Exercise Price per share specified in Section 1 (which price may be subject to adjustment from time to time as provided for in this Section 8), an additional number of shares, which number shall be determined by (i) multiplying the amount by which the Warrantholder's total equipment cost exceeds $400,000.00 by 10%, and (ii) dividing the product thereof by the Exercise Price per share referenced above.
Right to Purchase Additional Stock. If, the Company has not repaid the Loan in its entirety by the end of the 36th month, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Preferred Stock, which number shall be determined by (i) multiplying the then outstanding principal amount of the Loan by 1% for each additional month that the Loan remains unpaid.
Right to Purchase Additional Stock. If the principal under the Note is not repaid in full on or before _______________________, then on the first day of each month commencing on _________________, the Warrantholder shall have the right to purchase from the Company, at the Exercise Price per share specified in Section 1 (which price may be subject to adjustment from time to time as provided for in this Section 8), an additional number of shares of Preferred Stock, which number shall be determined by (i) multiplying the Principal Amount of the Note outstanding on each such date by one percent (1%), and (ii) dividing the product thereof by the Exercise Price per share referenced above. The Warrantholder shall be entitled to receive additional shares subject to Warrant pursuant to the above provision until such time as the principal is repaid in full. The above grant of rights to purchase additional shares of Preferred Stock does not, and is not intended to, replace or limit any other rights or remedies the Warrantholder, Lender or their affiliates may have with respect to the Company, under the Loan Agreement, the Note or otherwise.
Right to Purchase Additional Stock. If the Company has not paid any ---------------------------------- Promissory Note(s) entered into pursuant to the Loan Agreement in its entirety within twelve (12) months of the Maturity Date (as defined in the applicable Promissory Note(s)), then for each additional month, or portion thereof, thereafter that the outstanding principal is not paid, Warrantholder shall have right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Warrant Stock which number shall be determined by (i) multiplying the outstanding principal amount which is due, but unpaid, by 1% and (ii) dividing the product thereof by the Exercise Price.
Right to Purchase Additional Stock. If the Warrantholder's total ---------------------------------- cost of equipment leased pursuant to Part I of the Leases exceeds $500,000.00, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Preferred Stock, which number shall be determined by (i) multiplying the amount by which the Warrantholder's total equipment cost exceeds $500,000.00 by 9%, and (ii) dividing the product thereof by the Exercise Price per share referenced above. If the Warrantholder's total cost of equipment leased pursuant to Part II of the Leases exceeds $250,000.00, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares of Preferred Stock, which number shall be determined by (i) multiplying the amount by which the Warrantholder's total equipment cost exceeds $250,000.00 by 6%, and (ii) dividing the product thereof by the Exercise Price per share referenced above.
Right to Purchase Additional Stock. By its acceptance in writing hereof, the Company grants me the option, exercisable in the manner described below following the Company's issuance of any Dilutive Stock (as hereinafter defined), to purchase additional shares of Stock (the "Additional Stock") such that the Shares (including, for this purpose, Shares which have not yet been purchased pursuant to Section 2(a) hereof), the shares of Stock (if any) issued pursuant to Section 2(b) hereof, and the number of shares of Additional Stock to be issued shall collectively constitute fifty-one percent (51%) of the issued and outstanding Stock (including Dilutive Stock and Stock issued to me, but excluding other Stock issued after the date of Company's written acceptance hereof). As used herein, "Dilutive Stock" shall mean Stock issued by the Company pursuant to the exercise of options, warrants (other than the Compensatory Warrants) or convertible subordinated notes which are issued by the Company and are outstanding (but which are not yet exercised or converted) as of the date of the Company's written acceptance hereof. The Company shall give written notice to me promptly following the issuance of any Dilutive Stock, and I shall exercise my option to purchase Additional Stock, and pay the purchase price therefor to the Company, within thirty (30) days of the date the Company sends written notice to me by first class U.S. Mail, facsimile transmission or reputable overnight courier service to my address listed on the signature page hereof or such other address or facsimile number as I may hereafter provide the Company. The purchase price for each share of Additional Stock shall be determined as follows:
Right to Purchase Additional Stock. If, the Warrantholder's total coast of equipment leased pursuant to the Leases exceeds $800,000 for Phase II available under Equipment Schedule VL-5, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), an additional number of shares, which number shall be determined by (i) multiplying the amount by which the Warrantholder's total equipment cost exceeds $800,000 for Phase II under Equipment Schedule VL-5 by 9.984%, and (ii)dividing the product thereof by the Exercise Price per share referenced above.
