Right to Purchase Additional Stock. If, the Warrantholder’s total cost of equipment leased pursuant to the Leases exceeds $3,000,000, 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 $3,000,000 by 4.5%, 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 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 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 (1) 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 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. 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 ---------------------------------- Subordinated Promissory Note(s) entered into pursuant to the Subordinated Loan Documents in its entirety within twelve (12) months of 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 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 original equipment cost of all equipment leased by Warrantholder under the Leases exceeds $775,000, 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 $775,000 by 10%, and (ii) dividing the product thereof by the Series A price per share. Lease.Warrant (1.04) - 3 - Xxxxxxxx Biotechnology Group Confidential Information Rx3 Warrant Agt - 111704 - final
Right to Purchase Additional Stock. If the Company's total drawdown from Warrantholder pursuant to the Loan exceeds $1,000,000, but is less than or equal to $1,500,000, Warrantholder shall have the right to purchase from the Company, at the Exercise Price (adjusted as set forth herein), 30,000 shares of Preferred Stock. If the Company's total drawdown from Warrantholder pursuant to the Loan exceeds
