Common use of RIGHT TO PURCHASE STOCK Clause in Contracts

RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s securities having an aggregate purchase price of up to $1,500,000 in connection with the Next Event. Such right shall be upon the same terms and conditions afforded to other investors in the Next Event.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.)

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RIGHT TO PURCHASE STOCK. 8.1. 8.1 Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s securities having an aggregate purchase price of up to $1,500,000 500,000 in connection with the Next Event. Such right shall be upon Event on the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Nexx Systems Inc)

RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee (which shall not be a competitor of any Borrower as determined in good faith by Borrower's Board of Directors) shall have the right, in its discretion, to purchase shares of Borrower’s 's securities having an aggregate purchase price of up to $1,500,000 in connection with the Next Event. Such right shall be upon Event on substantially the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Sirtris Pharmaceuticals, Inc.)

RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares equity securities of Borrower’s securities Borrower having an aggregate purchase price of up to $1,500,000 1,000,000 in connection with the Next Event. Such right shall be upon Event on the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Epicept Corp)

RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s securities having an aggregate purchase price of up to $1,500,000 1,000,000 in connection with the Next EventEvent and, subject to the consent of the lead investor, not to be unreasonably withheld, subsequent equity offerings. Such right shall be upon the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcept Pharmaceuticals Inc)

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RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s Holdings’ securities having an aggregate purchase price of up to $1,500,000 1,000,000 in connection with the Next Event. Such right shall be upon Event on the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Diomed Holdings Inc)

RIGHT TO PURCHASE STOCK. 8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s securities having an aggregate purchase price of up to $1,500,000 500,000 in connection with the Next Event. Such right shall be upon Event on the same terms and conditions afforded to other investors in the Next Event.

Appears in 1 contract

Samples: Loan and Security Agreement (Rubicon Technology, Inc.)

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