Common use of Rights; Options; Warrants or Other Securities Clause in Contracts

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold Price, the Exercise Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise Price. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue date of such rights, options, warrants or other securities. However, upon the expiration of any rights, warrants, options or other securities, the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b), if any such rights, warrants, options or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Price made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrants, options or other securities actually exercised.

Appears in 2 contracts

Samples: Boston Life Sciences Inc /De, Boston Life Sciences Inc /De

AutoNDA by SimpleDocs

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities (collectively, "Rights") to all of the holders of its Common Stock entitling them to subscribe for or purchase, convert tointo, exchange for or otherwise acquire shares of Common Stock, or any stock or other securities convertible into or exchangeable for Common Stock for no consideration or at for a price per share less than the Threshold Exercise Price, then the Exercise Price shall be multiplied by a fraction, the denominator numerator of which shall be (i) the number of shares of Common Stock outstanding immediately prior to such record date plus (excluding treasury shares, if anyii) outstanding on the date number of shares of Common Stock which the aggregate consideration received by the Company for the issuance of such rightsRights and the aggregate consideration receivable by the Company upon exercise, optionsconversion, warrants exchange or other securities acquisition of Common Stock pursuant to such rights would purchase at the Exercise Price, and the denominator of which shall be (i) the number of shares of Common Stock outstanding immediately prior to such record date plus (ii) the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition and acquisition, as the numerator of which shall be the number of shares of Common Stock (excluding treasury sharescase may be, if any) outstanding on the date of issuance of pursuant to such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise PriceRights. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants or other securities. However, upon the expiration of any rights, warrants, options or other securitiessuch Rights, the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b7(b), if any such rights, warrants, options or other securities shall expire and all or any portion thereof of such Rights shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Price made upon the issuance of such rights, warrants, options or other securities been made Rights on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrants, options or other securities Rights actually exercised.

Appears in 1 contract

Samples: Stonepath Group Inc

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold Price, the Exercise Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise Price. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue date of such rights, options, warrants or other securities. However, upon the expiration of any rights, warrants, options or other securities, the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b), if any such rights, warrants, options or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- re-computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Price made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrants, options or other securities actually exercised.

Appears in 1 contract

Samples: Boston Life Sciences Inc /De

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant Debenture is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold Conversion Price, the Exercise Conversion Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition acquisition, as the case may be, and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise Conversion Price. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants rights or other securitieswarrants. However, upon the expiration of any rights, warrantsoptions, options warrants or other securities, securities to purchase Common Stock the issuance of which resulted in an adjustment in the Exercise Conversion Price pursuant to this Section 6(b4.5(b), if any such rights, warrantsoptions, options warrants or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Conversion Price shall immediately upon such expiration be re- re-computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Conversion Price made pursuant to the provisions of Section 6(h4.5(g) after the issuance of such rights, warrantsoptions, options warrants or other securities) had the adjustment of the Exercise Conversion Price made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrantsoptions, options warrants or other securities actually exercised.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthaxis Inc)

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities (collectively, "Rights") to all of the holders of its Common Stock entitling them to subscribe for or purchase, convert tointo, exchange for or otherwise acquire shares of Common Stock, or any stock or other securities convertible into or exchangeable for Common Stock for no consideration or at for a price per share less than the Threshold Exercise Price, then the Exercise Price shall be multiplied by a fraction, the denominator numerator of which shall be (i) the number of shares of Common Stock outstanding immediately prior to such record date plus (excluding treasury shares, if anyii) outstanding on the date number of shares of Common Stock which the aggregate consideration received by the Company for the issuance of such rightsRights and the aggregate consideration receivable by the Company upon exercise, optionsconversion, warrants exchange or other securities acquisition of Common Stock pursuant to such rights would purchase at the Exercise Price, and the denominator of which shall be (i) the number of shares of Common Stock outstanding immediately prior to such record date plus (ii) the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition and acquisition, as the numerator of which shall be the number of shares of Common Stock (excluding treasury sharescase may be, if any) outstanding on the date of issuance of pursuant to such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise PriceRights. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants or other securities. However, upon the expiration of any rights, warrants, options or other securitiessuch Rights, the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b), if any such rights, warrants, options or other securities shall expire and all or any portion thereof of such Rights shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Price made upon the issuance of such rights, warrants, options or other securities been made Rights on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrants, options or other securities Rights actually exercised.

Appears in 1 contract

Samples: Net Value Holdings Inc

AutoNDA by SimpleDocs

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant Debenture is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold PricePer Share Market Value on the record date for such issuance, the Exercise Conversion Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition acquisition, as the case may be, and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered in such offering would purchase at the Exercise Conversion Price. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants rights or other securitieswarrants. However, upon the expiration of any rights, warrantsoptions, options warrants or other securities, securities to purchase Common Stock the issuance of which resulted in an adjustment in the Exercise Conversion Price pursuant to this Section 6(b4.5(b), if any such rights, warrantsoptions, options warrants or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Conversion Price shall immediately upon such expiration be re- re-computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Conversion Price made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrantsoptions, options warrants or other securities actually exercised.

Appears in 1 contract

Samples: Securities Purchase Agreement (Igen International Inc /De)

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold PricePer Share Market Value, the Exercise Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise PricePer Share Market Value. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants or other securities. However, upon the expiration of any rights, warrantsoptions, options warrants or other securities, securities to purchase Common Stock the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b), if any such rights, warrantsoptions, options warrants or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h) after the issuance of such rights, warrants, options or other securities) had the adjustment of the Exercise Price been made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrantsoptions, options warrants or other securities actually exercised.

Appears in 1 contract

Samples: Securities Purchase Agreement (Igen International Inc /De)

Rights; Options; Warrants or Other Securities. If the Company, at --------------------------------------------- any time while this Warrant is outstanding, shall issue fix a record date for the issuance of rights, options, warrants or other securities to all of the holders of Common Stock entitling them to subscribe for or purchase, convert to, exchange for or otherwise acquire shares of Common Stock for no consideration or at a price per share less than the Threshold Exercise Price, the Exercise Price shall be multiplied by a fraction, the denominator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of additional shares of Common Stock offered for subscription, purchase, conversion, exchange or acquisition acquisition, as the case may be, and the numerator of which shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding on the date of issuance of such rights, options, warrants or other securities plus the number of shares which the aggregate offering price of the total number of shares so offered would purchase at the Exercise Price. Such adjustment shall be made whenever such rights, options, warrants or other securities are issued, and shall become effective immediately after the issue record date for the determination of shareholders entitled to receive such rights, options, warrants or other securities. However, upon the expiration of any rights, warrantsoptions, options warrants or other securities, securities to purchase Common Stock the issuance of which resulted in an adjustment in the Exercise Price pursuant to this Section 6(b7(b), if any such rights, warrantsoptions, options warrants or other securities shall expire and all or any portion thereof shall not have been exercised, the Exercise Price shall immediately upon such expiration be re- re-computed and effective immediately upon such expiration be increased to the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of Section 6(h7(h) after the issuance of such rights, warrantsoptions, options warrants or other securities) had the adjustment of the Exercise Price made upon the issuance of such rights, warrants, options or other securities been made on the basis of the issuance of only that number of shares of Common Stock (if any) actually purchased upon the exercise of such rights, warrantsoptions, options warrants or other securities actually exercised.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthaxis Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.