Common use of Sale of Shares Below Purchase Price Clause in Contracts

Sale of Shares Below Purchase Price. (1) Subject to the exceptions set forth in SECTION 4.C(5), if the Company issues or sells, or is deemed by the express provisions of this SECTION 4.C to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), other than as a dividend or other distribution on any class of stock as provided in SECTION 4.D and other than upon a subdivision or combination of shares of Common Stock as provided in SECTION 4.E, for an Effective Price (as hereinafter defined) less than the then existing Purchase Price, then and in each such case:

Sale of Shares Below Purchase Price. (1) Subject to the exceptions set forth in SECTION 4.C(5), if the Company issues or sells, or is deemed by the express provisions of this SECTION 4.C to have issued or sold, Additional Shares of Common Stock (as hereinafter defined), other than as a dividend or other distribution on any class of stock as provided in SECTION 4.D and other than upon a subdivision or combination of shares of Common Stock as provided in SECTION 4.E, for an Effective Price (as hereinafter defined) less than the then existing Purchase Exercise Price, then and in each such case: