Anti-Dilution definition
Anti-Dilution. The Subscribers shall be granted a bonus warrant (the "Bonus Warrant") to acquire additional Common Shares in accordance with the formula below, at a price of US$0.001 per additional Common Share for a period of one year following Closing, if at any time the Company shall issue or sell any additional Common Shares to a third party other than the Subscriber in exchange for consideration in an amount per additional Common Share which is less than US$2.00 per additional Common Share. The number of additional Common Shares which the Bonus Warrant holder will be entitled to acquire upon any such issuance shall be determined by multiplying the Unit Price by a fraction:
Anti-Dilution. All share amounts set forth herein shall be subject to equitable adjustment in the event of stock splits, stock dividends, reverse stock splits, other similar recapitalizations, and issuances of IOG Common Stock (or securities convertible into IOG Common Stock) at less than fair market value (as determined from time to time by the Board of Directors, consistent with their duty of care); provided, however, that such equitable adjustment shall be used only to preserve and not increase the benefits herein to the relevant party.
Anti-Dilution. The conversion price of the convertible and the exercise price of the warrants will be subject to full ratchet anti-dilution adjustment in the event that the Company issues additional equity or equity-linked securities, referred to herein as "derivatives" (other than for specific "carve out" issuances) at a purchase or conversion price that is less than the applicable conversion price of the debentures or strike price of the warrants. This adjustment shall not apply to (i) outstanding derivatives as of the date hereof (provided no amendments to the conversion or exercise prices thereof are made); or (ii) options granted by the Company to employees and directors under current incentive stock options plans (whether qualified or not) if such future options are granted with exercise prices at least equal to the Company's stock price on the grant dates. ADJUSTMENT FOR ISSUANCE OF SHARES AT LESS THAN THE CONVERSION PRICE: If and whenever any additional Common Stock shall be issued by Company for a consideration per share less than the Conversion Price, then in each such case the initial Conversion Price shall be reduced to a new Conversion Price in an amount equal to the price per share for the additional Common Stock then issued, if issued in connection with a sale of shares, or the value of the additional Common Stock then issued, as determined in accordance with generally accepted accounting principles, if issued other than for cash, and the number of shares issuable to Holder upon conversion shall be proportionately increased.
Examples of Anti-Dilution in a sentence
Upon request of the Intermediary, Fund agrees to provide to the Intermediary, along with any written instructions to prohibit further purchases or exchanges of Shares by Shareholder, information regarding those trades of the contract holder that violated the Fund Anti-Dilution Policies.
For the purpose of the SBC Anti-Dilution Right the definition of Additional Investors shall also include any Founder and any Shareholder who, in any subsequent round, (re)invests any equity investments in cash, either directly or as conversion of a convertible loan in the Company.
Anti-Dilution Provisions: Rights will have the benefit of certain customary anti-dilution provisions.
For any remaining Shares that SBC will hold after they transferred part of their Shares to the Additional Investor, the SBC Anti-Dilution Right will remain in place.
The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock).
More Definitions of Anti-Dilution
Anti-Dilution. As set forth in Section 3.4 above, Varges George is the sol▇ ▇▇▇▇▇▇▇▇▇▇▇ of Medicos and the principal shareholder of Inamco. Therefore the shares of stock received by Mr. George shall be subj▇▇▇ ▇▇ ▇▇ anti dilution clause so that Mr. George shall be issu▇▇ ▇▇▇▇▇▇▇nal shares to ensure that he retains at least seventy (70%) of the issued and outstanding shares of Inamco. This clause is in consideration for this Agreement, the Agreement between Inamco and Medicos, Inc., Mr. George's employment ▇▇▇▇▇▇▇▇▇ ▇▇th Inamco as President and Chief Executive Officer, and his services as the Chairman of the Board of Directors to Inamco.
Anti-Dilution. The Company's Amended Certificate of Incorporation shall provide that without the approval of the majority of the outstanding shares of Common Series Stock, voting separately as a class, the Company shall not issue or agree to issue any Capital Stock or note or instrument convertible into or exchangeable for Capital Stock unless the Company adjusts the rights and privileges of the Common Series Stock so that when issued the Common Series Stock and/or the Common Stock issuable upon the redemption of the Common Series Stock will hold no lesser of a percentage of the voting rights, Distributions and liquidation preference in the Company as set forth in Sections 2.1.1 through 2.3 above. A copy of the form of Amended Certificate in form and substance acceptable to the Purchaser shall be filed with the office of the Secretary of State of the State of New York prior to the Initial Closing Date.
Anti-Dilution. The Warrants will have anti-dilution protection with respect to future stock dividends, extraordinary cash dividends, stock splits, self-tenders by Vesta, issuances of options and convertible securities and issuances of Vesta Common Stock below the then-current market price.
Anti-Dilution. Provisions Rights will have the benefit of certain customary anti-dilution provisions.
Anti-Dilution. The Warrants will provide for customary anti-dilution adjustments to protect the economic value of the Warrants as a result of corporate actions at Hudbay (including, for example, upon any share splits or consolidations, reclassifications, non-cash distributions, business combination transactions).
Anti-Dilution. The Board may adjust the purchase price of the Preferred Shares, the number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split, a reclassification of the Preferred Shares or common stock. No adjustments to the Exercise Price of less than 1% will be made.
Anti-Dilution. Standard anti-dilution provision, including protection from stock splits, stock dividends and distribution of assets.