Examples of Common Stock Cap in a sentence
In no event shall the total number of shares of Common Stock into which the Series C Preferred Stock is convertible and the Warrants are exercisable exceed the Common Stock Cap prior to the Stockholder Approval.
Within the Common Stock Cap, the exercise rights of the Warrants are subordinated to the conversion rights of the Series C Preferred Stock, such that no Warrant may be exercised if the number of shares of Common Stock into which the outstanding shares of Series C Preferred Stock are convertible is equal to or exceeds the Common Stock Cap.
Upon Stockholder Approval, the Common Stock Cap shall terminate and the Warrants shall be exercisable in accordance with the terms hereof excluding this Section 2E.
In the event the Common Stock Cap exceeds the number of shares of Common Stock issuable upon conversion of the Series C Preferred Stock but less than the number of shares of Common Stock into which the outstanding Warrants are exercisable, the exercise right of the Warrants shall be reduced pro rata among the outstanding Warrants.
The Common Stock Cap shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.
Immediately upon the effectiveness of the Amendment, each share of Preferred Stock, except for shares subject to the Common Stock Cap, shall automatically be converted into a number of fully paid and non-assessable shares of Common Stock as calculated pursuant to Exhibit A hereto.
In the event the Common Stock Cap is less than the number of shares of Common Stock into which the outstanding Warrants are exercisable, the exercise right of the Warrants shall be reduced pro rata among the outstanding Warrants.
In no event shall the total number of shares of Common Stock into which the Warrants are exercisable exceed the Common Stock Cap prior to the Stockholder Approval.
Upon Stockholder Approval, the Common Stock Cap and other limitations set forth in this Section 2E shall terminate and this Warrant shall be exercisable in accordance with the terms hereof excluding this Section 2E.
Under Section 9(c) of the Plan and subject to the Common Stock Cap, for each Performance Share Unit earned by you, the Company shall deliver to you (a) one share of Common Stock or (b) cash equal to the Fair Market Value of one share of Common Stock.