Outstanding Equity Line definition
Examples of Outstanding Equity Line in a sentence
For purposes of this Section 6, the Outstanding Equity Line is deemed a Subsequent Financing.
The Company represents and warrants that as of the Closing Date, there is no outstanding equity line or similar arrangement passed by any Person which may be exercised by any Person or granting such Person the right to acquire Ordinary Shares or Ordinary Share Equivalents except for the Outstanding Equity Line.
Except in connection with the Outstanding Equity Line, no Person has any right to cause the Company or any Subsidiary to effect the registration under the Securities Act of any securities of the Company or any Subsidiary, except for the Purchasers.
Except in connection with the Outstanding Equity Line, for so long as any Notes and Warrants are outstanding, the Company will not issue any Common Stock or Common Stock Equivalents, without the consent of a Majority in Interest, if such issuance would be at an effective price per share of Common Stock less than the higher of the Conversion Price or Exercise Price in effect at the time of such issuance.