Common use of Adjustment to Conversion Price Clause in Contracts

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 5, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 29 contracts

Samples: Securities Purchase Agreement (Hartville Group Inc), Securities Purchase Agreement (Generex Biotechnology Corp), Securities Purchase Agreement (Generex Biotechnology Corp)

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Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 57, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 4 contracts

Samples: Securities Purchase Agreement (China Education Alliance Inc.), Securities Purchase Agreement (China Wind Systems, Inc), Securities Purchase Agreement (Malex Inc)

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 56, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Las Vegas Gaming Inc), Diomed Holdings Inc

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 5, the Company shall promptly mail deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 2 contracts

Samples: Power 3 Medical Products Inc, Power 3 Medical Products Inc

Adjustment to Conversion Price. Whenever the Conversion Price Value is adjusted pursuant to any of this Section 57, the Company Corporation shall promptly mail to each Holder a notice setting forth the Conversion Price Value after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company Corporation issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company Corporation shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Computer Software Innovations Inc), First Amendment (Computer Software Innovations Inc)

Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 5, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise Conversion price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 1 contract

Samples: Loan Modification Agreement (Whispering Oaks International Inc)

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Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 53, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 1 contract

Samples: Franklyn Resources Iii Inc

Adjustment to Conversion Price. Whenever the Conversion Price Value is adjusted pursuant to any of this Section 57, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price Value after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement). ii.

Appears in 1 contract

Samples: Note Purchase Agreement (PCS Edventures Com Inc)

Adjustment to Conversion Price. Whenever the Conversion Price Value is adjusted pursuant to any of this Section 57, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price Value after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Family Home Health Services, Inc.)

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