Common use of Adjustments for Issuance of Additional Shares of Common Stock Clause in Contracts

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 8 contracts

Samples: Cordex Pharma, Inc., Urigen Pharmaceuticals, Inc., Cordex Pharma, Inc.

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Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 6 contracts

Samples: Note and Warrant Purchase Agreement (Apollo Resources International Inc), Ambient Corp /Ny, Quest Oil Corp

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any shares of additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced adjusted to a the price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 3 contracts

Samples: Wt Holdings Corp, Wt Holdings Corp, Wt Holdings Corp

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, Maker shall at any time, from time to time, following the Issuance Date issue or sell any additional shares share of common stock Common Stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.05(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (an “Additional Shares Share of Common Stock”), ) at a price per share less than the Conversion Price then in effect effect, or without considerationconsideration (in which case such Additional Shares of Common Stock shall be deemed to have been issued at a price per share of $.001), then the Conversion Price then in effect upon each such issuance shall be reduced decreased to a the price equal to the consideration per share paid for such Additional Shares Share of Common Stock.

Appears in 3 contracts

Samples: Duke Mining Company, Inc., Kaching Kaching, Inc., Kaching Kaching, Inc.

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Maker, shall, at any time, from time to time, issue or sell any shares of additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced adjusted to a that price equal (rounded to the consideration per share paid for such Additional Shares nearest cent) determined by multiplying each of Common Stock.the Conversion Price then in effect by a fraction:

Appears in 3 contracts

Samples: Modification Agreement (Axm Pharma Inc), Note and Warrant Purchase (Financialcontent Inc), Consulting Agreement (Financialcontent Inc)

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 2 contracts

Samples: Escrow Agreement (Remote Dynamics Inc), Escrow Agreement (Remote Dynamics Inc)

Adjustments for Issuance of Additional Shares of Common Stock. In the event the MakerCompany, shall, at any time, from time to time, issue or sell any additional shares of common stock Common Stock (otherwise than as provided in the foregoing subsections (i3(a) through (v) of this Section 3.5(ad) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Initial Exercise Date) (“Additional Shares of Common Stock”), other than Excluded Stock (as defined below), at a price per share less than the Conversion Price then in effect $0.35 or without consideration, then the Conversion Exercise Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Fluoropharma Medical, Inc.

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to timefollowing the Issuance Date, issue or sell any additional shares of common stock Common Stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Manaris Corp

Adjustments for Issuance of Additional Shares of Common Stock. In the event the MakerBorrower, shall, at any time, from time to timeduring the period in which this Note is outstanding, issue or sell any additional shares of common stock Common Stock (otherwise than as provided in the foregoing subsections (i1.5(a) through (v) of this Section 3.5(ad) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Datedate hereof) (“Additional Shares of Common Stock”), other than Excluded Stock (as defined below), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Fluoropharma Medical, Inc.

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced adjusted to a that price equal (rounded to the consideration per share paid for such Additional Shares nearest cent) determined by multiplying each of Common Stock.the Conversion Price then in effect by a fraction:

Appears in 1 contract

Samples: Glowpoint Inc

Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common "ADDITIONAL SHARES OF COMMON Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: SEAMLESS Corp

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Adjustments for Issuance of Additional Shares of Common Stock. In the event the Maker, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.. SERIES A SENIOR CONVERTIBLE PROMISSORY NOTE PAGE 11 OF 23

Appears in 1 contract

Samples: In Touch Media Group, Inc.

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Maker, shall, at any time, from time to time, issue or sell any shares of additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.6(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced adjusted to a that price equal (rounded to the consideration per share paid for such Additional Shares nearest cent) determined by multiplying each of Common Stock.the Conversion Price then in effect by a fraction:

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Eden Energy Corp)

Adjustments for Issuance of Additional Shares of Common Stock. In the event the MakerCompany, shall, at any time, from time to time, issue or sell any shares of additional shares of common stock Common Stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a) 2 or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Purchase Price then in effect or without consideration, then the Conversion Purchase Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Green Mountain Capital Inc.

Adjustments for Issuance of Additional Shares of Common Stock. In the event that the Maker, Maker shall, at any time, or from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) 3.5.1.1 through (v) 3.5.1.5 of this Section 3.5(a) 3.5.1, or Permitted Issuances, or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance or sale shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: VistaGen Therapeutics, Inc.

Adjustments for Issuance of Additional Shares of Common Stock. In the event the MakerCompany, shall, at any time, from time to time, issue or sell any shares of additional shares of common stock Common Stock (otherwise than as provided in the foregoing subsections sections (ia) through (vc) of this Section 3.5(a) 5 or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) ("Additional Shares of Common Stock"), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Green Mountain Capital Inc.

Adjustments for Issuance of Additional Shares of Common Stock. (1) In the event the Maker, shall, at any time, from time to time, Company shall issue or sell any additional shares of common stock prior to the Mandatory Conversion Date (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a) or pursuant to Common Stock Equivalents (hereafter defined) or Common Stock granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without considerationconsideration (the “New Conversion Price”), then the Conversion Price upon each such issuance shall be reduced to a price an amount equal to the consideration per share paid for such Additional Shares of Common StockNew Conversion Price.

Appears in 1 contract

Samples: Security Agreement (NovaRay Medical, Inc.)

Adjustments for Issuance of Additional Shares of Common Stock. In the event the MakerCyber, shall, at any time, from time to time, issue or sell any additional shares of common stock (otherwise than as provided in the foregoing subsections (i) through (v) of this Section 3.5(a3.4(a) or pursuant to Common Stock Equivalents (hereafter defined) granted or issued prior to the Issuance Date) (“Additional Shares of Common Stock”), at a price per share less than the Conversion Price then in effect or without consideration, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such Additional Shares of Common Stock.

Appears in 1 contract

Samples: Cyber Defense Systems Inc

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