Common use of Convertible Securities Clause in Contracts

Convertible Securities. (a) In case the Company shall issue or sell any Convertible Securities (including without limitation Additional Assets), other than Excluded Stock, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 4 contracts

Samples: BBM Holdings, Inc., BBM Holdings, Inc., Ohr Pharmaceutical Inc

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Convertible Securities. (a) In case the Company shall issue or sell any Convertible Securities (including without limitation Additional Assets), other than Excluded Stock, after the date hereof, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 4 contracts

Samples: Voting Agreement (Graphon Corp/De), Graphon Corp/De, Graphon Corp/De

Convertible Securities. (a) In case the Company shall issue or sell any securities convertible into Common Stock of the Company ("Convertible Securities (including without limitation Additional Assets), other than Excluded StockSecurities") after the date hereof, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 4 contracts

Samples: Subscription Agreement (Merrimac Industries Inc), Subscription Agreement (Merrimac Industries Inc), Subscription Agreement (Merrimac Industries Inc)

Convertible Securities. (a) In case the Company shall issue or sell any securities convertible into Common Stock of the Company ("Convertible Securities (including without limitation Additional Assets), other than Excluded StockSecurities") after the date hereof, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current minimum aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 2 contracts

Samples: Visx Inc, Visx Inc

Convertible Securities. (ax) In case the Company Corporation shall issue or sell any securities convertible into Common Stock of the Corporation (“Convertible Securities Securities”) (including without limitation Additional Assets), other than Excluded Stock) after the Original Issue Date, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i1) the total amount received or receivable by the Company Corporation as consideration for the issue or sale of such Convertible Securities, plus the then then-current minimum aggregate amount of additional consideration, if any, payable to the Company Corporation upon the conversion or exchange thereof, by (ii2) the maximum number of shares of Common Stock of the Company Corporation issuable upon the conversion or exchange of all of such Convertible SecuritiesSecurities for such then-current minimum aggregate amount of additional consideration.

Appears in 2 contracts

Samples: Subscription Agreement (Nano Vibronix, Inc.), Subscription Agreement (Nano Vibronix, Inc.)

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Convertible Securities. (a) In case the Company shall issue or sell any Convertible Securities (including without limitation Additional Assets), other than Excluded Stock, after the Original Issue Date, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 1 contract

Samples: Ohr Pharmaceutical Inc

Convertible Securities. (a) In case the Company shall issue ---------------------- or sell any securities convertible into Common Stock of the Company ("Convertible Securities (including without limitation Additional Assets), other than Excluded StockSecurities") after the date hereof, there shall be determined the price per share for which Common Stock is issuable upon the conversion or exchange thereof, such determination to be made by dividing (i) the total amount received or receivable by the Company as consideration for the issue or sale of such Convertible Securities, plus the then current aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof, by (ii) the maximum number of shares of Common Stock of the Company issuable upon the conversion or exchange of all of such Convertible Securities.

Appears in 1 contract

Samples: Rf Monolithics Inc /De/

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