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

Issuance of Additional Shares of Common Stock. (i) In the event the Issuer, shall, at any time, from time to time, issue or sell any shares of Common Stock (including Treasury Shares) for a consideration per share less than the Warrant Price then in effect for the Warrant immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Warrant Price then in effect for the Warrants shall be reduced to a price equal to the consideration per share paid for such Common Stock and the number of shares of Common Stock for which this Warrant is exercisable shall be increased by the product of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such issuance or sale multiplied by the Dilution Percentage. "

Appears in 10 contracts

Samples: Speedcom Wireless Corp, Speedcom Wireless Corp, Speedcom Wireless Corp

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Issuance of Additional Shares of Common Stock. (i) In the event the Issuer, shall, at any time, from time to time, issue or sell any shares of Common Stock (including Treasury Shares) to a third party other than the Holder of this Warrant for a consideration per share less than the Warrant Price then in effect for the Warrant immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Warrant Price then in effect for the Warrants shall be reduced to a price equal to the consideration per share paid for such Common Stock and the number of shares of Common Stock for which this Warrant is exercisable shall be increased by the product of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such issuance or sale multiplied by the Dilution Percentage. "

Appears in 3 contracts

Samples: Medix Resources Inc, Vertel Corp, Vertel Corp

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Issuance of Additional Shares of Common Stock. (i) In the event the Issuer, shall, at any time, from time to time, issue or sell any shares of Common Stock (including Treasury Shares) to a third party other than the Holder of this Warrant for a consideration per share less than the Warrant Price then in effect for the Warrant immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Warrant Price then in effect for the Warrants shall be reduced to a price equal to the consideration per share paid for such Common Stock and the number of shares of Common Stock for which this Warrant is exercisable shall be increased by the product of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such issuance or sale multiplied by the Dilution Percentage. "

Appears in 1 contract

Samples: Telenetics Corp

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