Common use of Issuance of Additional Stock below Purchase Price Clause in Contracts

Issuance of Additional Stock below Purchase Price. Except in the event of a reduction as provided in Section 4(e) in which case this Section 4(f) shall not apply, the Warrant Price shall be subject to adjustment from time to time if the Company shall issue, after the Date of Grant any Additional Stock (as defined below) without consideration or for a consideration per share less than the Warrant Price in effect immediately prior to the issuance of such Additional Stock and less than the fair market value (as determined in accordance with Section 10.2(c), the Warrant Price in effect immediately prior to each such issuance shall automatically be adjusted as set forth in this Section 4(f), unless otherwise provided in this Section 4(f).

Appears in 8 contracts

Samples: Note Purchase Agreement (Kennedy Wilson Inc), Note Purchase Agreement (Kennedy Wilson Inc), Note Purchase Agreement (Kennedy Wilson Inc)

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Issuance of Additional Stock below Purchase Price. Except in If the event of a reduction as provided in Section 4(e) in which case this Section 4(f) shall not apply, the Warrant Price shall be subject to adjustment from time to time if the Company shall Corporation should issue, at any time after the Date date upon which any shares of Grant Series A, Series B, Series C and Series D Preferred Stock were first issued (the “Purchase Date” with respect to such series), any Additional Stock (as defined below) without consideration or for a consideration per share less than the Warrant Conversion Price for such series in effect immediately prior to the issuance of such Additional Stock and less than the fair market value (as determined which would not otherwise result in accordance with an adjustment pursuant to this Section 10.2(c4), the Warrant Conversion Price for such series in effect immediately prior to each such issuance shall automatically be adjusted as set forth in this Section 4(f4(d)(i), unless otherwise provided in this Section 4(f4(d)(i).

Appears in 2 contracts

Samples: Preferred Stock Warrant Agreement (Zoosk, Inc), Zoosk, Inc

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