Common use of Issuance of Warrants, Options or Other Rights Clause in Contracts

Issuance of Warrants, Options or Other Rights. In case the Company shall issue any warrants, options or other rights to subscribe for or purchase any Additional Shares of Capital Stock and the price per share for which Additional Shares of Capital Stock may at any time thereafter be issuable pursuant to such warrants, options or other rights shall be less than the Base Price, then upon such issuance the Warrant Price shall be adjusted as provided in subsection 6(d) hereof on the basis that the aggregate consideration for the Additional Shares of Capital Stock issuable pursuant to such warrants, options or other rights, shall be deemed to be the consideration received by the Company for the issuance of such warrants, options, or other rights plus the minimum consideration to be received by the Company for the issuance of Additional Shares of Capital Stock pursuant to such warrants, options, or other rights.

Appears in 7 contracts

Samples: Purchase Agreement (Global Markets Access LTD), Purchase Agreement (Global Markets Access LTD), Purchase Agreement (Annuity & Life Re Holdings LTD)

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Issuance of Warrants, Options or Other Rights. In case the --------------------------------------------- Company shall issue any warrants, options or other rights to subscribe for or purchase any Additional Shares of Capital Stock and the price per share for which Additional Shares of Capital Stock may at any time thereafter be issuable pursuant to such warrants, options or other rights shall be less than the Base PriceExercise Price per share of Common Stock hereunder, then upon such issuance the Warrant Exercise Price shall be adjusted as provided in subsection 6(d) hereof on the ---------- ---- basis that the aggregate consideration for the Additional Shares of Capital Stock issuable pursuant to such warrants, options or other rights, shall be deemed to be the consideration received by the Company for the issuance of such warrants, options, or other rights plus the minimum consideration to be received by the Company for the issuance of Additional Shares of Capital Stock pursuant to such warrants, options, or other rights.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Internet Capital Group Inc)

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