Common use of Most Favored Nation Provision Clause in Contracts

Most Favored Nation Provision. Any time the Company effects a subsequent financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing based on the then outstanding principal amount of the Note plus any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each the Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note plus any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingSubsequent Financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financing, each the Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing based on the then outstanding principal amount of the Note plus any other fees then owed by the Company to the Purchaser, and at the effective price at which such securities are sold in such subsequent financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingSubsequent Financing.

Most Favored Nation Provision. Any Other than an Exempt Issuance, any time the Company effects a subsequent financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing based on the then outstanding principal amount of the Note plus any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingfinancing and the number of securities purchasable upon exercise by the Warrant.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes Stock and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note Stock plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingSubsequent Financing.

Most Favored Nation Provision. Any time the Company effects a any subsequent financingfinancing while the Note is outstanding, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing based on the then outstanding principal amount of the Note plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingSubsequent Financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes Debentures and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note Debenture plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financingSubsequent Financing.

Most Favored Nation Provision. Any time the Company effects a subsequent financingSubsequent Financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes Stock and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing Subsequent Financing based on the then outstanding principal amount of the Note Stock plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financing.Subsequent Financing. ARTICLE V.

Most Favored Nation Provision. Any time the Company effects a subsequent financing, each Purchaser may elect, in its sole discretion, to exchange all or some of its Notes and Warrants (treated for this purpose only as a unit) then held by it for the securities issued in a subsequent financing based on the then outstanding principal amount of the Note plus accrued but unpaid interest and any other fees then owed by the Company to the Purchaser, and the effective price at which such securities are sold in such subsequent financing.