Common use of No Adjustment of Conversion Price Clause in Contracts

No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which the Series C Preferred Stock is convertible shall be made, by adjustment in the applicable Conversion Price thereof, unless (A) the consideration per share (determined pursuant to Subsection 6(d)(v) below) for an Additional Share of Common Stock issued or deemed to be issued by the Company is less than the Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Shares, or (B) prior to such issuance, the Company receives written notice from the holders of at least a majority of the voting power of all then outstanding shares of Series A Preferred, Series B Preferred and Series C Preferred Stock, voting together as a single class, agreeing that no such adjustment shall be made as the result of the issuance of Additional Shares of Common Stock.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc)

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No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which the Series C E Preferred Stock is convertible shall be made, by adjustment in the applicable Conversion Price thereof, unless (A) unless the consideration per share (determined pursuant to Subsection 6(d)(v) below) for an Additional Share of Common Stock issued or deemed to be issued by the Company is less than the Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional Shares, or (B) if, prior to such issuance, the Company receives written notice from the holders of at least a majority of the voting power of all then outstanding shares of Series A Preferred, Series B Preferred and Series C E Preferred Stock, voting together as a single class, agreeing that no such adjustment shall be made as the result of the issuance of Additional Shares of Common Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc)

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No Adjustment of Conversion Price. No adjustment in the number of shares of Common Stock into which the Series C B Preferred Stock is convertible shall be made, by adjustment in the applicable Conversion Price thereof, : (a) unless (A) the consideration per share (determined pursuant to Subsection 6(d)(v4 (d) below(v)) for an Additional Share of Common Stock issued or deemed to be issued by the Company Corporation is less than the applicable Conversion Price in effect on the date of, and immediately prior to, the issue of such Additional SharesShares of Common Stock, or (Bb) if prior to such issuance, the Company Corporation receives written notice from the holders of at least a majority 50% of the voting power of all then outstanding shares of Series A Preferred, Series B Preferred and Series C Preferred Stock, voting together Stock as a single class, to which such adjustment would apply agreeing that no such adjustment shall be made as the result of the issuance of Additional Shares of Common Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Art Technology Group Inc)

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