Common use of Origination Share Pricing Reset Clause in Contracts

Origination Share Pricing Reset. In the event that the Public Offering is not completed before November 30th, 2016, so long as the Investor owns any of the Origination Shares at the time of a subsequent public offering where the pricing terms from paragraph 1.3.1 above would result in a lower Origination Share pricing, the Origination Shares pricing shall be subject to a reset based on the same pricing terms as described in paragraph 1.3.1 above (such that the Origination Shares issuance price would be reduced and the number of Origination Shares issued would be increased to equal the $200,000 aggregate Origination Share dollar amount). It is the Issuer's and the Investor's expectation that the issuance date of any repriced Origination Shares dates back to the effective date of this Agreement for purposes of Rule 144 under the Securities Act of 1933, as amended ("Rule 144").

Appears in 1 contract

Samples: Securities Purchase Agreement (Activecare, Inc.)

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Origination Share Pricing Reset. In the event that the Public Offering is not completed before November 30thApril 15, 20162017, so long as the Investor owns any of the Origination Shares at the time of a subsequent public offering where the pricing terms from paragraph 1.3.1 above would result in a lower Origination Share pricing, the Origination Shares pricing shall be subject to a reset based on the same pricing terms as described in paragraph 1.3.1 above (such that the Origination Shares issuance price would be reduced and the number of Origination Shares issued would be increased to equal the $200,000 aggregate Origination Share dollar amountDollar Amount). It is the Issuer's ’s and the Investor's ’s expectation that the issuance date of any repriced Origination Shares dates back to the effective date of this Agreement for purposes of Rule 144 under the Securities Act of 1933, as amended ("Rule 144").

Appears in 1 contract

Samples: Securities Purchase Agreement (Blue Sphere Corp.)

Origination Share Pricing Reset. In the event that the Public Offering is not completed before November 30thMay 15, 20162017, so long as the Investor owns any of the Origination Shares at the time of a subsequent public offering where the pricing terms from paragraph 1.3.1 above would result in a lower Origination Share pricing, the Origination Shares pricing shall be subject to a reset based on the same pricing terms as described in paragraph 1.3.1 above (such that the Origination Shares issuance price would be reduced and the number of Origination Shares issued would be increased to equal the $200,000 aggregate Origination Share dollar amountDollar Amount). It is the Issuer's ’s and the Investor's ’s expectation that the issuance date of any repriced Origination Shares dates back to the effective date of this Agreement for purposes of Rule 144 under the Securities Act of 1933, as amended ("Rule 144").

Appears in 1 contract

Samples: Securities Purchase Agreement (Duos Technologies Group, Inc.)

Origination Share Pricing Reset. In the event that the Public Offering Private Placement is not completed before November 30th, 2016within six months from the date hereof, so long as the Investor owns any of the Origination Shares at the time of a subsequent public offering where the pricing terms from paragraph 1.3.1 above would result in a lower Origination Share pricing, the Origination Shares pricing shall be subject to a reset based on the same pricing terms as described in paragraph 1.3.1 above (such that the Origination Shares issuance price would be reduced and the number of Origination Shares issued would be increased to equal the $200,000 aggregate Origination Share dollar amountDollar Amount). It is the Issuer's ’s and the Investor's ’s expectation that the issuance date of any repriced Origination Shares dates back to the effective date of this Agreement for purposes of Rule 144 under the Securities Act of 1933, as amended ("Rule 144").

Appears in 1 contract

Samples: Securities Purchase Agreement (Activecare, Inc.)

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Origination Share Pricing Reset. In the event that the Public Offering is not completed before November 30thMay 15, 20162017, so long as the Investor owns any of the Origination Shares at the time of a subsequent public offering where the pricing terms from paragraph 1.3.1 above would result in a lower Origination Share pricing, the Origination Shares pricing shall be subject to a reset based on the same pricing terms as described in paragraph 1.3.1 above (such that the Origination Shares issuance price would be reduced and the number of Origination Shares issued would be increased to equal the $200,000 aggregate Origination Share dollar amountDollar Amount). It is the Issuer's ’s and the Investor's ’s expectation that the issuance date of any repriced Origination Shares dates back to the effective date of this Agreement for purposes of Rule 144 under the Securities Act of 1933, as amended ("Rule 144").

Appears in 1 contract

Samples: The Securities Purchase Agreement (Car Charging Group, Inc.)

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