Definition of Existing PIPE Securities

Existing PIPE Securities means the existing outstanding promissory notes convertible into shares of Common Stock and warrants to purchase shares of Common Stock issued in accordance with the Securities Purchase Agreement December 13, 2007, by and among the Company and the buyers listed on the Schedule of Buyers thereto, along with the Common Stock issued in connection therewith.

Examples of Existing PIPE Securities in a sentence

Except with respect to the Existing PIPE Securities, the issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Purchasers) and will not result in a right of any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any of such securities.