Additional Purchase Right. (a) From the date hereof until the until the six month anniversary of the Closing Date, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers, additional debentures with a principal aggregate amount of up to $150,000 (such debentures, the “Additional Debentures”) and warrants to purchase 170,713 Ordinary Shares with an exercise price equal to the Exercise Price (such warrants, the “Additional Warrants,” and together with the Additional Debentures, the “Additional Securities”), on a pro rata basis. The right to receive the Additional Securities, pursuant to this Section 4.13, shall be referred to herein as the “Purchaser Additional Rights”).
Additional Purchase Right. Following the Initial Closing, the Investors shall have the right to purchase (the “Additional Purchase Right”), up to an additional 8,000 shares of Series B Preferred (the “Additional Series B Preferred Shares”) and 71,528 shares of Series C Preferred (the “Additional Series C Preferred Shares,” and together with the Additional Series B Preferred Shares, the “Additional Preferred Shares”) in the same proportions as the Initial Closing for an aggregate purchase price of up to $8,000,000 in cash (the “Additional Shares Purchase Price”) to be paid to the Company on one or more Subsequent Closing Dates if, and only if, the Investors exercise the Additional Purchase Right. The Initial Closing Preferred Shares and the Additional Preferred Shares are collectively referred to herein as the “Preferred Shares.”
Additional Purchase Right. Each Purchaser or its assigns shall have the right (the "ADDITIONAL PURCHASE RIGHT"), during the Additional Purchase Period (as defined below), to purchase from the Seller, up to the number of shares of additional Preferred Stock as indicated next to such Purchaser's name on SCHEDULE 1 hereto under the heading "Number of Shares of Preferred Stock Subject to Additional Purchase Right", in whole or in part, at a purchase price of $15,000 per share, all on and subject to the terms and conditions set forth in this Article VIII. Upon the purchase of any shares of Preferred Stock pursuant to the Additional Purchase Right, the Purchaser or its assigns shall receive additional Warrants to purchase that number of shares of Common Stock as is equal to 20% of the number of shares of Common Stock into which such additional shares of Preferred Stock are convertible.
Additional Purchase Right. In the event that at Closing the Available Closing Purchaser Cash would not be sufficient to satisfy the condition in Section 9.3(d), then Sponsor and its Affiliates shall have the right (but not the obligation) to purchase immediately prior to the Closing additional shares of the Purchaser Class A Common Stock, valued at $10.00 per share for such purpose up to the amount of such deficiency subject to, substantially the same terms and conditions set forth in the Subscription Agreements.
Additional Purchase Right. 5 SECTION 2.1. ADDITIONAL SUBSCRIPTION RIGHTS ........................ 5
Additional Purchase Right. The Lead Investor shall have the right (“Additional Purchase Right”), upon ten (10) business days prior written notice to the Seller, to purchase up to an additional $1,500,000 in liquidation value of Series F 10% Cumulative Convertible Preferred Stock on the same terms and conditions as set forth herein (including without limitation the same warrant coverage and pricing as provided herein). In the event the Lead Investor exercises such Additional Purchase Right, the parties shall enter into the same transaction documentation, mutatis mutandis, as the documentation for the transactions contemplated hereby. The Seller may terminate this Additional Purchase Right at any time following the date which is one (1) year following the date the Registration Statement is declared effective by the Commission, provided that the Seller shall provide fifteen (15) business days prior written notice of such termination to the Lead Investor, and the Lead Investor may exercise its Additional Purchase Right during such 15-business day notice period. The Seller shall reserve 1,500 shares of Preferred Stock for the Lead Investor in contemplation of the exercise of such Additional Purchase Right.
Additional Purchase Right. In the event the Company issues securities representing ten percent (10%) or more of the Company on a fully-diluted basis (assuming for this purpose all exercisable securities and securities reserved for issuance from the Company’s stock option pool are outstanding), measured as of the date of issuance of such securities, in a transaction to which the right of first offer in Section 4.1 does not apply because such securities are Exempted Securities pursuant to Article IV(B), Section 4.4.1(d)(v) of the Certificate of Incorporation (an “Excepted Transactional Issuance”), the Company shall grant the Strategic Investor and each Investor the right, upon the terms and conditions set forth in this Section 4.2, to purchase a number of securities of the same type as the New Securities issued in the Excepted Transactional Issuance such that the percentage of securities of the Company held by the Strategic Investor or by such Investor immediately after giving effect to the issuance of such New Securities and the issuance and purchase by the Strategic Investor and/or the Investors of such securities pursuant to this Section 4.2 shall equal the percentage securities of the Company held by the Strategic Investor or the applicable Investor immediately prior to the Excepted Transactional Issuance. The Company shall, within five (5) days after the consummation of an Excepted Transactional Issuance provide written notice to the Strategic Investor and the Investors of the offer described in this clause. The Strategic Investor and each Investor shall have twenty (20) days from the date of such notice to provide the Company with written notice of its election to exercise all or a portion of its purchase right under this clause, and such purchase shall be consummated within thirty (30) days after the date of the Strategic Investor’s or Investor’s written election. The price per security for the offer related to an Excepted Transactional Issuance shall be the per security price of the New Securities issued in the Excepted Transactional Issuance.
Additional Purchase Right. (A) At any time prior to the First Anniversary Date, subject only to the conditions set forth in subsection (B) hereof, the Purchaser may elect to purchase from the Company such number of shares of Common Stock as shall increase the total number of shares of Common Stock acquired hereunder by the Purchaser to 51% of the Common Stock to be outstanding upon the closing of the sale, calculated without giving effect to the exercise of Schedule 8.13 Options set forth on Schedule 8.13 (whether or not such options have been exercised or are still outstanding at the time of such additional closing), and calculated without giving effect to the exercise of any unexercised stock options or warrants outstanding at the time of such additional closing. The purchase price for such shares shall be determined as follows:
Additional Purchase Right. (a) From the date hereof until the date which is six months after the Effective Date, each Purchaser may, in its sole determination, elect to purchase, severally and not jointly with the other Purchasers, additional debentures with a principal amount of up to such Purchasers Subscription Amount for the First and Second Closing (but not Warrants) (such securities, the “Additional Debentures” and such right to receive the Additional Debentures pursuant to this Section 4.19, the “Purchaser Additional Rights”).
Additional Purchase Right
