Common use of Change in Option Price or Conversion Rate Clause in Contracts

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 6 contracts

Samples: Omni Energy Services Corp, Singing Machine Co Inc, Singing Machine Co Inc

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Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common StockStock (in each such case, other than under or by reason of provisions designed to protect against dilution), then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 4 contracts

Samples: Ener1 Inc, Ener1 Inc, Securities Purchase Agreement (Raptor Networks Technology Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution), the Exercise Conversion Price in effect at the time of such change shall be readjusted to the Exercise Conversion Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ener1 Inc), Verso Technologies Inc

Change in Option Price or Conversion Rate. If there is a change at any time in (xa) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yb) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (zc) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Network Commerce Inc), Securities Purchase Agreement (Cambridge Heart Inc)

Change in Option Price or Conversion Rate. If there is a -------------------------------------------- change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Exchange Agreement (Citadel Security Software Inc), Securities Purchase Agreement (Citadel Security Software Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B4(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Omni Energy Services Corp, Omni Energy Services Corp

Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Diomed Holdings Inc, Diomed Holdings Inc

Change in Option Price or Conversion Rate. If ----------------------------------------- there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common StockStock (in each such case, other than under or by reason of provisions designed to protect against dilution), then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 2 contracts

Samples: Raptor Networks Technology Inc, Raptor Networks Technology Inc

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Change in Option Price or Conversion Rate. If there is a change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveof this Warrant; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lipid Sciences Inc/)

Change in Option Price or Conversion Rate. If there is a change at any time in (xA) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yB) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (zC) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 1 contract

Samples: Waverider Communications Inc

Change in Option Price or Conversion Rate. If there is a change at any time in (xA) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (yB) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (zC) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution), the Exercise Price Exchange Rate in effect at the time of such change shall be readjusted to the Exercise Price Exchange Rate which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 1 contract

Samples: Share Exchange Agreement (Diomed Holdings Inc)

Change in Option Price or Conversion Rate. If there is a change at any time in (xi) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase RightsOptions; (yii) the amount of additional consideration, if any, payable to the Company upon the conversionexercise, exercise conversion or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) aboveSecurities; or (ziii) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then Stock (in any each such case, other than under or by reason of provisions designed to protect against dilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change shall will be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights Options or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange conversion rate, as the case may be, at the time initially granted, issued or sold.

Appears in 1 contract

Samples: Virologic Inc

Change in Option Price or Conversion Rate. If there is a ----------------------------------------- change at any time in (x) the purchase price or amount of additional consideration payable to the Company upon the exercise of any Purchase Rights; (y) the amount of additional consideration, if any, payable to the Company upon the conversion, exercise or exchange of any Convertible Securities the adjustment for which is not otherwise covered under Section 6(c)(ii)(B) above; or (z) the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for Common Stock, then in any such case, the Exercise Price in effect at the time of such change shall be readjusted to the Exercise Price which would have been in effect at such time had such Purchase Rights or Convertible Securities still outstanding provided for such changed purchase price, additional consideration or changed conversion, exercise or exchange rate, as the case may be, at the time initially issued or sold.

Appears in 1 contract

Samples: Citadel Security Software Inc

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