Common use of In Connection With an Initial Public Offering Clause in Contracts

In Connection With an Initial Public Offering. In the event that the Company consummates an initial public offering of its Common Stock (the “IPO”) prior to the Maturity Date, the Outstanding Amount under this Senior Note shall automatically convert into an amount of shares of Common Stock equal to the 2011 Notes Conversion Shares multiplied by the Note Percentage. An example of the calculation of the 2011 Notes Conversion Shares, provided for illustrative purposes only, is attached hereto as Annex A.

Appears in 4 contracts

Samples: Rib-X Pharmaceuticals, Inc., Rib X Pharmaceuticals Inc, Rib X Pharmaceuticals Inc

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In Connection With an Initial Public Offering. In the event that the Company consummates an initial public offering of its Common Stock (the “IPO”) prior to the Maturity Date, the Outstanding Amount under this Senior Note shall automatically convert into an amount of shares of Common Stock equal to the 2011 2010 Notes Conversion Shares multiplied by the Note Percentage. An example of the calculation of the 2011 2010 Notes Conversion Shares, provided for illustrative purposes only, is attached hereto to the 2011 Notes as Annex A.

Appears in 1 contract

Samples: Promissory Note Purchase Agreement (Rib X Pharmaceuticals Inc)

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