RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES Sample Clauses

RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES. Xx. Xxxxxx hereby agrees that he will not, nor will he permit any other Initial Stockholder to, sell, at any time after the Tag- Along Trigger Event, all or any portion of the Issuable Shares owned by it unless, as part of such transaction, each holder of Purchaser Shares shall have the right (but not the obligation) to sell a proportionate amount of the Purchaser Shares then held by such holder at the same Imputed Price, on the same terms and to the same purchaser or purchasers (in the case of a private sale) or to the public (in the case of a public sale). For purposes of this Section 1, the "PROPORTIONATE AMOUNT" that a holder of Purchaser Shares shall be entitled to sell with respect to any proposed transaction shall be equal to the product (calculated as of the date of such proposed transaction) of:
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RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES. Each Management Stockholder hereby agrees that each such Person will not sell all or any portion of the Issuable Shares owned by such Person unless, as part of such transaction, each holder of Warrant Shares shall have the right to sell a proportionate amount of the Warrant Shares then held by such holder at the same price and on the same terms, and to the same purchaser or purchasers. For purposes of this Section 3.1, the "proportionate amount" which a holder of Warrant Shares shall be entitled to sell with respect to any proposed transaction shall be equal to the product (calculated as of the date of such proposed transaction) of:
Sample 1
RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES. The Continuing Investor hereby agrees that it will not sell to any party or parties in any twelve month period more than ten percent (10%) all or any portion of the Issuable Shares owned by it pursuant to a Covered Transaction unless, as part of such transaction, each holder of Purchaser Shares shall have the right (but not the obligation) to sell a proportionate amount of the Purchaser Shares then held by such holder at the same Imputed Price and on the same terms (or terms as similar as reasonably possible), and to the same purchaser or purchasers. For purposes of this Section 1, the "proportionate amount" which a holder of Purchaser Shares shall be entitled to sell with respect to any proposed transaction shall be equal to the product (calculated as of the date of such proposed transaction) of:
Sample 1
RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES. Each member of the Equity Securityholder Group hereby agrees that it will not Transfer all or any portion of the Issuable Shares owned by it (other than in an Exempt Transfer) to any third party unless, as part of such transaction, the Registrable Securityholder Group shall have the right (but, subject to Section 10, not the obligation) to Transfer Warrant Shares equal to the Securityholder Percentage of all Issuable Shares to be purchased by such third party at the same price and on the same terms as the Equity Securityholder Group. Each member of the Registrable Securityholder Group shall have the right to Transfer its Warrant Shares ratably in accordance with the respective number of Warrant Shares held by all other such members that will be Transferring Warrant Shares to such third party.
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Related to RIGHT TO SELL PROPORTIONATE NUMBER OF SHARES

  • Adjustment to Number of Shares Upon each adjustment of the Exercise Price, the number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient obtained by dividing (x) the product resulting from multiplying (i) the number of Shares issuable upon exercise of the Warrant, and (ii) the Exercise Price, in each case as in effect immediately before such adjustment by (y) the adjusted Exercise Price.

  • Adjustment of Exercise Price, Number of Shares or Number of Rights The Exercise Price, the number and kind of shares or other property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment in Number of Shares Upon each adjustment of the Exercise Price pursuant to the provisions of this Paragraph 4, the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable upon exercise of this Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

  • Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights The Exercise Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Purchase Price, Number of Shares or Number of Rights The Purchase Price, the number of Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Purchase Price; Number of Shares (a) The registered holder of this Warrant (the “Holder”), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company, at a price per share of $2.80 (the “Purchase Price”), 185,714 fully paid and nonassessable shares of the Company’s Series D Preferred Stock, (the “Exercise Quantity”), $0.001 par value (the “Preferred Stock”).

  • Number of Shares; Exercise Price This certifies that, for value received, Cede & Co., and any of its registered assigns, is the registered owner of the number of Warrants set forth on Schedule A hereto, each of which entitles the Warrantholder to purchase from the Company, upon the terms and subject to the conditions hereinafter set forth, a number of fully paid and nonassessable shares of Common Stock (each a “Share” and collectively the “Shares”) equal to the Warrant Share Number at a purchase price per share equal to the Exercise Price. The Warrant Share Number and the Exercise Price are subject to adjustment as provided herein, and all references to “Warrant Share Number” and “Exercise Price” herein shall be deemed to include any such adjustment or series of adjustments.

  • Adjustments to Number of Shares The number of shares of Common Stock subject to this Option shall be adjusted to take into account any stock splits, stock dividends, recapitalization of the Common Stock as provided in the Stock Option Plan.

  • Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights (a) (i) If the Company shall at any time after the date of this Agreement (A) pay a dividend on the Preferred Stock payable in shares of Preferred Stock, (B) subdivide the outstanding Preferred Stock into a greater number of shares, (C) combine the outstanding Preferred Stock into a smaller number of shares or (D) issue any shares of its capital stock in a reclassification of the Preferred Stock (including any such reclassification in connection with a consolidation or merger involving the Company), the Purchase Price in effect immediately prior to the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of Preferred Stock or other capital stock issuable on such date shall be proportionately adjusted so that each holder of a Right shall (except as otherwise provided herein, including Section 7(d)) thereafter be entitled to receive, upon exercise thereof at the Purchase Price in effect immediately prior to such date, the aggregate number and kind of shares of Preferred Stock or other capital stock, as the case may be, which, if such Right had been exercised immediately prior to such date and at a time when the applicable transfer books of the Company were open, such holder would have been entitled to receive upon such exercise and by virtue of such dividend, subdivision, combination or reclassification. If an event occurs which requires an adjustment under both this Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment required pursuant to Section 11(a)(ii).

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

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