Anti-Dilution. The conversion price of the convertible and the exercise price of the warrants will be subject to full ratchet anti-dilution adjustment in the event that the Company issues additional equity or equity-linked securities, referred to herein as "derivatives" (other than for specific "carve out" issuances) at a purchase or conversion price that is less than the applicable conversion price of the debentures or strike price of the warrants. This adjustment shall not apply to (i) outstanding derivatives as of the date hereof (provided no amendments to the conversion or exercise prices thereof are made); or (ii) options granted by the Company to employees and directors under current incentive stock options plans (whether qualified or not) if such future options are granted with exercise prices at least equal to the Company's stock price on the grant dates. ADJUSTMENT FOR ISSUANCE OF SHARES AT LESS THAN THE CONVERSION PRICE: If and whenever any additional Common Stock shall be issued by Company for a consideration per share less than the Conversion Price, then in each such case the initial Conversion Price shall be reduced to a new Conversion Price in an amount equal to the price per share for the additional Common Stock then issued, if issued in connection with a sale of shares, or the value of the additional Common Stock then issued, as determined in accordance with generally accepted accounting principles, if issued other than for cash, and the number of shares issuable to Holder upon conversion shall be proportionately increased.
Anti-Dilution. The Subscribers shall be granted a bonus warrant (the "Bonus Warrant") to acquire additional Common Shares in accordance with the formula below, at a price of US$0.001 per additional Common Share for a period of one year following Closing, if at any time the Company shall issue or sell any additional Common Shares to a third party other than the Subscriber in exchange for consideration in an amount per additional Common Share which is less than US$2.00 per additional Common Share. The number of additional Common Shares which the Bonus Warrant holder will be entitled to acquire upon any such issuance shall be determined by multiplying the Unit Price by a fraction:
Anti-Dilution. All share amounts set forth herein shall be subject to equitable adjustment in the event of stock splits, stock dividends, reverse stock splits, other similar recapitalizations, and issuances of IOG Common Stock (or securities convertible into IOG Common Stock) at less than fair market value (as determined from time to time by the Board of Directors, consistent with their duty of care); provided, however, that such equitable adjustment shall be used only to preserve and not increase the benefits herein to the relevant party.
Examples of Anti-Dilution in a sentence
Anti-Dilution Provisions: Rights will have the benefit of certain customary anti-dilution provisions.
Upon request of the Intermediary, Fund agrees to provide to the Intermediary, along with any written instructions to prohibit further purchases or exchanges of Shares by Shareholder, information regarding those trades of the contract holder that violated the Fund Anti-Dilution Policies.
After the payment of the full applicable Preference Value of each share of the Series B Preferred Stock as set forth herein, the remaining assets of the Corporation legally available for distribution, if any, shall be distributed ratably to holders of the Corporation's Common Stock.Conversion and Anti-Dilution.
The Anti-Dilution Rights are based on the percentage that the Commitment Shares bear to 199,885,350 shares (the “4.99% Share Amount”) (199,885,350 shares is 4.99% of 4,005,718,437 currently outstanding shares of Company common stock).
Anything herein to the contrary notwithstanding, the Corporation shall not be required to make any adjustment of the Conversion Price in the case of the issuance or sale from and after the date of filing of this Certificate of Designations of Anti-Dilution Excluded Securities (as defined below).
More Definitions of Anti-Dilution
Anti-Dilution. As set forth in Section 3.4 above, Varges George is the solx xxxxxxxxxxx of Advanced and the principal shareholder of Inamco. Therefore the shares of stock received by Mr. George shall be subjxxx xx xx anti dilution clause so that Mr. George shall be issuxx xxxxxxxnal shares to ensure that he retains at least seventy (70%) of the issued and outstanding shares of Inamco. This clause is in consideration for this Agreement, the Agreement between Inamco and Advanced Diagnostics, Inc., Mr. George's employment xxxxxxxxx xxth Inamco as President and Chief Executive Officer, and his services as the Chairman of the Board of Directors to Inamco.
Anti-Dilution. In the event of any stock split, stock dividend, stock combination, reorganization, recapitalization, merger, consolidation, or other similar transaction, there will be a proportionate adjustment to the Conversion Price then in effect and the securities into which the Preferred Stock is convertible, to the extent necessary to prevent dilution of the Preferred Stock's conversion rights.
Anti-Dilution. Weighted average proportional anti-dilution adjustments in the event of below market stock issuances, distributions, subdivisions, splits, combinations and reverse splits. Registration Rights: None Transferability: The Warrants shall not be transferable, except to: (a) trusts, estates, partnerships and other entities whose primary owners and/or primary beneficiaries are holders of any Warrants; (b) members of the family of any holder of any Warrants; (c) affiliates and subsidiaries of any holder of any Warrant; and (d) other holders of any Warrants. Voting Rights: None SCHEDULE 1 List of Filing Entities
Anti-Dilution. The Warrants will have anti-dilution protection with respect to future stock dividends, extraordinary cash dividends, stock splits, self-tenders by Vesta, issuances of options and convertible securities and issuances of Vesta Common Stock below the then-current market price.
Anti-Dilution. Standard weighted average adjustment provisions for sales of equity at prices below the Conversion Price, determined on a weighted average basis, provided, however, no adjustment (a) for issuances of equity by the Company in connection with mergers or acquisitions transactions or (b) if the Company issues options under option plans approved by the Board at prices below fair market value.
Anti-Dilution. In the event the Company issues at any time while Preferred Stock are still outstanding Common Stock or any type of securities giving right to Common Stock at a price below the Issue Price, the Investor shall be extended weighted anti-dilution protection on the Preferred Stock and the Warrants.
Anti-Dilution. Provision: If the Company issues or sells any common shares at a price less than the Preferred Shares' Conversion Price, the Conversion Price will be reduced to equal the lowest price received by the Company for such issuance or sale. The Company may grant or issue any warrants, rights or options for the purchase of common shares or any stock or security convertible into or exchangeable for common shares (such warrants, rights or options being called "Options" and such convertible or exchangeable stock or securities being called "Convertible Securities"). If the price per share for which common shares are issuable upon the exercise of such Options or the exchange of such Convertible Securities will be less than the Conversion Price in effect immediately prior to issuing the Options or Convertible Securities, the total maximum number of common shares issuable upon the exercise of such Options or the exchange of such Convertible Securities will be deemed to have been issued. There will be no adjustment of the Conversion Price upon the actual issuance of Common Shares upon the exercise of Options or exchange of Convertible Securities. If the price per share for which common shares are issueable upon the exercise or the exchange of Convertible Securities subsequently changes, the Conversion Price will be adjusted, but only if the effect is to reduce the Conversion Price. On the termination of any Options or right to exchange or convert Convertible Securities, the Conversion Price then in effect will be increased to the price which would have been in effect, had such Options or Convertible Securities, to the extent outstanding immediately prior to such termination, never been issued.