Common use of Additional Warrant Shares Clause in Contracts

Additional Warrant Shares. If after the Registration Statement registering the Warrant Shares required by Section 2(a) of the Registration Rights Agreement has been declared effective by the Securities and Exchange Commission, (i)(A) sales of Warrant Shares can no longer be made pursuant to such Registration Statement, (B) such Registration Statement is no longer effective, or (C) the Common Stock is not listed or included for quotation on the Nasdaq Capital Market, the Nasdaq National Market, the New York Stock Exchange or the American Stock Exchange and (ii) the Holder no longer holds any portion of the Notes (or Conversion Shares into which they have been converted) (each of such events, a “Default Event”) and such Default Event exists without interruption for more than five (5) business days, then this Warrant will become exercisable for an additional number of shares of Common Stock (the “Additional Warrant Shares”) equal to (s) the number of Warrant Shares then issuable upon exercise of the Warrant assuming a cashless exercise pursuant to Section 3(d) of this Warrant, multiplied by (t) ten hundredths (.

Appears in 2 contracts

Sources: Security Agreement (Matritech Inc/De/), Securities Agreement (Matritech Inc/De/)

Additional Warrant Shares. If after the Registration Statement registering the Warrant Shares required by Section 2(a) of the Registration Rights Agreement has been declared effective by the Securities and Exchange Commission, (i)(A) sales of Warrant Shares can no longer be made pursuant to such Registration Statement, (B) such Registration Statement is no longer effective, or (C) the Common Stock is not listed or included for quotation on the Nasdaq Capital Market, the Nasdaq National Global Market, the Nasdaq Global Select Market, the New York Stock Exchange or the American Stock Exchange and (ii) the Holder no longer holds any portion of the Notes (or Conversion Shares into which they have been converted) (each of such events, a “Default Event”) and such Default Event exists without interruption for more than five (5) business days, then this Warrant will become exercisable for an additional number of shares of Common Stock (the “Additional Warrant Shares”) equal to (s) the number of Warrant Shares then issuable upon exercise of the Warrant assuming a cashless exercise pursuant to Section 3(d) of this Warrant, multiplied by (t) ten hundredths (.

Appears in 1 contract

Sources: Securities Agreement (Matritech Inc/De/)