Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 7, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 4 contracts
Sources: Securities Purchase Agreement (China Education Alliance Inc.), Securities Purchase Agreement (China Wind Systems, Inc), Securities Purchase Agreement (Malex Inc)
Adjustment to Conversion Price. Whenever the Conversion Price Value is adjusted pursuant to any of this Section 7, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price Value after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 2 contracts
Sources: Note Purchase Agreement (PCS Edventures Com Inc), Preferred Stock Purchase Agreement (Family Home Health Services, Inc.)
Adjustment to Conversion Price. Whenever the Conversion Price Value is adjusted pursuant to any of this Section 7, the Company Corporation shall promptly mail to each Holder a notice setting forth the Conversion Price Value after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company Corporation issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company Corporation shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 2 contracts
Sources: Preferred Stock Purchase Agreement (Computer Software Innovations Inc), Preferred Stock Purchase Agreement (Computer Software Innovations Inc)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 75, the Company shall promptly mail deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 2 contracts
Sources: Convertible Security Agreement (Power 3 Medical Products Inc), Securities Agreement (Power 3 Medical Products Inc)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 76, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 2 contracts
Sources: Convertible Security Agreement (Las Vegas Gaming Inc), Securities Agreement (Diomed Holdings Inc)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 73, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 1 contract
Sources: Convertible Note Agreement (Franklyn Resources Iii Inc)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any of this Section 75, the Company shall promptly mail to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. If the Company issues a variable rate security, despite the prohibition thereon in the Purchase Agreement, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion or exercise Conversion price at which such securities may be converted or exercised in the case of a Variable Rate Transaction (as defined in the Purchase Agreement), or the lowest possible adjustment price in the case of an MFN Transaction (as defined in the Purchase Agreement).
Appears in 1 contract
Sources: Loan Modification Agreement (Whispering Oaks International Inc)