Common use of Rule 416 Clause in Contracts

Rule 416. The Company and the Investors each acknowledge that an indeterminate number of Registrable Securities shall be registered pursuant to Rule 416 under the Securities Act so as to include in such Registration Statement any and all Registrable Securities which may become issuable to prevent dilution resulting from stock splits, stock dividends or similar transactions.

Appears in 2 contracts

Sources: Registration Rights Agreement (Worldwideweb Institute Com Inc), Registration Rights Agreement (E4l Inc)

Rule 416. The Company and the Investors Purchasers each acknowledge that an indeterminate number of Registrable Securities shall be registered pursuant to Rule 416 under the Securities Act so as to include in such Registration Statement any and all Registrable Securities which may become issuable (i) to prevent dilution resulting from stock splits, stock dividends or similar transactions.transactions and (ii) if permitted by law, by reason of reductions in the Conversion Price

Appears in 1 contract

Sources: Registration Rights Agreement (Objective Communications Inc)

Rule 416. The Company and the Investors each acknowledge that each Registration Statement prepared in accordance hereunder shall include an indeterminate number of Registrable Securities shall be registered pursuant to Rule 416 under the Securities 1933 Act so as to include in such Registration Statement cover any and all Registrable Securities which may become issuable (i) to prevent dilution resulting from stock splits, stock dividends or similar transactions.stock

Appears in 1 contract

Sources: Registration Rights Agreement (North American Datacom Inc)