Prohibited Transaction

Example Definitions of "Prohibited Transaction"
Prohibited Transaction. Means a transaction with a third party or third parties in which the Company issues or sells (or arranges or agrees to issue or sell): (a) any debt, equity or equity-linked securities (including options or warrants) that are convertible into, exchangeable or exercisable for, or include the right to receive Common Stock: (i) at a conversion, repayment, exercise or exchange rate or other price that varies over time based upon a discount to the future trading prices of, or quotations for,... Common Stock; or (ii) at a conversion, repayment, exercise or exchange rate or other price that is subject to being reset at some future date after the initial issuance of such debt, equity or equity-linked security or upon the occurrence of specified or contingent events, including but not limited to, in connection with anti-dilution provisions or other similar price protection provisions; or (b) any securities in a capital or debt raising transaction or series of related transactions which grant to an investor the right to receive additional securities based upon future transactions of the Company on terms more favorable than those granted to such investor in such first transaction or series of related transactions. Notwithstanding the foregoing, and for the avoidance of doubt, rights issuances, shareholder purchase plans, or Equity Plans shall not be deemed to be a Prohibited Transaction. View More Arrow
Found in Data Knights Acquisition Corp. contract
Prohibited Transaction. Means a A transaction with a third party or third parties in which the Company issues or sells (or arranges or agrees to issue or sell): (a) any debt, equity or equity-linked securities (including options or warrants) that are convertible into, exchangeable or exercisable for, or include the right to receive Common shares of the Company's Capital Stock: (i) at a conversion, repayment, exercise or exchange rate or other price that is based on, and/or varies over time based upon with, a discount... to the future trading prices of, or quotations for, shares of Common Stock; or (ii) at a conversion, repayment, exercise or exchange rate or other price that is subject to being reset at some future date after the initial issuance of such debt, equity or equity-linked security or upon the occurrence of specified or contingent events, including but not limited to, in connection with anti-dilution provisions or other similar price protection provisions; events (other than warrants that may be repriced by the Company); or (b) any securities in a capital or debt raising transaction or series of related transactions which grant to an investor the right to receive additional securities based upon future transactions of the Company on terms more favorable than those granted to such investor in such first transaction or series of related transactions. transactions; and are deemed to include transactions generally referred to as at-the-market transactions (ATMs) or equity lines of credit and stand-by equity distribution agreements, and convertible securities and loans having a similar effect. Notwithstanding the foregoing, and for the avoidance of doubt, rights issuances, shareholder stockholder purchase plans, any Equity Plan, convertible securities, or issuances of Equity Plans Interests, based on the trading price of the Common Stock on the Trading Market (as defined herein) but each at a fixed price per share, shall not be deemed to be a Prohibited Transaction. View More Arrow
Found in MARIZYME INC contract
Prohibited Transaction. Means a transaction with a third party or third parties in which the Company issues or sells (or arranges or agrees to issue or sell): (a) any debt, equity or equity-linked securities (including options or warrants) that are convertible into, exchangeable or exercisable for, or include the right to receive Common shares of the Company's Capital Stock: (i) at a conversion, repayment, exercise or exchange rate or other price that is based on, and/or varies over time based upon with, a discount to... the future trading prices of, or quotations for, shares of Common Stock; or (ii) at a conversion, repayment, exercise or exchange rate or other price that is subject to being reset at some future date after the initial issuance of such debt, equity or equity-linked security or upon the occurrence of specified or contingent events, including but not limited to, in connection with anti-dilution provisions or other similar price protection provisions; events (other than warrants that may be repriced by the Company); or (b) any securities in a capital or debt raising transaction or series of related transactions which grant to an investor the right to receive additional securities based upon future transactions of the Company on terms more favorable than those granted to such investor in such first transaction or series of related transactions. Notwithstanding the foregoing, transactions; 5 and for the avoidance of doubt, rights issuances, shareholder purchase plans, or Equity Plans shall not be doubt are deemed to be not include transactions generally referred to as at-the-market transactions (ATMs); provided that such ATMs do not exceed an aggregate amount of $5,000,000 for any twelve (12) month period determined on a Prohibited Transaction. rolling basis, but shall include equity lines of credit and stand-by equity distribution agreements, and convertible securities and loans having a similar effect. View More Arrow
Found in KNOW LABS, INC. contract
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Prohibited Transaction. Has the meaning set forth in ERISA (S)406 and Code (S)4975.
Found in SPECTRA SYSTEMS CORP contract
Prohibited Transaction. Means any transaction set forth in Section 406 of ERISA or Section 4975 of the Code.
Found in RESOURCE AMERICA, INC. contract
Prohibited Transaction. Shall mean any transaction by the Shareholder or any of its Affiliates which would result in the Beneficial Ownership by the Shareholder or any of its Affiliates, either individually or as a group, of the Common Stock in an amount in excess of the Current Shareholder Position.
Found in SOFTWARE SPECTRUM INC contract
Prohibited Transaction. Has the meaning set forth in ERISA ss.406 and Code ss.4975.
Found in BioScrip, Inc. contract
Prohibited Transaction. Has the meaning set forth in ERISA 406 and Code 4975.
Found in Dinewise, Inc. contract
All Definitions