Common use of Adjustment Event Clause in Contracts

Adjustment Event. If and whenever the Company or (pursuant to arrangements with the Company) any other person or entity shall offer any securities in connection with which offer Shareholders as a class are entitled to participate in arrangements whereby such securities may be acquired by them, the Exercise Price shall be subject to adjustment in accordance with this Section 12(i). However, if any such offer also causes the Exercise Price to be adjusted within the terms of Section 12(d) (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders) or Section 12(e) (Issue of Other Securities to Shareholders) (or would cause the Exercise Price to be so adjusted if the relevant Consideration per Common Share was less than 100% of the Current Market Price per Common Share on the relevant Exchange Business Day), the Exercise Price shall not be subject to adjustment in accordance with this Section 12(i).

Appears in 4 contracts

Samples: Warrant Agreement (Glencore International PLC), Warrant Agreement (Polymet Mining Corp), Warrant Agreement (Glencore Holding Ag)

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Adjustment Event. If and whenever the Company or (pursuant to arrangements with the Company) any other person or entity shall offer any securities in connection with which offer Shareholders as a class are entitled to participate in arrangements whereby such securities may be acquired by them, the Exercise Price shall be subject to adjustment in accordance with this Section 12(i13(i). However, if any such offer also causes the Exercise Price to be adjusted within the terms of Section 12(d13(d) (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders) or Section 12(e13(e) (Issue of Other Securities to Shareholders) (or would cause the Exercise Price to be so adjusted if the relevant Consideration per Common Share was less than 100% of the Current Market Price per Common Share on the relevant Exchange Business Day), the Exercise Price shall not be subject to adjustment in accordance with this Section 12(i13(i).

Appears in 3 contracts

Samples: Warrant Agreement (Polymet Mining Corp), Warrant Agreement (Glencore Holding Ag), Purchase Agreement (Polymet Mining Corp)

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