ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF. WARRANT EXERCISE SHARES In order to prevent dilution of the purchase rights granted under the Warrants, the number of Warrant Exercise Shares issuable upon exercise of each Warrant shall be subject to adjustment from time to time as provided in this Article V (in each case, after taking into consideration any prior adjustments pursuant to this Article V).
ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF. WARRANT SHARES 20 Section 6.1 Adjustments Generally 20 Section 6.2 Certain Mechanical Adjustments 20 Section 6.3 Dividends and Other Distributions 20 Section 6.4 Adjustments in Exercise Price 21 Section 6.5 Reclassification or Reorganization Event 21 Section 6.6 Adjustments for Certain Issuances and Repricings 22 Section 6.7 Notices of Changes in Warrant and Other Events 23 Section 6.8 No Fractional Shares 24 Section 6.9 Form of Warrant 24 Section 6.10 De Minimis Adjustments 24 ARTICLE 7 CONCERNING THE WARRANT AGENT 25 Section 7.1 Warrant Agent 25 Section 7.2 Conditions of Warrant Agent’s Obligations 25 Section 7.3 Resignation and Appointment of Successor 27
ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF. WARRANT EXERCISE SHARES In order to prevent dilution of the rights granted under the Warrant, the Exercise Price shall be subject to adjustment from time to time as provided in this Article IV, and the number of shares of Common Stock issuable upon exercise of the Warrant shall be subject to adjustment from time to time as provided in this Article IV; provided, however, if more than one subsection of this Article IV is applicable to a single event, the subsection shall be applied that produces the largest adjustment and no single event shall cause an adjustment under more than one subsection of this Article IV so as to result in duplication; and provided further, that in no event shall the Exercise Price be adjusted below a price that is less than the consolidated closing bid price of the Common Stock as reported by the NASDAQ Stock Market on the business day immediately prior to the Date of Issuance. Notwithstanding the foregoing, in the event that any adjustment to this Warrant is required pursuant to the provision of this Article IV prior to six months following the Date of Issuance, then and in such event any such adjustment shall be deferred and not be effective until the earlier of (i) the date that all of the shares of Series D Preferred Stock cease to be issued and outstanding or (ii) six months following the Date of Issuance.
ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF. WARRANT SHARES ISSUABLE
