Common use of Adjustment of Exercise Price and Number of Exercise Shares Clause in Contracts

Adjustment of Exercise Price and Number of Exercise Shares. In the event of changes in the outstanding Common Stock of the Company by reason of stock dividends, split-ups, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares available under the Warrant in the aggregate and the Exercise Price shall be correspondingly adjusted to give the Holder of the Warrant, on exercise for the same aggregate Exercise Price, the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment; provided, however, that such adjustment shall not be made with respect to, and this Warrant shall terminate if not exercised prior to, the events set forth in Section 8 below. The form of this Warrant need not be changed because of any adjustment in the number of Exercise Shares subject to this Warrant.

Appears in 2 contracts

Samples: Warrant Agreement (Ziopharm Oncology Inc), Research and Development (Ziopharm Oncology Inc)

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Adjustment of Exercise Price and Number of Exercise Shares. In the event of changes in the outstanding Common Stock Equity of the Company by reason of stock dividends, split-ups, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares available under the Warrant in the aggregate and the Exercise Price shall be correspondingly adjusted to give the Holder of the Warrant, on exercise for the same aggregate Exercise Price, the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment; provided, however, that such adjustment shall not be made with respect to, and this Warrant shall terminate if not exercised prior to, the events set forth in Section 8 7 below. The form of this Warrant need not be changed because of any adjustment in the number of Exercise Shares subject to this Warrant.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Spark Networks PLC)

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Adjustment of Exercise Price and Number of Exercise Shares. In the event of changes in the outstanding Common Stock series of equity securities of the Company comprising the Exercise Shares by reason of stock dividends, split-upssplits, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations, or the like, the number and class of shares Exercise Shares available under the Warrant in the aggregate and the Exercise Price shall be be 6. correspondingly adjusted to give the Holder of the Warrant, on exercise for the same aggregate Exercise Price, the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment; provided, however, that such adjustment shall not be made with respect to, and this Warrant shall terminate if not exercised prior to, the events set forth in Section 8 7 below. The form For purposes of this Warrant need not be changed because of any adjustment in Section 5 and Section 7, the number of Exercise Shares subject to this Warrant.β€œ

Appears in 1 contract

Samples: Warrant Agreement (CalciMedica, Inc. /DE/)

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