Adjustment of Exercise Price and Number of Shares Purchasable Sample Clauses
Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and number of Shares purchasable upon the exercise of each Warrant are subject to adjustment upon the occurrence of the events enumerated in this paragraph 13.
(a) In case the Corporation shall, while this Warrant remains in force, effect a recapitalization of such character that the Shares covered hereby shall be changed into or become exchangeable for a larger or smaller number of Shares, then thereafter, the number of Shares of the Corporation which the Holder hereof shall be entitled to purchase hereunder, shall be increased or decreased, as the case may be, in direct proportion to the increase or decrease in the number of Shares of the Corporation, by reason of such recapitalization, and the purchase price hereunder, per Share, of such recapitalized Shares shall in the case of an increase in the number of Shares be proportionately reduced, and in the case of a decrease in the number of Shares be proportionately increased.
(b) In case the Corporation shall, at any time prior to the exercise of a Warrant, consolidate or merge with, or shall transfer its property as an entirety to, or substantially as an entirety to, any other corporation, the Holder of a Warrant who thereafter exercises the same as herein provided shall be entitled to receive, for the purchase price per Share stated in the Warrant, that number of shares or other securities or property of the corporation resulting from such consolidation or merger or transfer to which each Share deliverable upon exercise of the Warrant would have been entitled, upon such consolidation or merger or transfer, had the Holder of such Warrant exercised his right to purchase and had said Share been issued and outstanding, and had such Holder been the holder of record of such Share at the time of such consolidation or merger or transfer.
(c) In case the Corporation shall at any time prior to the exercise of a warrant make any distribution of its assets to holders of its Common Stock by liquidating or partial liquidating dividend or by way of return of capital, or other than as a dividend payable out of earnings or any surplus legally available for dividends under the laws of the State of New York, then the Holder of a warrant who thereafter exercises the same as herein provided after the date of record for the determination of those holders of Common Stock entitled to such distribution of assets, shall be entitled to receive for the purchase price, in addition to each Share, the amount of suc...
Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of Warrant Shares purchasable upon the exercise of each Warrant are subject to adjustment from time to time as set forth in this Section 9.
Adjustment of Exercise Price and Number of Shares Purchasable. For purposes hereof, the term "
Adjustment of Exercise Price and Number of Shares Purchasable. The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:
Adjustment of Exercise Price and Number of Shares Purchasable. (a) (i) Except as otherwise provided in Section 8(b) and subject to the exceptions set forth in Section 8(c), in the event the Company shall, at any time or from time to time after the date hereof, (A) sell or issue for cash any shares of Common Stock for a consideration per share that is less than either (x) the Market Price of the Common Stock (as defined in Section 3(c)) on the last trading day preceding the date of such sale or issuance or (y) at any time prior to the first anniversary of the date of this Agreement, for a price per share that is less than the then-applicable Exercise Price on the last trading day preceding the date of such sale or issuance, (B) issue any shares of Common Stock as a stock dividend to the holders of shares of Common Stock, or (C) subdivide or combine the outstanding shares of Common Stock into a greater or lesser number of shares of Common Stock, then in each such case the Exercise Price in effect immediately prior to such event shall be changed to the Exercise Price (calculated to the nearest cent) determined by multiplying the Exercise Price in effect immediately prior thereto by a fraction, (1) the numerator of which shall be the sum of the number of shares of Common Stock outstanding immediately prior to the issuance of such additional shares and the number of shares of Common Stock that the aggregate consideration received (determined as provided in Section 8(b)) for the issuance of such additional shares would purchase at the Market Price and (2) the denominator of which shall be the sum of the number of shares of Common Stock outstanding immediately after the issuance of such additional shares; provided, however, if a sale or issuance satisfies conditions of both A(x) and A(y), only the adjustment that produces the greater change in the Exercise Price shall be made. Such adjustment shall be made successively whenever such an issuance is made.
Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of Warrant Shares purchasable upon the exercise of each Warrant are subject to adjustment from time to time as set forth in this Section 10.
(a) DECREASE OR INCREASE IN EXERCISE PRICE UPON SUBDIVISION OR COMBINATION. If the Company shall at any time subdivide or combine the outstanding shares of its Common Stock, the Exercise Price in effect immediately prior to such subdivision or combination shall be proportionately increased in the case of a combination or decreased in the case of a subdivision, effective at the close of business on the date of such subdivision or combination, as the case may be.
Adjustment of Exercise Price and Number of Shares Purchasable. If the Company shall at any time after the date hereof: (i) declare a dividend on the Shares payable in shares of its capital stock (whether common shares or of capital stock of any other class), (ii) subdivide its outstanding Shares, or
Adjustment of Exercise Price and Number of Shares Purchasable. If the Company shall at any time after the date
(i) declare a dividend on its common stock payable in shares of its capital stock (whether shares of common stock or of capital stock of any other class), (ii) subdivide its outstanding common stock, (iii) combine its outstanding common stock into a smaller number of shares, or (iv) issue any shares of its capital stock in connection with a consolidation or merger in which the Company is the continuing corporation, the Option Price in effect at the time of the record date for that dividend or of the effective date of that subdivision, combination, consolidation or merger, and/or the number and kind of shares of capital stock issuable on that date pursuant to the Options, shall be proportionately adjusted so that the Employee shall be entitled to receive the aggregate number and kind of shares of capital stock which, if the Options had been exercised immediately prior to that date, the Employee would have owned upon such exercise and been entitled to receive by virtue of that dividend, subdivision, combination, consolidation or merger. The foregoing adjustment shall be made successively whenever any event listed above shall occur.
Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of Warrant SHARES purchasable upon the exercise of each Warrant are subject to adjustment from time to time as set forth in this Section 10.
Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of shares of Common Stock purchasable pursuant to the Warrant shall be subject to adjustment from time to time as hereinafter set forth in this Section 3; provided, however, that no adjustment shall be made unless by reason of the happening of any one or more of the events hereinafter specified, the Exercise Price then in effect shall be changed by one percent or more, but any adjustment that would otherwise be required to be made but for this provision shall be carried forward and shall be made at the time of and together with any subsequent adjustment which, together with any adjustment or adjustments so carried forward, amounts to one percent or more.
(a) Adjustment of Exercise Price in the Event of Stock Dividends,