Adjustment of Exercise Price and Number of Shares Purchasable. The Exercise Price and the number of Shares purchasable upon the exercise of each Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 12.
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 Prices of the Initial Warrants and the Second Warrants and the number of Shares purchasable upon the exercise of each Warrant are subject to adjustment from time to time as set forth in this Section 6.1.
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. The Exercise Price and the number of shares of Common Stock issuable upon the exercise of each Warrant in accordance with the provisions of this Agreement are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 11.
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. In case the Company shall at any time after the date of this Agreement (i) declare a dividend on the Common Stock in shares of its capital stock, (ii) subdivide the outstanding Common Stock, (iii) combine the outstanding Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock by reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving corporation), then in each case the Exercise Price, in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination, or reclassification shall be adjusted so that the holder of any Warrant exercised after such time shall be entitled to receive the number of shares of Common Stock or other capital stock of the Company which, if such Warrant had been exercised immediately prior to such time, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination, or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur. If as a result of an adjustment made pursuant to this Section 5(a), the holder of any Warrant thereafter exercised shall become entitled to receive shares of two or more classes of capital stock or shares of Common Stock and other capital stock of the Company, the Board of Directors of the Company (whose determination shall be conclusive) shall determine the allocation of the adjusted Exercise Price between or among shares of such classes of capital stock or shares of Common Stock and other capital stock. Upon each adjustment of the Exercise Price or the number of Shares as a result of the calculations made in this Section 5(a), each Warrant outstanding prior to the making of the adjustment in the Exercise Price or number of Shares shall thereafter evidence the right to purchase, at the adjusted Exercise Price, the adjusted number of Shares, without the necessity for issuing a replacement Warrant.
Adjustment of Exercise Price and Number of Shares Purchasable. 6 SECTION 15.
Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of shares of Common Stock --------------------- purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 12.
