Adjustment of Exercise Price and Warrant Shares Sample Clauses

Adjustment of Exercise Price and Warrant Shares. The Exercise Price and number of Warrant Shares purchasable under the Series A Warrants are subject to adjustment from time to time as set forth in this Section 5.1. (a) In case the Company shall at any time: (i) subdivide the outstanding Common Shares into a larger number of shares other than pursuant to Section 5.1 (b), the Exercise Price in effect immediately prior to such subdivision shall be proportionately decreased, effective from and after the record date of such subdivision; and (ii) combine the outstanding Common Shares into a smaller number of shares by a reverse split or otherwise, the Exercise Price in effect immediately prior to such combination shall be proportionately increased, effective from and after the record date of such combination. Upon any adjustment in the Exercise Price pursuant to this Section 5.1 (a), the holder of any Series A Warrant shall thereafter be entitled to purchase, at the adjusted Exercise Price, the number of Warrant Shares, rounded down to the nearest whole share, obtained by multiplying the number of Warrant Shares purchasable hereunder immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment, and dividing the product thereof by the Exercise Price resulting from such adjustment. (b) In case the Company shall issue additional Common Shares as a special dividend on the Common Shares (a “Special Dividend”), from and after the day which is the record date for the determination of shareholders entitled to such Special Dividend, the holder of any Series A Warrant shall, until a further adjustment, be entitled to purchase the number of Warrant Shares, rounded down to the nearest whole share, obtained by multiplying the number of Warrant Shares purchasable hereunder immediately prior to said record date by a fraction, the numerator of which is the total number of Common Shares outstanding after the issuance of the Special Dividend, calculated on a fully diluted basis assuming the conversion of all outstanding convertible securities and the exercise of all outstanding options, warrants or other rights (including those with respect to convertible securities), and the denominator of which is the number of Common Shares outstanding immediately prior to said record date, calculated on a fully diluted basis assuming the conversion of all outstanding convertible securities and the exercise of all outstanding options, warrants, or other rights (including those with respect to conv...
AutoNDA by SimpleDocs
Adjustment of Exercise Price and Warrant Shares. The Exercise Price and the number of Warrant Shares shall be subject to adjustment from time to time upon the happening of certain events as described in this Section 3.
Adjustment of Exercise Price and Warrant Shares. If the Company shall subdivide its outstanding shares of Common Stock by stock split or stock dividend, the Exercise Price then existing hereunder shall proportionately decrease and if the Company shall combine its outstanding shares of Common Stock by stock combination, the Exercise Price then existing hereunder shall proportionately increase. If the Company shall subdivide its outstanding shares of Common Stock by stock split or stock dividend, the number of Warrant Shares issuable hereunder shall proportionately increase and if the Company shall combine its outstanding shares of Common Stock by stock combination, the number of Warrant Shares issuable hereunder shall proportionately decrease.
Adjustment of Exercise Price and Warrant Shares. The Exercise Price and Warrant Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 4. Upon each adjustment of the Exercise Price pursuant to Section 4.1 or 4.2, the Holder shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, and the number of Warrant Shares subject to this Warrant shall be deemed adjusted to represent, the number of Warrant Shares obtained by multiplying the Exercise Price in effect immediately prior to the adjustment of the Exercise Price by the number of Warrant Shares purchasable hereunder immediately prior to the adjustment of the Exercise Price and dividing the product thereof by the Exercise Price resulting from such adjustment.
Adjustment of Exercise Price and Warrant Shares. In the event of any adjustment (the "Series F Adjustment") of the Conversion Price of the Series F Preferred Stock (as such terms are defined in the Certificate of Incorporation of the Company, as amended), (a) the Warrant Share Number shall be adjusted to equal the number obtained by multiplying the Warrant Share Number, as in effect immediately prior to such Series F Adjustment, by a fraction, the numerator of which shall be the Conversion Price as in effect immediately prior to such Series F Adjustment and the denominator of which is the Conversion Price after giving effect to such Series F Adjustment; and (b) the Exercise Price shall be adjusted to equal the Conversion Price as in effect immediately after such Series F Adjustment.
Adjustment of Exercise Price and Warrant Shares. The number of Warrant Shares (or any shares of stock or other securities or property at the time receivable or issuable upon exercise of this Warrant) and the Warrant Price therefor are subject to adjustment upon the occurrence of the following events:
Adjustment of Exercise Price and Warrant Shares. The Exercise Price and number of Warrant Shares purchasable under the Series B Warrants are subject to adjustment from time to time as set forth in this Section 5.1. (a) In case the Company shall at any time: (i) subdivide the outstanding Common Shares into a larger number of shares other than pursuant to Section 5.1 (b), the Exercise Price in effect immediately prior to such subdivision shall be proportionately decreased, effective from and after the record date of such subdivision; and 8
AutoNDA by SimpleDocs
Adjustment of Exercise Price and Warrant Shares. The Exercise Price and the number of Shares subject to this Warrant shall be subject to adjustment from time to time as follows:
Adjustment of Exercise Price and Warrant Shares. The number of Warrant Shares issuable upon the exercise of this Warrant and the Exercise Price thereof shall be subject to adjustment during the term of this Warrant, and the Company agrees to provide notice upon the happening of certain events, as follows:
Adjustment of Exercise Price and Warrant Shares. (a) If at any time prior to the expiration of the Warrants by their terms or by exercise, the Company increases or decreases the number of its issued and outstanding shares of Common
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!