Adjustment of Number of Warrant Shares Purchasable for Other Sample Clauses

Adjustment of Number of Warrant Shares Purchasable for Other. Events. If, prior the consummation of a Qualified Public Offering, the Company ------ shall issue (the "Issuance") any shares of Common Stock (other than the Warrant Shares and shares of Common Stock issuable pursuant to the exercise of agreements described on Schedule 3.3 hereto), securities convertible into shares ------------ of Common Stock or any options, rights or warrants to subscribe for or purchase shares of Common Stock (or securities convertible into shares of Common Stock), the number of Warrant Shares purchasable upon the exercise of each Warrant shall increase to such a number that upon the exercise of all Warrants, the Warrant Shares will represent (a) 0.30% of the outstanding shares of Common Stock on a Fully Diluted Basis immediately after the Issuance, if the Tranche B Revolving Commitment has not been terminated and the Tranche B Revolving Loan has not been paid in full on or prior to September 15, 1998, or (b) 0.21% of the outstanding shares of Common Stock on a Fully Diluted Basis immediately after such issuance if the Tranche B Revolving Commitment is terminated and the Tranche B Revolving Loan is paid in full on or before September 15, 1998; provided, however, that in the event that any adjustment is made to the number of Warrant Shares purchasable upon the exercise of each Warrant as the result of the issuance of options, warrants or other rights to acquire Common Stock or securities convertible into Common Stock and any of such options, warrants, rights or convertible securities expire, the number of Warrant Shares purchasable upon the exercise of each Warrant shall be readjusted to such number as would have been purchasable had such expired options, warrants, rights or convertible securities not been issued.
Sample 1
AutoNDA by SimpleDocs

Related to Adjustment of Number of Warrant Shares Purchasable for Other

  • Adjustment of Number of Shares Purchasable Upon any adjustment of the Exercise Price as provided in Section 4.1, 4.2 or 4.3 hereof, the Holder hereof shall thereafter be entitled to purchase upon the exercise of this Warrant, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (calculated to the nearest 1/100th of a share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable on the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

  • Adjustment of Number of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of Exercise Price.

  • Adjustment of Number of Warrant Shares and Exercise Price The number and kind of Warrant Shares 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 Warrant Shares Issuable The Exercise Price and the number and kind of Warrant Shares purchasable upon the exercise of each Warrant shall be subject to adjustment from time to time as follows:

  • Adjustment of Warrant Price and Number of Shares Issuable Upon Exercise The Warrant Price and the number of shares of Warrant Stock that may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.

  • Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights The Exercise Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Exercise Price, Number of Shares or Number of Rights The Exercise Price, the number and kind of shares or other property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Adjustment of Warrant Shares Simultaneously with any adjustment to the Exercise Price pursuant to paragraphs (a) through (d) of this Section 9, the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price payable hereunder for the increased or decreased number of Warrant Shares shall be the same as the aggregate Exercise Price payable for the Warrant Shares immediately prior to such adjustment.

  • Adjustment of Warrant Price and Number of Warrant Shares The number and kind of securities purchasable upon the exercise of each Warrant and the Warrant Price shall be subject to adjustment from time to time upon the happening of certain events, as hereinafter defined.

  • Adjustment in Number of Warrant Shares When any adjustment is required to be made in the Purchase Price pursuant to subsections 2(a) or 2(b), the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately after such adjustment.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!