Common use of Adjustment of Underlying Warrants' Exercise Price and Securities Issuable Upon Exercise of Underlying Warrants Clause in Contracts

Adjustment of Underlying Warrants' Exercise Price and Securities Issuable Upon Exercise of Underlying Warrants. With respect to any of the Underlying Warrants, whether or not the Warrants have been exercised and whether or not the Warrants are issued and outstanding, the exercise price for, and the number of, Underlying Warrant Shares issuable upon exercise of the Underlying Warrants shall be automatically adjusted in accordance with Section 9 of the Public Warrant Agreement, upon the occurrence of any of the events described therein. Thereafter, until the next such adjustment or until otherwise adjusted in accordance with this Section 8, the Underlying Warrants shall be exercisable at such adjusted exercise price and for such adjusted number of Underlying Warrant Shares.

Appears in 5 contracts

Samples: Warrant Agreement (Recovery Network Inc), Warrant Agreement (Sherwood Brands Inc), Warrant Agreement (On Stage Entertainment Inc)

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Adjustment of Underlying Warrants' Exercise Price and Securities Issuable Upon Exercise of Underlying Warrants. With respect to any of the Underlying Warrants, whether or not the Warrants have been exercised and whether or not the Warrants are issued and outstanding, the exercise price for, and the number of, Underlying Warrant Shares issuable upon exercise of the Underlying Warrants shall automatically be automatically proportionately adjusted in accordance with Section 9 of the Public Warrant Agreement, upon the occurrence of any of the events described therein. Thereafter, until the next such adjustment or until otherwise adjusted in accordance with this Section 8, the Underlying Warrants shall be exercisable at such adjusted exercise price and for such adjusted number of Underlying Warrant Shares.

Appears in 1 contract

Samples: Warrant Agreement (American Card Technology Inc)

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