Adjustment of Warrant Exercise Price. Upon any adjustment of the Warrant Number as provided in Sections 2.1, the Warrant Exercise Price shall be adjusted to be equal to the product of (i) the Warrant Exercise Price in effect immediately prior to such adjustment multiplied by (ii) the quotient of the Warrant Number in effect immediately prior to such adjustment divided by the Warrant Number in effect immediately after such adjustment.
Adjustment of Warrant Exercise Price. In order to prevent dilution of the rights granted under this Warrant, the Warrant Exercise Price shall be adjusted from time to time as follows:
Adjustment of Warrant Exercise Price. The Warrant Exercise Price of this Warrant shall be adjusted from time to time as follows:
Adjustment of Warrant Exercise Price. Upon each adjustment in the number of Warrant Shares purchasable hereunder, the Warrant Exercise Price shall be proportionately increased or decreased, as the case may be, in a manner that is the inverse of the manner in which the number of Warrant Shares purchasable hereunder shall be adjusted.
Adjustment of Warrant Exercise Price. If and whenever on or after the Issuance Date of this Warrant, the Company issues or sells, or is deemed to have issued or sold, any shares of Common Stock (other than Excluded Securities) for a consideration per share (the “New Issuance Price”) less than the Fixed Conversion Price of the Convertible Debentures in effect immediately prior to such issuance or sale (the “Applicable Price”), then immediately after such issue or sale the Warrant Exercise Price then in effect shall be reduced to an amount equal to such New Issuance Price.
Adjustment of Warrant Exercise Price. With respect to any of the Warrants whether or not the Warrants have been exercised (or are exercisable) and whether or not the Warrants are issued and outstanding, the Warrant Exercise Price and the number of shares of Common Stock underlying such Warrants shall be automatically adjusted in accordance with Section 8 of the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company dated ___________, 1997 (the "Warrant Agreement"), upon the occurrence of any of the events described therein. Thereafter, the underlying Warrants shall be exercisable at such adjusted Warrant Exercise Price for such adjusted number of underlying shares of Common Stock or other securities, properties or rights.
Adjustment of Warrant Exercise Price. The Warrant Exercise Price shall from time to time be adjusted upon alteration to the nominal amount of each of the Shares in the event of consolidation or subdivision only.
Adjustment of Warrant Exercise Price. If and whenever the Company shall issue or sell, or is, in accordance with Section 8(e)(ii)(A) through (E), deemed to have issued or sold any shares of Common Stock or Common Stock Equivalents for a Price per Share that is less than the Warrant Exercise Price in effect immediately prior to the time of such issuance or sale, other than pursuant to the exercise or conversion of any security of the Company, which security was either (x) outstanding on the Closing Date (including the Notes and the Warrants) or (y) issued pursuant to any employee benefit, stock option, stock purchase or other similar plan of the Company of any of its subsidiaries or pursuant to an employment or similar agreement entered into with an employee or consultant of the Company or of its subsidiaries (in either case, whether such plan or agreement was existing as of the Closing Date or subsequently adopted or entered into) and other than any Excluded Securities (each such issuance a “Dilutive Issuance”), then immediately after such Dilutive Issuance the Warrant Exercise Price then in effect shall be reduced to an amount equal to the Price per Share paid in such Dilutive Issuance. Upon each such adjustment of the Warrant Exercise Price hereunder, the number of Warrant Shares issuable upon exercise of this Warrant shall be adjusted to the number of shares determined by multiplying the Warrant Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment and dividing the product thereof by the Warrant Exercise Price resulting from such adjustment.
Adjustment of Warrant Exercise Price. In accordance with Section 8 of the Warrants, the Company hereby notifies each Holder and confirms that the Warrant Price (as defined in the Warrants) has been adjusted to $0.98 per share of common stock. The Company will cause shares of common stock, without restricted legends, to be issued and delivered to each Holder upon the exercise of the Warrants held by such Holder, provided that the exercise is a cashless exercise pursuant to Section 19 of the Warrants. For this purpose, the Company and each Holder agree that all condition precedents set forth in Section 19 of the Warrants for such cashless exercise are waived, and Holders may elect a cashless exercise of the Warrants at all times.
Adjustment of Warrant Exercise Price. Effective simultaneously with extension of the expiration dates of the Option and the Warrants, the Warrant Exercise Price shall be increased from $4.68 per Warrant to $4.75
