Common use of ADJUSTMENT OF WARRANT PRICE UPON ISSUANCE OF OTHER SECURITIES Clause in Contracts

ADJUSTMENT OF WARRANT PRICE UPON ISSUANCE OF OTHER SECURITIES. In the event Other Securities shall be issued or shall become subject to issuance upon the conversion of any shares (or Other Securities) of the Company for a consideration such as to diminish the aggregate fair market value of the Warrant Shares purchasable upon exercise of any Warrant, adjustments of the Warrant Price shall be made as nearly as possible in the manner provided in this Section 9 so as to maintain the aggregate fair market value of such Warrant Shares to the extent reasonably possible.

Appears in 3 contracts

Samples: Warrant Agreement (World Airways Inc /De/), Warrant Agreement (World Airways Inc /De/), Warrant Agreement (World Airways Inc /De/)

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ADJUSTMENT OF WARRANT PRICE UPON ISSUANCE OF OTHER SECURITIES. In the event Other Securities shall be issued or shall become subject to issuance upon the conversion of any shares (or Other Securities) of the Company for a consideration such as to diminish the aggregate fair market value of the Warrant Shares purchasable upon exercise of any Warrant, adjustments of the Warrant Price shall be made as nearly as possible in the manner matter provided in this Section 9 so as to maintain the aggregate fair market value of such Warrant Shares to the extent reasonably possible.

Appears in 1 contract

Samples: Warrant Agreement (World Airways Inc /De/)

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