Adjustment to Number of Exchange Shares Sample Clauses

Adjustment to Number of Exchange Shares. (i) Subject to the limitations set forth in Section 1(e) below, the total number of shares of Common Stock to be issued to Creditor in connection with this Exchange shall be adjusted on the 91st day following any Exchange Date (as defined below) or earlier if Creditor notifies the Company in writing that such date shall be earlier (the ninety (90) trading day period or shorter period following an Exchange Date, the “True-Up Period,” and the 91st day or day following the shorter period following the Exchange Date, the “True-Up Date”), as follows: (i) if the number of “VWAP Shares” (as defined below) exceeds the number of Exchange Shares initially issued pursuant to the applicable Exchange, then the Company will issue and deliver to Creditor in the same manner as described in Section 1(d) below additional shares of Common Stock equal to the difference between (x) the total number of VWAP Shares and (y) the number of Exchange Shares initially issued, and (ii) if the number of VWAP Shares is less than the number of Exchange Shares initially issued pursuant to an Exchange, then Creditor will return to the Company for cancellation that number of shares of Common Stock equal to the difference between (x) the number of Exchange Shares issued pursuant to the Exchange and (y) the total number of VWAP Shares.
Sample 1
AutoNDA by SimpleDocs
Adjustment to Number of Exchange Shares. (i) Subject to the limitations set forth in Section 1(e), the total number of shares of Common Stock and Pre-funded Warrants to be issued to Creditor in connection with the applicable Exchange shall be adjusted on the Business Day immediately following the Pricing Period (the “Adjustment Date”) and issued within one (1) Trading Day after such Adjustment Date, as follows: (A) if the number of VWAP Shares exceeds the number of Exchange Shares and Pre-Funded Warrants initially issued and issued upon the Creditor’s notice under Section 1(c)(ii) pursuant to the applicable
Sample 1
Adjustment to Number of Exchange Shares. Whenever there is an adjustment pursuant to any provision of Section 2(b)(iv), the Company shall promptly notify the Holder by providing a notice setting forth the adjustment to the number of Exchange Shares and setting forth a brief statement of the facts requiring such adjustment.
Sample 1
Adjustment to Number of Exchange Shares. (i) Subject to the limitations set forth in Section 1(e), if an Exchange Date occurs prior to the end of the First Tranche Pricing Period, the total number of shares of Common Stock to be issued to Creditor in connection with the applicable Exchange shall be adjusted on the Business Day immediately following the First Tranche Pricing Period (the “Adjustment Date”) and issued within three (3) Trading Days after such Adjustment Date, as follows: (A) if the number of VWAP Shares exceeds the number of Exchange Shares initially
Sample 1

Related to Adjustment to Number of Exchange Shares

  • Adjustment to Number of Shares Upon each adjustment of the Exercise Price, the number of Shares issuable upon exercise of the Warrant shall be increased to equal the quotient obtained by dividing (x) the product resulting from multiplying (i) the number of Shares issuable upon exercise of the Warrant, and (ii) the Exercise Price, in each case as in effect immediately before such adjustment by (y) the adjusted Exercise Price.

  • Adjustment of Exchange Price (A) The Exchange Price is subject to adjustment upon certain events, including, (i) subdivisions, combinations and reclassification of the Series A Preferred Stock, and (ii) distributions to all holders of Series A Preferred Stock of evidences of indebtedness of the General Partner or assets (including securities, but excluding dividends and distributions paid in cash out of equity applicable to Series A Preferred Stock).

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

  • 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 Exchange Ratio In the event that, subsequent to the date of this Agreement but prior to the Effective Time, the outstanding shares of Parent Common Stock or Company Common Stock, respectively, shall have been changed into a different number of shares or a different class as a result of a stock split, reverse stock split, stock dividend, subdivision, reclassification, combination, exchange, recapitalization or other similar transaction, the Exchange Ratio shall be appropriately adjusted.

  • ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

  • Adjustment of Warrant Price and Warrant Share Number The number of shares of Common Stock for which this Warrant is exercisable, and the price at which such shares 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 Section 5.

  • 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 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.

Time is Money Join Law Insider Premium to draft better contracts faster.