Common use of Adjustment to the Exercise Price Clause in Contracts

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration would purchase at such Current Market Price; and C = (1) in the case of an issue of Common Shares, the number of Common Shares issued; or (2) in the case of an issue or grant of Securities Rights, the maximum number of Common Shares which could be issued upon exercise in full of the rights to subscribe for, purchase or otherwise acquire Common Shares and, if applicable, Share-Related Securities pursuant to the terms of such Securities Rights and, if applicable, Share-Related Securities at the initial price or rate.

Appears in 6 contracts

Samples: Debt Assignment Agreement (Glencore International PLC), Debt Assignment Agreement (Polymet Mining Corp), Debt Assignment Agreement (Glencore Holding Ag)

AutoNDA by SimpleDocs

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration would purchase at such Current Market Price; and C = (1) in the case of an issue issue, grant or offer of Common Shares, the number of Common Shares issuedcomprised in the issue, grant or offer; or (2) in the case of an issue issue, grant or grant offer of Share-Related Securities or Securities Rights, the maximum number of Common Shares which could be issued upon exercise in full of the rights to subscribe for, purchase or otherwise acquire Common Shares and, if applicable, Share-Related Securities pursuant to the terms of such Securities Rights and, if applicable, Share-Related Securities or Securities Rights at the initial price or rate.

Appears in 4 contracts

Samples: Debt Assignment Agreement (Glencore Holding Ag), Security Agreement (Polymet Mining Corp), Glencore Holding Ag

AutoNDA by SimpleDocs

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration would purchase at such Current Market Price; and C = (1) in the case of an issue issue, grant or offer of Common Shares, the number of Common Shares issuedcomprised in the issue, grant or offer; or (2) in the case of an issue issue, grant or grant offer of Share-Related Securities or Securities Rights, the maximum number of Common Shares which could be issued upon exercise in full of the rights to subscribe for, purchase or otherwise acquire Common Shares and, if applicable, Share-Related Securities pursuant to the terms of such Securities Rights and, if applicable, Share-Related Securities or Securities Rights at the initial price or rate.

Appears in 1 contract

Samples: Debt Assignment Agreement (Glencore International PLC)

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