Adjustments to Conversion Price for Certain Diluting Issues Sample Clauses

Adjustments to Conversion Price for Certain Diluting Issues. In the event that after the date hereof any transaction or event, other than those described in Paragraphs 4.1 through 4.3 above, occurs which, pursuant to the provisions of the Company's Third Restated Certificate of Incorporation (as the same may be amended or restated, the "Certificate of Incorporation"), results in a change in the conversion price of the Company's Series C Preferred Stock, par value $0.001 per share (the "Series C Preferred Stock"), whether by reason of the full-ratchet or weighted average antidilution calculations pertaining to the Series C Preferred Stock, then simultaneously with each such change in the conversion price of the Series C Preferred Stock, the Conversion Price shall be reset to equal 1.316 times the new conversion price of the Series C Preferred Stock. In respect of any such adjustment, the adjusted Conversion Price will be determined by reference to the provisions of the Company's Certificate of Incorporation as they shall be in effect at the time of any such transaction or event, and nothing herein contained shall be deemed to limit the Company's right, upon receipt of the appropriate consent of the holders of the Series C Preferred Stock, to modify the antidilution provisions applicable to the Series C Preferred Stock or to require the consent of the Purchaser to any such modification.
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Adjustments to Conversion Price for Certain Diluting Issues 
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Related to Adjustments to Conversion Price for Certain Diluting Issues

  • Adjustments to Conversion Price The Conversion Price shall be subject to adjustment from time to time as follows:

  • Adjustments to Conversion Rate The Conversion Rate shall be adjusted from time to time by the Company as follows:

  • Conversion Price and Adjustments to Conversion Price (i) The conversion price in effect on any Conversion Date shall be equal to the lesser of (a) $0.4735 (the “Fixed Conversion Price”) or (b) ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the thirty (30) trading days immediately preceding the Conversion Date as quoted by Bloomberg, LP (the “Market Conversion Price”). The Fixed Conversion Price and the Market Conversion Price are collectively referred to as the “Conversion Price.” The Conversion Price may be adjusted pursuant to the other terms of this Debenture.

  • Adjustment of Conversion Price Upon Issuance of Additional Shares of Common Stock In the event the Corporation shall at any time after the Series A-2 Original Issue Date issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to Subsection 5.4.3), without consideration or for a consideration per share less than the Conversion Price applicable to a series of Preferred Stock in effect immediately prior to such issuance or deemed issuance, then such Conversion Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: CP2 = CP1 x (A + B) ÷ (A + C). For purposes of the foregoing formula, the following definitions shall apply:

  • Adjustments to Conversion Ratios The number of Ordinary Shares that the holders of Rights are entitled to receive as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, reverse share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring on or after the date hereof and prior to the Exchange Event.

  • Adjustment to Conversion Price Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

  • Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:

  • Notice of Adjustments of Conversion Rate Whenever the Conversion Rate is adjusted as herein provided:

  • Notice of Adjustments of Conversion Price Whenever the conversion price is adjusted as herein provided:

  • Adjustment of Conversion Price upon Subdivision or Combination of Common Stock If the Company at any time on or after the Subscription Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time on or after the Subscription Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased.

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