ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the right granted hereunder, the Purchase Price shall be subject to adjustment from time to time in accordance with this Paragraph 3. Upon each adjustment of the Purchase Price pursuant to this Paragraph 3, the registered Holder of this Warrant shall thereafter be entitled to acquire upon exercise, at the Purchase Price resulting from such adjustment, the number of shares of the Company's Common Stock obtainable by multiplying the Purchase Price in effect immediately prior to such adjustment by the number of shares of the Company's Common Stock acquirable immediately prior to such adjustment and dividing the product thereof by the Purchase Price resulting from such adjustment.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment, from time to time, as follows:
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the rights granted hereunder, the Warrant Price shall be subject to adjustment from time to time in accordance with this Section 6. Upon each adjustment of the Warrant Price pursuant to this Section 6, the Warrantholder shall thereafter be entitled to acquire upon exercise, at the Warrant Price resulting from such adjustment, the number of Shares obtainable by multiplying the Warrant Price in effect immediately prior to such adjustment by the number of Shares acquirable immediately prior to such adjustment and dividing the product thereof by the Warrant Price resulting from such adjustment.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the right granted hereunder, the Purchase Price shall be subject to adjustment from time to time in accordance with the provisions of the Company's Series B Preferred Stock. If any event occurs as to which, in the opinion of the Board of Directors of the Company, the provisions of the Company's Series B Preferred Stock relating to anti-dilution and other adjustments are not strictly applicable or if strictly applicable would not fairly protect the rights of the holder of this Warrant in accordance with the essential intent and principles of such provisions, then the Board of Directors shall make an adjustment in the application of such provisions, in accordance with such essential intent and principles, so as to protect such rights as aforesaid.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the rights granted hereunder, the Exercise Price shall be subject to adjustment from time to time in accordance with this Section 11. Upon each adjustment of the Exercise Price pursuant to this Section 11, whether upward or downward, the Holder shall thereafter be entitled to acquire upon exercise, at the Exercise Price resulting from such adjustment, the number of shares of the Company's Common Stock obtainable by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of the Company's Common Stock acquirable immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the right granted hereunder, the Purchase Price shall be subject to adjustment from time to time in accordance with this Paragraph 3. Upon each adjustment of the Purchase Price pursuant to this Paragraph 3, the registered holder of this Warrant shall thereafter be entitled to acquire upon exercise, at the Purchase Price resulting from such adjustment, the number of shares of Class A Common Stock obtainable by multiplying the Purchase Price in effect immediately prior to such adjustment by the number of shares of Class A Common Stock acquirable immediately prior to such adjustment and dividing the product thereof by the Purchase Price resulting from such adjustment. Notwithstanding anything to the contrary contained in this Warrant, the provisions of this Paragraph 3 shall not apply in the event of issuances of options to purchase any Common Stock of the Company (the "Common Stock") to employees and independent contractors of the Company or upon the acquisition of all of the issued units of the Megatec Unit Trust, which trust holds all of the capital stock of Megatec Pty. Ltd., pursuant to the terms and conditions set forth in the Unit Redemption and Subscription Agreement.
3.1. ADJUSTMENT FOR ISSUE OR SALE OF COMMON STOCK AT LESS THAN PURCHASE PRICE. Except as provided in Paragraph 3.2 or 3.5 below, if and whenever on or after the date of issuance hereof the Company shall issue or sell, or shall in accordance with subparagraphs 3.1(1) to (9), inclusive, be deemed to have issued or sold, any shares of Common Stock for a consideration per share less than the Purchase Price in effect immediately prior to the time of such issue or sale, then forthwith upon such issue or sale (the "Triggering Transaction)"), the Purchase Price shall, subject to subparagraphs (1) to (9) of this Paragraph 3.1 be reduced to the Purchase Price (calculated to the nearest tenth of a cent) determined by dividing:
(i) An amount equal to the sum of (x) the product derived by multiplying the Number of shares of Common Stock Deemed Outstanding immediately prior to such Triggering Transaction by the Purchase Price then in effect, plus (y) the consideration, if any, received by the Company upon consummation of such Triggering Transaction, by
(ii) An amount equal to the sum of (x) the Number of shares of Common Stock Deemed Outstanding immediately prior to such Triggering Transaction plus (y) the number of Common Stock issued (or deemed to be issued in accorda...
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the right granted hereunder, the Exercise Price shall be subject to adjustment from time to time in accordance with this Section 3. Upon each adjustment of the Exercise Price pursuant to this Section 3, Holder shall thereafter be entitled to acquire upon exercise, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock obtainable by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock acquirable immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In the event First Citizens changes (or establishes a record date for changing) the number of First Citizens Common Shares issued and outstanding between the date hereof and the Effective Time as a result of a stock split, stock dividend, recapitalization, reclassification, split up, combination, exchange of shares, readjustment or similar transaction with respect to the outstanding First Citizens Common Shares and the record date therefor shall be prior to the Effective Time, the Share Exchange Ratio shall be proportionately adjusted.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In the event CSB changes (or establishes a record date for changing) the number of CSB Common Shares issued and outstanding between the date hereof and the Effective Time as a result of a stock split, stock dividend, recapitalization, reclassification, split up, combination, exchange of shares, readjustment or similar transaction with respect to the outstanding CSB Common Shares and the record date therefor shall be prior to the Effective Time, the Per Share Stock Consideration shall be proportionately adjusted.
ANTI-DILUTION PROVISIONS AND OTHER ADJUSTMENTS. In order to prevent dilution of the right granted hereunder, the Purchase Price shall be subject to adjustment from time to time in accordance with this Paragraph 3. For purposes of this Paragraph 3, any reference to RCN (as defined below) includes its successors and assigns and any acquiror of any shares of Common Stock previously owned by RCN, but, in the case of such an acquiror, only with respect to the shares of Common Stock previously owned by RCN and shares of Common Stock issued (or deemed issued) pro-rata in respect of those shares.
