Common use of Change in Option Price or Conversion Rate Clause in Contracts

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 5 contracts

Samples: Warrant Agreement (Eastwind Group Inc), Warrant Agreement (Eastwind Group Inc), Warrant Agreement (Eastwind Group Inc)

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Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at ----------------------------------------- any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 4 contracts

Samples: Warrant Agreement (Torbay Holdings Inc), Warrant Agreement (Torbay Holdings Inc), Warrant Agreement (Torbay Holdings Inc)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change ----------------------------------------- at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 4 contracts

Samples: Warrant Agreement (Mt Ultimate Healthcare Corp), Warrant Agreement (Mt Ultimate Healthcare Corp), Warrant Agreement (Mt Ultimate Healthcare Corp)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 3 contracts

Samples: Warrant Agreement (Airtech International Group Inc), Warrant Agreement (Amnis Systems Inc), Warrant Agreement (Aura Systems Inc)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change ----------------------------------------- at any time in (iA) the amount of additional consideration payable to the Company Corporation upon the exercise of any Options; (iiB) the amount of additional consideration, if any, payable to the Company Corporation upon the conversion or exchange of any Convertible Securities; or (iiiC) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will shall be readjusted to the Exercise Price which would have been in effect at such time had if such Options or Convertible Securities still outstanding had provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Itc Holding Co Inc), Warrant Agreement (Itc Deltacom Inc)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- ------------------------------------------ a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the exercise, conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (in each such case, other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 2 contracts

Samples: Security Agreement (Pacific Cma Inc), Securities Agreement (Pacific Cma Inc)

Change in Option Price or Conversion Rate. If there is a ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the exercise, conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Warrant Agreement (Open Market Inc)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at -------------------------------------------- any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Warrant Agreement (Marketcentral Net Corp)

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Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Warrant Agreement (Aura Systems Inc)

Change in Option Price or Conversion Rate. If there is a ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the exercise, conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (in each such case, other than under or by reason of provisions designed to protect against dilutiondilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric Fuel Corp)

Change in Option Price or Conversion Rate. If there is ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the exercise, conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (in each such case, other than under or by reason of provisions designed to protect against dilutiondilution and except when an adjustment is made pursuant to (ii)(B) above), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric Fuel Corp)

Change in Option Price or Conversion Rate. If there ----------------------------------------- is ----------------------------------------- a change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the exercise, conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Warrant Agreement (Open Market Inc)

Change in Option Price or Conversion Rate. If there Ifthere is ----------------------------------------- a ------------------------------------------------ -- change at any time in (i) the amount of additional consideration payable to the Company upon the exercise of any Options; (ii) the amount of additional consideration, if any, payable to the Company upon the conversion or exchange of any Convertible Securities; or (iii) the rate at which any Convertible Securities are convertible into or exchangeable for Common Stock (other than under or by reason of provisions designed to protect against dilution), the Exercise Price in effect at the time of such change will be readjusted to the Exercise Price which would have been in effect at such time had such Options or Convertible Securities still outstanding provided for such changed additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold, and the number of shares of Common Stock acquirable upon exercise of this Warrant will be correspondingly readjusted.

Appears in 1 contract

Samples: Warrant Agreement (Nettaxi Inc)

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