Common use of Changes in Options and Convertible Securities Clause in Contracts

Changes in Options and Convertible Securities. If any of (i) the exercise price provided for in any Options referred to in Section 5(c) above, (ii) the additional consideration, if any, payable upon the conversion or exchange of any Convertible Securities referred to in Section 5(c) above, or (iii) the rate at which any Convertible Securities referred to in Section 5(c) above are convertible into or exchangeable for Ordinary Shares shall change at any time (other than under or by reason of provisions designed to protect against dilution upon an event which results in a related adjustment pursuant to this Section 5), then the Exercise Price then in effect and the CVR Number shall forthwith be readjusted (effective only with respect to any exercise of any CVR after such readjustment) to such Exercise Price and CVR Number that would then be in effect had the adjustment made upon the issuance, sale, distribution or granting of such Options or Convertible Securities been made based upon such changed purchase price, additional consideration or conversion rate, as the case may be, but only with respect to such Options and Convertible Securities as then remain outstanding.

Appears in 2 contracts

Samples: Contingent Value Right Agreement, Contingent Value Right Agreement (Mallinckrodt PLC)

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Changes in Options and Convertible Securities. If any of (ia) the exercise price provided for in any Options referred to in Section 5(c10(c) above, (iib) the additional consideration, if any, payable upon the conversion or exchange of any Convertible Securities referred to in Section 5(c10(c) above, or (iiic) the rate at which any Convertible Securities referred to in Section 5(c10(c) above are convertible into or exchangeable for Ordinary Shares shall change at any time (other than under or by reason of provisions designed to protect against dilution upon an event which results in a related adjustment pursuant to this Section 510), then the Exercise Price then in effect and the CVR Warrant Number shall forthwith be readjusted (effective only with respect to any exercise of any CVR Warrant after such readjustment) to such Exercise Price and CVR Warrant Number that would then be in effect had the adjustment made upon the issuance, sale, distribution or granting of such Options or Convertible Securities been made based upon such changed purchase price, additional consideration or conversion rate, as the case may be, but only with respect to such Options and Convertible Securities as then remain outstanding.

Appears in 1 contract

Samples: Warrant Agreement (Mallinckrodt PLC)

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Changes in Options and Convertible Securities. If any of (i) the exercise price provided for in any Options referred to in Section 5(cparagraph (e) above, (ii) the additional consideration, if any, payable upon the conversion or exchange of any Convertible Securities referred to in Section 5(cparagraph (e) or (f) above, or (iii) the rate at which any Convertible Securities referred to in Section 5(cparagraph (e) or (f) above are convertible into or exchangeable for Ordinary Shares Common Stock, shall change at any time (other than under or by reason of provisions designed to protect against dilution upon an event which results in a related adjustment pursuant to this Section 5Section), then the Exercise Price then in effect and the CVR Number number of Warrant Shares shall forthwith be readjusted (effective only with respect to any exercise of any CVR after such readjustment) to such the Exercise Price and CVR Number the number of Warrant Shares that would then be in effect had the adjustment made upon the issuance, sale, distribution or granting of such Options or Convertible Securities been made based upon such changed purchase price, additional consideration or conversion rate, as the case may be, but only with respect to such Options and Convertible Securities as then remain outstanding.

Appears in 1 contract

Samples: Northstar Health Services Inc

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