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

Decrease in Option Price or Conversion Rate. Upon the happening of any of the following events, namely, if the purchase price provided for in any right, option or warrant referred to in subparagraph (A), or the additional consideration, if any, payable upon the conversion or exchange of any Convertible Securities referred to in subparagraphs (A) or (B) shall decrease, or the rate at which any Convertible Securities referred to in subparagraphs (A) or (B) are convertible into or exchangeable for shares of Common Stock shall increase, the Warrant Price then in effect hereunder shall forthwith be decreased to the Warrant Price which would have been in effect at such time had such rights, options, warrants or Convertible Securities provided for such changed purchase price, reduced consideration or increased conversion rate, as the case may be, at the time they had initially been granted, issued or sold.