Common use of Exercise Price Adjustment Formula Clause in Contracts

Exercise Price Adjustment Formula. Subject to Section 3.01, if, during the period in which Warrants are exercisable, the Company sells any shares of Common Stock for a price per share that is less than the Current Market Price in effect at the time of such sale, the Exercise Price immediately shall be adjusted by multiplying the Exercise Price by (a) an amount equal to the sum of (i) the number of shares of Common Stock outstanding and deemed (in accordance with the provisions of Section 3.03) to be outstanding immediately prior to such sale multiplied by the Current Market Price at the time of such issuance or sale and (ii) the total consideration received and deemed (in accordance with the provisions of Section 3.03) to be received by the Company upon such issuance and sale and (b) dividing the result by an amount equal to (i) the sum of (A) the amount determined in (a) and (B) the product of the number of shares issued or sold multiplied by the Current Market Price, minus (ii) the consideration received.

Exercise Price Adjustment Formula. Subject to Section 3.01, if, during the period in which Warrants are exercisable, if --------------------------------- the Company issues or sells any shares of Common Stock Shares for a price per share that is less than the Current Market Price in effect at the time of such issuance or sale, the Exercise Price immediately shall be adjusted by multiplying the Exercise Price by (a) an amount equal to the sum of (i) the number of shares of Common Stock Shares outstanding and deemed (in accordance with the provisions of Section 3.03) to be outstanding immediately prior to such issuance and sale multiplied by the Current Market Price at the time of such issuance or sale and (ii) the total consideration received and deemed (in accordance with the provisions of Section 3.03) to be received by the Company upon such issuance and sale and (b) dividing the result by an amount equal to (i) the sum of (A) the amount determined in (a) and (B) the product of the number of shares issued or sold multiplied by the Current Market Price, minus (ii) the consideration received.

Exercise Price Adjustment Formula. Subject to Section 3.01, if, during the period in which Warrants are exercisable, If the Company issues or sells any shares of Common Stock for a price per share that is less than the Current Market Price in effect at the time of such issuance or sale, the Exercise Price immediately shall be adjusted by multiplying the Exercise Price by (a) an amount equal to the sum of (i) the number of shares of Common Stock outstanding and deemed (in accordance with the provisions of Section 3.03) to be outstanding immediately prior to such issuance and sale multiplied by the Current Market Price at the time of such issuance or sale and (ii) the total consideration received and deemed (in accordance with the provisions of Section 3.03) to be received by the Company upon such issuance and sale and (b) dividing the result by an amount equal to (i) the sum of (A) the amount determined in (a) and (B) the product of the number of shares issued or sold multiplied by the Current Market Price, minus (ii) the consideration received.

Exercise Price Adjustment Formula. Subject to Section 3.01, if, during the period in which Warrants are exercisable, If the Company --------------------------------- issues or sells any shares of Common Stock for a price per share that is less than the Current Market Price in effect at the time of such issuance or sale, the Exercise Price immediately shall be adjusted by multiplying the Exercise Price by (a) an amount equal to the sum of (i) the number of shares of Common Stock stock outstanding and deemed (in accordance with the provisions of Section 3.03) to be outstanding immediately prior to such issuance and sale multiplied by the Current Market Price at the time of such issuance Issuance or sale and (ii) the total consideration received and deemed (in accordance with the provisions of Section 3.03) to be received by the Company upon such issuance and sale and (b) dividing the result by an amount equal to (i) the sum of (A) the amount determined in (a) and (B) the product of the number of shares issued or sold multiplied by the Current Market Price, minus (ii) the consideration received.