Common use of Exercise Price Adjustment Clause in Contracts

Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants is adjusted as provided pursuant to this Section 11, the Exercise Price payable upon the exercise of a Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 3 contracts

Samples: Class a Warrant Agreement (Marvel Enterprises Inc), Class C Warrant Agreement (Marvel Enterprises Inc), Plan Warrant Agreement (Marvel Enterprises Inc)

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Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants Warrant is adjusted as provided pursuant to this Section 117.1, the Exercise Price payable upon the exercise of a this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 2 contracts

Samples: Stockholders Agreement (Eclipsys Corp), Stockholders Agreement (Eclipsys Corp)

Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants Warrant is adjusted as provided pursuant to this Section 114(a), the Exercise Price payable upon the exercise of a this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.. (b)

Appears in 1 contract

Samples: Equity Investment Agreement (Specialty Foods Acquisition Corp)

Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants Warrant(s) is adjusted as provided pursuant to this Section 119, the Exercise Price payable upon the exercise of a Warrant the Warrant(s) shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant Warrant(s) immediately prior to such adjustment, and of which the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Warrant Agreement (Genmar Holdings Inc)

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Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants is adjusted as provided pursuant to this Section 11, the applicable Exercise Price payable upon the exercise of a Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, that the applicable Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Class B Warrant Agreement (Marvel Enterprises Inc)

Exercise Price Adjustment. (i) Whenever the number of Warrant Shares purchasable upon the exercise of the Warrants Warrant is adjusted as provided pursuant to this Section 112.1, the Exercise Price payable upon the exercise of a this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of Warrant Shares purchasable immediately thereafter; provided, however, provided that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Cistron Biotechnology Inc)

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