Exercise Price Reduction. In the event the Company issues any shares of Common Stock for cash for a per share purchase price which is less than the Exercise Price then in effect, the Exercise Price shall be reduced from time to time to equal the per share purchase price for such transaction(s).
Exercise Price Reduction. The Exercise Price under each of the Warrants is hereby reduced to equal $0.15 as of the date hereof (subject to further adjustment in accordance with the terms of the Warrants).
Exercise Price Reduction. In accordance with the terms of the Second Amendment to Replacement Warrant, Amendment No. 3
Exercise Price Reduction. Subject to the satisfaction or waiver of the conditions of the Solicitation, at the Effective Date, the Consenting Holder’s Series B Warrants shall be deemed to be automatically, and without any action on the part of the Consenting Holder, amended to effect the Exercise Price Reduction. If the Consenting Holder’s Joinder relates to less than all of the shares of Series B Preferred Stock owned by the Consenting Holder on the Record Date, the Exercise Price Reduction will only apply to the same proportion of Series B Warrants owned by such Consenting Holder as the proportion of the number of shares of Series B Preferred Stock owned by such Consenting Holder in respect of which a Joinder has been timely executed and delivered by such Consenting Holder.
Exercise Price Reduction. Pursuant to Section 2(h) of the Warrants, the Company hereby lowers the Exercise Price of each of the Warrants for each date after the Effective Time (each, a “Exercise Price Reduction”) to $1.50 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events prior to the Effective Time and, thereafter, subject to adjustments as provided in the Warrants (including, without limitation, Section 2 thereof), the “New Exercise Price”) and the Holder hereby consents to the Exercise Price Reduction. For the avoidance of doubt, the parties hereto acknowledge and agree with Section 2(c) of the Series A Warrant that simultaneously with any adjustment to the Exercise Price pursuant to such Section 2, the number of Series A Warrant Shares that may then be purchased upon exercise of this Warrant (i.e., the Maximum Eligibility Number in effect as of such time) shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price (as defined in the Series A Warrant) payable thereunder for such adjusted number of Series A Warrant Shares shall be the same as the aggregate Exercise Price (as defined in the Series A Warrant) in effect immediately prior to such adjustment (without regard to any limitations on exercise contained therein).
Exercise Price Reduction. The Company and the Holder acknowledge and agree that as a result of the Company's financing transactions, the Exercise Price under each of the Warrants has been reduced to equal $0.25 as of the date hereof (subject to further adjustment in accordance with the terms of the Warrants).
Exercise Price Reduction. (a) The amount of the Exercise Price Reduction with respect to Warrants exercised in connection with any Designated Event shall be determined by reference to the table below in Section 4.03(c) and shall be based on the Effective Date of, and the Applicable Price for, such Designated Event.
(b) The Applicable Prices set forth in the first row of the table below (i.e., the column headers), and the Exercise Price Reduction amounts set forth in the table below, shall each be adjusted at the same time and in the manner as the Exercise Price as set forth in Article 5.
(c) The following table sets forth the amount of the Exercise Price Reduction for given Applicable Prices and Effective Dates: January 1, 2009 $ 1.2000 $ 1.2000 $ 1.2000 $ 1.2000 $ 1.1080 $ 0.9282 $ 0.7967 $ 0.6967 $ 0.5279 $ 0.4220 $ 0.2945 January 1, 2010 $ 1.2000 $ 1.2000 $ 1.2000 $ 1.1508 $ 0.9098 $ 0.7491 $ 0.6362 $ 0.5531 $ 0.4171 $ 0.3337 $ 0.2339 January 1, 2011 $ 1.2000 $ 1.2000 $ 1.2000 $ 0.8830 $ 0.6670 $ 0.5353 $ 0.4491 $ 0.3886 $ 0.2935 $ 0.2360 $ 0.1665
(d) If the exact Applicable Price and/or Effective Date are not set forth in the table above, then:
(i) if the actual Applicable Price is between two Applicable Prices in the table or the Effective Date is between two Effective Dates in the table, the Exercise Price Reduction shall be determined by a straight-line interpolation between the Exercise Price Reduction set forth for the higher and lower Applicable Prices and/or the earlier and later Effective Dates in the table, based on a 365-day year, as applicable;
(ii) if the actual Applicable Price is equal to or in excess of $40.00 per share, subject to adjustment as set forth in Section 4.03(b), the Exercise Price shall not be reduced pursuant to this Section 4.03 (and there shall be no corresponding increase to the Number of Shares pursuant to Section 4.04) upon exercise of any Warrant in connection with the relevant Designated Event; and
(iii) if the Applicable Price is equal to or less than $8.00 per share, subject to adjustment as set forth in Section 4.03(b), the Exercise Price shall not be reduced pursuant to this Section 4.03 (and there shall be no corresponding increase to the Number of Shares pursuant to Section 4.04) upon exercise of any Warrant in connection with the relevant Designated Event.
(e) Notwithstanding the foregoing, in no event shall the Company reduce the Exercise Price if the reduction would cause the Exercise Price to fall below $8.00, such price subject to ...
Exercise Price Reduction. Effective as of the Amendment Date, the parties hereto hereby agree pursuant to Section 2(h) of the Existing Bridge Warrants, solely for the period beginning on February 3, 2023 from and after the time a Current Report on Form 8-K announcing this Amendment is filed with the Securities and Exchange Commission and ending at 11:59 p.m. New York time on February 16, 2023 (the “Limited Period”), the Exercise Price is hereby lowered to $1.00 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events); provided, however, that (i) no more than 1,669,971 Warrant Shares (under the Warrants held by all Warrant Holders) shall be issued during the Limited Period and (ii) at the time the Company has issued a total of 1,663,220 Warrant Shares (under the Warrants held by all Warrant Holders) during the Limited Period, the Company shall have the right to restrict all further exercises of the Warrant during the Limited Period to Cashless Exercises pursuant to Section 1(d) of the Warrant. For the avoidance of doubt, the lowering of the Exercise Price during the Limited Period shall not restrict the raising of the Exercise Price, immediately following the end of the Limited Period, to the Exercise Price in effect immediately prior to the Limited Period.
Exercise Price Reduction. In consideration for the waivers and extensions granted by the Holder herein, the Exercise Price under the Warrant is hereby reduced to $0.15 effective as of the date hereof. Promptly following the date hereof the Company shall replace the existing Warrant with a new Warrant identical in all respects except with the reduction of the Exercise Price as set forth herein.
Exercise Price Reduction. The amount of the Exercise Price Reduction with respect to Warrants exercised in connection with any Designated Event shall be determined by reference to the table below in Section 4.03(c) and shall be based on the Effective Date of, and the Applicable Price for, such Designated Event.
