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

Expiration of Options and Convertible Securities. Any adjustment under this Section 2(a) is to be disregarded if, and to the extent that, all of the Options or Convertible Securities that gave rise to such adjustment expire or are cancelled without having been exercised, exchanged or converted, so that the Exercise Price effective immediately upon such expiration or cancellation is equal to the Exercise Price that otherwise would have been in effect had such expired or cancelled Options or Convertible Securities not been issued.

Appears in 4 contracts

Samples: Warrant Agreement (Clearwire Corp), Securities Purchase Agreement (Mitel Networks Corp), Warrant Agreement (Clearwire Corp)

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