Initial Exercise Price and Capital Adjustments Sample Clauses

Initial Exercise Price and Capital Adjustments. The Exercise Price at which the Warrant Shares shall be purchasable shall be $1.15, subject to adjustment from time to time in the event of cash dividends, stock dividends, stock subdivisions, stock splits, stock combinations or reverse stock splits, as follows: In the event the Company shall at any time after the date hereof (a) pay a cash dividend to the holders of shares of its Common Stock, (b) issue shares of its Common Stock as a stock dividend or (c) subdivide or split or combine or reverse stock split the outstanding shares of its Common Stock, the Exercise Price shall forthwith proportionately be decreased in the case of a cash dividend, stock dividend, stock subdivision or stock split, or proportionately be increased in the case of a combination or reverse stock split, to the nearest one cent to give effect to such change. Concurrently, the number of Warrant Shares issuable upon exercise of this Warrant shall be increased or decreased in proportion to the increase or decrease in the number of shares of Common Stock outstanding resulting from such change. Any such adjustment shall become effective at the close of business on the date that the subdivision or combination shall become effective, in the event of a subdivision or combination, or at the close of business on the record date fixed for the determination of stockholders entitled to receipt of the cash dividend or stock dividend, in the event of a cash dividend or stock dividend.
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Initial Exercise Price and Capital Adjustments. The Exercise Price at which the Warrant Shares shall be purchasable shall be $.25 per share, subject to adjustment from time to time in the event of stock dividends, stock subdivisions, stock splits, or stock combinations, as follows: In the event the Company shall at any time after the date hereof issue shares of its Common Stock as a stock dividend or shall subdivide or split or combine the outstanding shares of its Common Stock, the Exercise Price shall forthwith proportionately be decreased in the case of a stock dividend, sub- division, or stock split or proportionately be increased in the case of combination, to the nearest one cent to give effect to such change. Concurrently, the number of Warrant Shares issuable upon exercise of this Warrant shall be increased or decreased in proportion to the increase or decrease in the number of shares of Common Stock outstanding resulting from such change. Any such adjustment shall become effective at the close of business on the date that the subdivision or combination shall become effective, in the event of a subdivision or combination, or at the close of business on the record date fixed for the determination of stockholders entitled to receipt of the stock dividend, in the event of a stock dividend.
Sample 1

Related to Initial Exercise Price and Capital Adjustments

  • Exercise Price Adjustments The Exercise Price shall be subject to adjustment from time to time as follows:

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • Adjustments of Exercise Price and Number of Shares The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Exercise Price Adjusted As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more. No adjustment made pursuant to any provision of this Section 5 shall have the net effect of increasing the Exercise Price in relation to the split adjusted and distribution adjusted price of the Common Stock. The number of shares of Common Stock subject hereto shall increase proportionately with each decrease in the Exercise Price.

  • Adjustment of Exercise Price and Number of Shares The number and kind of Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustments to Exercise Price and Number of Shares The Exercise Price and the number of Shares underlying this Purchase Warrant shall be subject to adjustment from time to time as hereinafter set forth:

  • Adjustments of Exercise Price and Number of Warrant Shares; Stock Splits, etc The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of any of the following. In case the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company resulting from such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Adjustment of Warrant Price and Number of Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Adjustment of Exercise Price (a) The Exercise Price and the number of shares deliverable upon the exercise of the Warrants will be subject to adjustment in the event and in the manner following:

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