Common use of Readjustment of Exercise Price Clause in Contracts

Readjustment of Exercise Price. Upon the expiration of ------------------------------ the right to convert or exchange any convertible securities, or upon the expiration of any options, warrants or other rights, the issuance of which convertible securities, options, warrants or other rights effected an adjustment in the Exercise Price, if any such convertible securities shall not have been converted or exchanged, or if any such options, warrants or other rights shall not have been exercised, the number of shares of Common Stock deemed to be issued and outstanding by reason of the fact that they were issuable upon conversion or exchange of any such convertible securities or upon exercise of any such options, warrants or other rights shall no longer be computed as set forth above, and the Exercise Price shall forthwith be readjusted and thereafter be the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of this Section 6 after the issuance of such convertible securities, options, warrants or other rights) had the adjustment of the Exercise Price made upon the issuance or sale of such convertible securities or issuance of options, warrants or other rights been made on the basis of the issuance only of the number of Additional Shares of Common Stock actually issued upon conversion or exchange of such convertible securities, or upon the exercise of such options, warrants or other rights, and thereupon only the number of Additional Shares of Common Stock actually so issued shall be deemed to have been issued and only the consideration actually received by the Company (computed as in subsection (l)(i) hereof) shall be deemed to have been received by the Company.

Appears in 9 contracts

Samples: Concurrent Computer Corp/De, Concurrent Computer Corp/De, Concurrent Computer Corp/De

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Readjustment of Exercise Price. Upon the expiration of the ------------------------------ the right to convert or exchange any convertible securitiessecurities (debt or equity), or upon the expiration of any optionsrights, warrants options or other rightswarrants, the issuance of which convertible securities, optionsrights, options or warrants or other rights effected an adjustment in the Exercise Price, if any such convertible securities shall not have been converted or exchanged, or if any such optionsrights, options or warrants or other rights shall not have been exercised, the number of shares of Common Capital Stock deemed to be issued and outstanding by reason of the fact that they were issuable upon conversion or exchange of any such convertible securities or upon exercise of any such rights, options, or warrants or other rights shall no longer be computed as set forth above, and the such Exercise Price shall forthwith be readjusted and thereafter be the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of this Section 6 after the issuance of such --------- convertible securities, optionsrights, warrants options or other rightswarrants) had the adjustment of the Exercise Price made upon the issuance or sale of such convertible securities or issuance of optionsrights, options or warrants or other rights been made on the basis of the issuance only of the number of Additional Shares of Common Capital Stock actually issued upon conversion or exchange of such convertible securities, or upon the exercise of such optionsrights, warrants options or other rightswarrants, and thereupon only the number of Additional Shares of Common Capital Stock actually so issued shall be deemed to have been issued and only the consideration actually received by the Company (computed as in subsection (l)(i6)(h)(i) hereof) shall be deemed to have been received by the -------------------- Company.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Internet Capital Group Inc)

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Readjustment of Exercise Price. Upon the expiration of the ------------------------------ the right to convert or exchange any convertible securities, or upon the expiration of any options, warrants or other rights, the issuance of which convertible securities, options, warrants or other rights effected an adjustment in the Exercise Price, if any such convertible securities shall not have been converted or exchanged, or if any such options, warrants or other rights shall not have been exercised, the number of shares of Common Stock deemed to be issued and outstanding by reason of the fact that they were issuable upon conversion or exchange of any such convertible securities or upon exercise of any such options, warrants or other rights shall no longer be computed as set forth above, and the Exercise Price shall forthwith be readjusted and thereafter be the price which it would have been (but reflecting any other adjustments in the Exercise Price made pursuant to the provisions of this Section 6 after the issuance of such convertible securities, options, warrants or other rights) had the adjustment of the Exercise Price made upon the issuance or sale of such convertible securities or issuance of options, warrants or other rights been made on the basis of the issuance only of the number of Additional Shares of Common Stock actually issued upon conversion or exchange of such convertible securities, or upon the exercise of such options, warrants or other rights, and thereupon only the number of Additional Shares of Common Stock actually so issued shall be deemed to have been issued and only the consideration actually received by the Company (computed as in subsection (l)(i) hereof) shall be deemed to have been received by the Company.

Appears in 1 contract

Samples: Concurrent Computer Corp/De

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