Common use of Readjustment of Exercise Price Clause in Contracts

Readjustment of Exercise Price. In the event of any change in (i) the consideration, if any, payable upon exercise of any Stock Purchase Rights or upon the conversion or exchange of any Convertible Securities or (ii) the rate at which any Convertible Securities are convertible into or exchangeable for shares of Common Stock, the applicable Exercise Price as computed upon the original issue thereof shall forthwith be readjusted to the Exercise Price that would have been in effect at such time had such Stock Purchase Rights or Convertible Securities provided for such changed purchase price, consideration or conversion rate, as the case may be, at the time initially granted, issued or sold. On the expiration of any Stock Purchase Rights not exercised or of any right to convert or exchange under any Convertible Securities not exercised, the applicable Exercise Price then in effect shall forthwith be increased to the Exercise Price that would have been in effect at the time of such expiration had such Stock Purchase Rights or Convertible Securities never been issued. No readjustment of the Exercise Price pursuant to this Subsection shall require any adjustment to the amount paid or number of shares of Common Stock received by the Holder upon any exercise of this Warrant prior to the date upon which such readjustment to the Exercise Price shall occur.

Appears in 4 contracts

Samples: Amendment and Waiver Agreement (Datatec Systems Inc), Datatec Systems Inc, Datatec Systems Inc

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Readjustment of Exercise Price. In the event of any change in (i) the purchase price payable for any Stock Purchase Rights or Convertible Securities referred to in Subsection (c) or (d) above, (ii) the additional consideration, if any, payable upon exercise of any such Stock Purchase Rights or upon the conversion or exchange of any such Convertible Securities or (iiiii) the rate at which any Convertible Securities above are convertible into or exchangeable for additional shares of Common StockStock shall change, the applicable Exercise Price as computed upon in effect at the original issue thereof time of such event shall forthwith be readjusted to the Exercise Price that which would have been in effect at such time had such Stock Purchase Rights or Convertible Securities provided for such changed purchase price, additional consideration or conversion rate, as the case may be, at the time initially granted, issued or sold. On the expiration of any such Stock Purchase Rights not exercised or of any such right to convert or exchange under any such Convertible Securities not exercised, the applicable Exercise Price then in effect hereunder shall forthwith be increased to the Exercise Price that which would have been in effect at the time of such expiration or termination had such Stock Purchase Rights or Convertible Securities never been issued. No readjustment of the Exercise Price pursuant to this Subsection (f) shall require any have the effect of increasing the Exercise Price by an amount in excess of the adjustment to the amount paid or number of shares of Common Stock received by the Holder upon any exercise of this Warrant prior to the date upon which such readjustment originally made to the Exercise Price shall occurin respect of the issue, sale or grant of the applicable Stock Purchase Rights or Convertible Securities.

Appears in 2 contracts

Samples: Pw Eagle Inc, Sentry Technology Corp

Readjustment of Exercise Price. In the event of any change in (i) the purchase price payable for any Stock Purchase Rights or Convertible Securities referred to in subsection (c) or (d) above, (ii) the additional consideration, if any, payable upon exercise of any such Stock Purchase Rights or upon the conversion or exchange of any such Convertible Securities or (iiiii) the rate at which any Convertible Securities referred to above are convertible into or exchangeable for additional shares of Common StockStock shall change, the applicable Exercise Price as computed upon in effect at the original issue thereof time of such event shall forthwith be readjusted to the Exercise Price that which would have been in effect at such time had such Stock Purchase Rights or Convertible Securities provided for such changed purchase price, additional consideration or conversion rate, as the case may be, at the time initially granted, issued or sold. On the expiration of any such Stock Purchase Rights not exercised or of any such right to convert or exchange under any such Convertible Securities not Securities, if none of such Stock Purchase Rights or such Convertible Securities, as the case may be, shall have been exercised, the applicable Exercise Price then in effect hereunder shall forthwith be increased to the Exercise Price that which would have been in effect at the time of such expiration or termination had such Stock Purchase Rights or Convertible Securities never been issued. No readjustment of the Exercise Price pursuant to this Subsection SECTION 8.2(f) shall require any have the effect of increasing the Exercise Price by an amount in excess of the adjustment to the amount paid or number of shares of Common Stock received by the Holder upon any exercise of this Warrant prior to the date upon which such readjustment originally made to the Exercise Price shall occurin respect of the issue, sale or grant of the applicable Stock Purchase Rights or Convertible Securities.

Appears in 2 contracts

Samples: Series 3 Warrant Agreement (WMF Group LTD), Series 2 Warrant Agreement (WMF Group LTD)

Readjustment of Exercise Price. In the event of any change in (i) the purchase price payable for any Convertible Securities referred to in Section 4.2(c), (ii) the consideration, if any, payable upon exercise of any Stock Purchase Rights or upon the conversion or exchange of any such Convertible Securities or (iiiii) the rate at which any Convertible Securities are convertible into or exchangeable for shares of Common Stock, the applicable Exercise Price as computed upon in effect at the original issue thereof time of such event shall forthwith be readjusted to the Exercise Price that which would have been in effect at such time had such Stock Purchase Rights or Convertible Securities provided for such changed purchase price, consideration or conversion rate, as the case may be, at the time initially granted, issued or sold. On the expiration of any Stock Purchase Rights not exercised or of any right to convert or exchange under any Convertible Securities not exercised, the applicable Exercise Price then in effect shall forthwith be increased to the Exercise Price that which would have been in effect at the time of such expiration had such Stock Purchase Rights or Convertible Securities never been issued. No readjustment of the Exercise Price pursuant to this Subsection Section 4.2(e) shall (x) increase the Exercise Price by an amount in excess of the adjustment previously made to the Exercise Price in respect of the issue, sale or grant of the applicable Convertible Securities or (y) require any adjustment to the amount paid or number of shares of Common Stock received by the Holder any Person upon any exercise of this Warrant prior to the date upon which such readjustment to the Exercise Price shall occur.

Appears in 1 contract

Samples: Agreement of Merger (Nextel Communications Inc)

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Readjustment of Exercise Price. In the event of any change in (i) the purchase price payable for any Stock Purchase Rights or Convertible Securities referred to in Subsection (c) or (d) above, (ii) the additional consideration, if any, payable upon exercise of any such Stock Purchase Rights or upon the conversion or exchange of any such Convertible Securities or (iiiii) the rate at which any Convertible Securities above are convertible into or exchangeable for additional shares of Common StockStock shall change, the applicable Exercise Price as computed upon in effect at the original issue thereof time of such event shall forthwith be readjusted to the Exercise Price that which would have been in effect at such time had such Stock Purchase Rights or Convertible Securities provided for such changed purchase price, additional consideration or conversion rate, as the case may be, at the time initially granted, issued or sold. On the expiration of any such Stock Purchase Rights not exercised or of any such right to convert or exchange under any such Convertible Securities not exercised, the applicable Exercise Price then in effect hereunder shall forthwith be increased to the Exercise Price that which would have been in effect at the time of such expiration had such Stock Purchase Rights or Convertible Securities never been issued. No readjustment of the Exercise Price pursuant to this Subsection shall require any adjustment to the amount paid or number of shares of Common Stock received by the Holder upon any exercise of this Warrant prior to the date upon which such readjustment to the Exercise Price shall occur.at

Appears in 1 contract

Samples: Registration Rights Agreement (Dimeling Schreiber & Park)

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