Common use of Reset of Exercise Price Clause in Contracts

Reset of Exercise Price. If, on the date that is 90 calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th calendar day following the Issuance Date.

Appears in 3 contracts

Samples: Warrant Agency Agreement (Mitesco, Inc.), Innovative Eyewear Inc, Innovative Eyewear Inc

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Reset of Exercise Price. If, on the date that is 90 30 calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th 30th calendar day following the Issuance Date; provided, however, that the Reset Price shall in no event be less than $[*].

Appears in 2 contracts

Samples: JE Cleantech Holdings LTD, Tenon Medical, Inc.

Reset of Exercise Price. If, on the date that is 90 ninety (90) calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price then in effect and (ii) 100% of the last lowest VWAP immediately preceding occurring during the 90th ninety (90) calendar day days following the Issuance Date.

Appears in 2 contracts

Samples: Wearable Devices Ltd., Wearable Devices Ltd.

Reset of Exercise Price. If, on the date that is 90 60 calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th 60th calendar day following the Issuance Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Novo Integrated Sciences, Inc.)

Reset of Exercise Price. If, If on the date that is 90 calendar days immediately following the initial issuance date Initial Exercise Date of this Warrant (the “Issuance Date”)Warrant, the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th calendar day following the Issuance Initial Exercise Date.

Appears in 1 contract

Samples: Warrant Agency Agreement (Nocera, Inc.)

Reset of Exercise Price. If, on the date that is 90 30 calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 5020% of the Exercise Price closing price on _______, 20233 and (ii) 100% of the last VWAP immediately preceding the 90th 30th calendar day following the Issuance Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (ReShape Lifesciences Inc.)

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Reset of Exercise Price. If, on the date that is 90 30 calendar days immediately following the initial issuance date of this Warrant (the “Initial Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th 30th calendar day following the Issuance Date; provided, however, that the Reset Price shall in no event be less than $[*].

Appears in 1 contract

Samples: JE Cleantech Holdings LTD

Reset of Exercise Price. If, on the date that is 90 calendar days immediately following the initial issuance date Initial Exercise Date of this Warrant (the “Issuance Date”)Warrant, the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 50% of the Exercise Price and (ii) 100% of the last VWAP immediately preceding the 90th calendar day following the Issuance Initial Exercise Date.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Nocera, Inc.)

Reset of Exercise Price. If, on the date that is 90 30 calendar days immediately following the initial issuance date of this Warrant (the “Issuance Date”), the Reset Price, as defined below, is less than the Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. “Reset Price” shall mean the greater of (i) 5020% of the Exercise Price closing price on November 20, 2023 and (ii) 100% of the last VWAP immediately preceding the 90th 30th calendar day following the Issuance Date.

Appears in 1 contract

Samples: ReShape Lifesciences Inc.

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