Common use of Rights Issues Clause in Contracts

Rights Issues. If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of such issuance, the Warrant Exercise Rate shall be increased based on the following formula: where: WER1 = the Warrant Exercise Rate in effect at the open of business on the Ex-Date for such issuance; WER0 = the Warrant Exercise Rate in effect immediately prior to the open of business on the Ex-Date for such issuance; OS0 = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Date for such issuance;

Rights Issues. If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of such issuance, the Warrant Exercise Rate shall be increased based on the following formula: where: WER1 WER₁ = the Warrant Exercise Rate in effect at the open of business on the Ex-Date for such issuance; WER0 WER₀ = the Warrant Exercise Rate in effect immediately prior to the open of business on the Ex-Date for such issuance; OS0 OS₀ = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Date for such issuance;

Rights Issues. If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of such issuance, the Basic Warrant Exercise Rate shall be increased based on the following formula: where: WER1 BWER1 = the Basic Warrant Exercise Rate in effect at the open of business on the Ex-Date for such issuance; WER0 BWER0 = the Basic Warrant Exercise Rate in effect immediately prior to the open of business on the Ex-Date for such issuance; OS0 = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Date for such issuance;