Special Adjustment of Warrant Price Sample Clauses

Special Adjustment of Warrant Price. Upon each adjustment to the Series F Conversion Price (as defined in the Restated Articles) pursuant to Article III.B.5.(f)(vi) or (viii) of the Restated Articles in the event the Company issues any Additional Stock (as defined in the Restated Articles) or upon a Sale of the Company, respectively, the Warrant Price in effect immediately prior to such adjustment shall, in the case of an adjustment under Article III.B.5.(f)(vi) of the Restated Articles, be decreased by the same percentage that the Series F Conversion Price was decreased as a result of such event, and in the case of an adjustment under Article III.B.5.(f)(viii) of the Restated Articles, be adjusted to equal the adjusted Series F Conversion Price in effect immediately after such adjustment.
Sample 1
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Special Adjustment of Warrant Price. Upon an Initial Public Offering, Sale of the Company or Liquidation. The Warrant Price shall be adjusted as follows in connection with and upon the closing of an Initial Public Offering, a Sale of the Company or a Liquidation (a "Liquidity Event"). If the per share price of the Liquidity Event is greater than or equal to $8.50, the Warrant Price shall not be adjusted pursuant to this paragraph. If the per share price of the Liquidity Event is greater than or equal to $7.00 but less than $8.50, the Warrant Price shall be adjusted to equal $2.125. If the per share price of the Liquidity Event is less than $7.00, the Warrant Price shall be adjusted to equal $0.00. In all provisions of this Warrant, the per share price (i) with respect to an Initial Public Offering refers to the "price to public" of the Initial Public Offering, as shown on the cover page of the final prospectus relating thereto, or (ii) with respect to a Sale of the Company, the per share price shall be determined by dividing the aggregate consideration received by the Company by the number of outstanding shares (including vested options and exercisable warrants, and any unvested options and unexercisable warrants that become vested or exercisable, respectively, upon such event) immediately prior to such Sale of the Company and treating ail outstanding shares of convertible Preferred Stock as converted to Common Stock at the Conversion Price in effect immediately prior to the closing of such Sale of the Company and (iii) with respect to a Liquidation, the per share price shall be determined by dividing the aggregate consideration payable by the Company by the number of outstanding shares (including vested options and exercisable warrants, and any unvested options and unexercisable warrants that become vested or exercisable, respectively, upon such event) immediately prior to such Liquidation and treating all outstanding shares of convertible Preferred Stock as converted to Common Stock at the Conversion Price in effect immediately prior to such Liquidation. All per share amounts stated in this Paragraph 4(e) shall be appropriately adjusted for any Adjustment Event.
Sample 1
Special Adjustment of Warrant Price. If the Company shall fail to maintain the effective registration of Registrable Securities in accordance with section 9.1 of this Warrant (other than for reasons outside the Company's control), and such failure shall continue for a period of 30 days from (a) in the case of the registration required to be effected pursuant to section 9.1(a), November 15, 1997, or (b) in the case of such registration ceasing to remain in effect, the date thereof, the Warrant Price in effect at the time of such failure will,
Sample 1

Related to Special Adjustment of Warrant Price

  • Adjustment of Warrant Price The price at which such shares of Warrant Stock may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.

  • Warrant Price Adjustment Except as otherwise provided herein, whenever the number of shares of Warrant Stock purchasable upon exercise of this Warrant is adjusted, as herein provided, the Warrant Price payable upon the exercise of this Warrant shall be adjusted to that price determined by multiplying the Warrant Price immediately prior to such adjustment by a fraction (i) the numerator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately prior to such adjustment, and (ii) the denominator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately thereafter.

  • Adjustment of Warrant Price and Warrant Share Number The number of shares of Common Stock for which this Warrant is exercisable, and the price at which such shares may be purchased upon exercise of this Warrant, shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with Section 5.

  • 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 Warrant Price and Number of Warrant Shares The number and kind of securities purchasable upon the exercise of each Warrant and the Warrant Price shall be subject to adjustment from time to time upon the happening of certain events, as hereinafter defined.

  • Adjustment of Number of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of Exercise Price.

  • Adjustment of Warrant Shares Simultaneously with any adjustment to the Exercise Price pursuant to paragraphs (a) through (d) of this Section 9, the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price payable hereunder for the increased or decreased number of Warrant Shares shall be the same as the aggregate Exercise Price payable for the Warrant Shares immediately prior to such adjustment.

  • Conversion Price Adjustment In the event the Company, shall, at any time following the issuance of the Series A-1 Preference Shares, issue additional Common Shares in a financing transaction the sole purpose of which is to raise capital, at a price per share less than the Conversion Price then in effect, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration paid for such additional Common Shares.

  • Adjustments in Warrant Price 4.3.1 Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

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

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