Special Adjustment. Notwithstanding anything to the contrary that may be contained herein, if at any time on or after the date hereof, the Holder has pursuant to the Notes converted in excess of $1,500,000 of principal amount of such Notes on account of the Company having delivered a "Company Conversion Notice" pursuant to such Note, then upon each such conversion in excess of $1,500,000 (a "Subsequent Conversion") the Exercise Price shall be reduced (but not increased) to 110% of the Conversion Price in effect for each such Subsequent Conversion.
Appears in 8 contracts
Samples: Universal Display Corp \Pa\, Universal Display Corp \Pa\, Universal Display Corp \Pa\
