Successive Events Clause Samples

The 'Successive Events' clause defines how a contract addresses situations where multiple events, such as delays or breaches, occur one after another or overlap. Typically, this clause outlines the order in which these events are considered, how their effects are combined or separated, and whether one event supersedes or modifies the consequences of another. For example, if a delay caused by a contractor is followed by a delay due to force majeure, the clause will specify how responsibility and remedies are allocated. Its core function is to provide clarity and fairness in handling complex scenarios involving multiple, potentially interacting contractual events, thereby reducing disputes and ambiguity.
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Successive Events. The Exercise Price and the number of Option Shares subject to the Call Options shall be readjusted in the same manner described above upon the happening of any successive events or events described in this subclause 3. In the case of any adjustment or readjustment of the Exercise Price or the number of Option Shares subject to the Call Options, the Purchaser shall, at its expense, promptly compute such adjustment or readjustment in accordance with subclause 3.3 and deliver a written notice to each Seller showing in detail the facts upon which such adjustment or readjustment is based, and the Exercise Price and the number of Option Shares issuable upon exercise of such Seller’s Call Option after such adjustment or readjustment. In cases where the relevant adjustment formula is dependent upon the Bid Price (which may not be known at the time the adjustment or readjustment is required to be determined), the written notice to be delivered by the Purchaser shall include tables which show the computed adjustment or readjustment for an appropriate range of possible Bid Prices.
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Successive Events. Roche shall make each of such payments only once for the first occurrence of the requisite event for such Product or Clinical Candidate, regardless of how many times the event may be subsequently achieved with such Product or Clinical Candidate.
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Successive Events. The provisions of this Section 3.7 shall apply successively to each Change of Control or Sale of the Company which may occur.
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Related to Successive Events

  • Successive Adjustments After an adjustment to the Conversion Rate under this Article 10, any subsequent event requiring an adjustment under this Article 10 shall cause an adjustment to the Conversion Rate as so adjusted.

  • Other Dilutive Events In case any event shall occur as to which the provisions of Section 2 or Section 3 are not strictly applicable but the failure to make any adjustment would not fairly protect the purchase rights represented by this Warrant in accordance with the essential intent and principles of such Sections, then, in each such case, the Company shall appoint a firm of independent certified public accountants of recognized national standing (which may be the regular auditors of the Company), which shall give their opinion upon the adjustment, if any, on a basis consistent with the essential intent and principles established in Sections 2 and 3, necessary to preserve, without dilution, the purchase rights represented by this Warrant. Upon receipt of such opinion, the Company will promptly mail a copy thereof to the Holder and shall make the adjustments described therein.

  • Masculine or Feminine Gender Unless otherwise specifically stated, any provision in this Agreement which is expressed in terms of the masculine shall, in its application to a female employee, be read with the necessary changes to express the feminine, and vice versa.

  • Indemnification Not Exclusive, etc The right of indemnification provided by this Article 8 shall not be exclusive of or affect any other rights to which any such Covered Person or shareholder may be entitled. As used in this Article 8, a "disinterested" Person is one against whom none of the actions, suits or other proceedings in question, and no other action, suit or other proceeding on the same or similar grounds is then or has been pending or threatened. Nothing contained in this Article 8 shall affect any rights to indemnification to which personnel of the Trust, other than Trustees and officers, and other Persons may be entitled by contract or otherwise under law, nor the power of the Trust to purchase and maintain liability insurance on behalf of any such Person.

  • Variations of Pronouns All pronouns and all variations thereof shall be deemed to refer to the masculine, feminine, or neuter, singular or plural, as the context in which they are used may require.