Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares acquirable hereunder shall be adjusted to the Exercise Price and the number of shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
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Samples: Warrant Issuance Agreement (Par Petroleum Corp/Co), Warrant Agreement (Ladish Co Inc), Warrant Issuance Agreement (Cornell Corrections Inc)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares Interests acquirable hereunder shall be adjusted to the Exercise Price and the number of shares units which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
Appears in 3 contracts
Samples: Warrant Agreement (Sleepmaster LLC), Warrant Agreement (Lower Road Associates LLC), Warrant Agreement (Sleepmaster LLC)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities without the exercise of such Option the underlying option or right, provided such Options or Convertible Securities are not reissued by the Exercise Price Corporation, the Conversion Rate then in effect and the number of Warrant Shares acquirable hereunder shall will be adjusted to the Exercise Price and the number of shares which Conversion Rate that would have been in effect at the time of such expiration or termination had such Option or Convertible SecuritiesSecurity, to the extent outstanding immediately prior to such expiration or termination, never been issued.
Appears in 2 contracts
Samples: Preferred Share and Warrant Purchase Agreement (Price Michael F), Preferred Share and Warrant Purchase Agreement (Aster Cephac)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares acquirable hereunder shall be adjusted to the Exercise Price and the number of shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
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Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities Securities, in either case, without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares Class A Units acquirable hereunder shall be adjusted to the Exercise Price and the number of shares units which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
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Samples: Warrant Agreement (McCormick & Schmick Holdings, L.L.C.)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares acquirable hereunder (whether or not then acquirable or subject to a contingency) shall be adjusted to the Exercise Price and the number of shares Warrant Shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.or
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Samples: Investment Agreement (Recovery Equity Investors Ii Lp)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of shares of Warrant Shares acquirable hereunder Stock issuable upon exercise of this Warrant shall be adjusted to the Exercise Price and the number of shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Morton Industrial Group Inc)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares acquirable hereunder (whether or not then acquirable or subject to a contingency) shall be adjusted to the Exercise Price and the number of shares Warrant Shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.had
Appears in 1 contract
Samples: Stock Purchase Agreement (Recovery Equity Investors Ii Lp)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of shares of Warrant Shares Stock acquirable hereunder shall be adjusted to the Exercise Price and the number of shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issuedissued and the consideration for such exercise never been received.
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Samples: Note and Warrant Purchase Agreement (Satcon Technology Corp)
Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares acquirable hereunder shall be adjusted to the Exercise Price and the number of shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.
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