Common use of Treatment of Expired Options and Unexercised Convertible Securities Clause in Contracts

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.

Appears in 3 contracts

Samples: Warrant Issuance Agreement (Par Petroleum Corp/Co), Warrant Issuance Agreement (Cornell Corrections Inc), Warrant Agreement (Ladish Co Inc)

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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 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

Appears in 1 contract

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 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.

Appears in 1 contract

Samples: Warrant Agreement (Network Communications, 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 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.

Appears in 1 contract

Samples: Exercise 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.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 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)

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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 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.

Appears in 1 contract

Samples: Warrant Agreement (Cti Industries Corp)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option Options or the termination of any right to convert or exchange any Convertible Securities Securities, in either case without the exercise of such Option or rightconversion or exchange of such Convertible Securities, the Exercise Price then in effect and the number of shares of Common Stock issuable upon exercise of the Warrant Shares acquirable hereunder shall will be adjusted to the Exercise Price and the number of shares of Common Stock which would have been in effect issuable upon exercise of the Warrant at the time of such expiration or termination had such Option Options or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 1 contract

Samples: Warrant Agreement (Ramsay Youth Services 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 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.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Satcon Technology Corp)

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