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 issued following the date hereof or the termination of any right to convert or exchange any Convertible Securities issued following the date hereof, 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.

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option issued following the date hereof or the termination of any right to convert or exchange any Convertible Securities issued following the date hereofSecurities, 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.

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option issued following the date hereof or the termination of any right to convert or exchange any Convertible Securities issued following at any time after the date hereof, in either case of issuance without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Shares shares of Common Stock acquirable hereunder shall be adjusted immediately 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.