Common use of Voluntary Adjustment by the Company Clause in Contracts

Voluntary Adjustment by the Company. In addition to any adjustments required pursuant to this Section 6, the Company may at its option, at any time during the term of this Warrant, reduce the then current Exercise Price or increase the number of Warrant Shares for which this Warrant may be exercised to any amount deemed appropriate by the Board; provided, however, that if the Company elects to make such adjustment, such adjustment will remain in effect for at least a 7-day period, after which time the Company may, at its option, reinstate the Exercise Price or number of Warrant Shares in effect prior to such reduction, subject to any interim adjustments pursuant to this Section 6.

Appears in 5 contracts

Samples: Warrantholders Agreement (Bright Health Group Inc.), Warrantholders Agreement (Bright Health Group Inc.), Investment Agreement (Despegar.com, Corp.)

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Voluntary Adjustment by the Company. In addition to any adjustments required pursuant to this Section 6, the The Company may at its option, at any time during the term of this Warrantthe Warrants, reduce the then current Exercise Price or increase the number of Warrant Shares for which this the Warrant may be exercised to any amount deemed appropriate by the BoardBoard of Directors of the Company; provided, however, that if the Company elects to make such adjustment, such adjustment will remain in effect for at least a 7-15- day period, after which time the Company may, at its option, reinstate the Exercise Price or number of Warrant Shares in effect prior to such reduction, subject to any interim adjustments pursuant to this Section 66.1.

Appears in 2 contracts

Samples: Investment Agreement (Dime Bancorp Inc), Investment Agreement (Warburg Pincus Equity Partners Lp)

Voluntary Adjustment by the Company. In addition to any adjustments required pursuant to this Section 6, the The Company may at its option, at any time during the term of this Warrantthe Warrants, reduce the then current Exercise Price or increase the number of Warrant Shares for which this the Warrant may be exercised to any amount deemed appropriate by the BoardBoard of Directors of the Company; provided, however, that if the Company elects to make such adjustment, such adjustment will remain in effect for at least a 715-day period, after which time the Company may, at its option, reinstate the Exercise Price or number of Warrant Shares in effect prior to such reduction, subject to any interim adjustments pursuant to this Section 66.1.

Appears in 2 contracts

Samples: Investment Agreement (Dime Bancorp Inc), Investment Agreement (Warburg Pincus Equity Partners Lp)

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Voluntary Adjustment by the Company. In addition to any adjustments required pursuant to this Section 6, the The Company may at its option, at any time during the term of this Warrantthe Warrants, reduce the then current Exercise Price or increase the number of Warrant Shares for which this the Warrant may be exercised to any amount deemed appropriate by the BoardBoard of Directors of the Company; provided, however, that if the Company elects to make such adjustment, such adjustment will remain in effect for at least a 7-15- day period, after which time the Company may, at its option, reinstate the -13- 105 Exercise Price or number of Warrant Shares in effect prior to such reduction, subject to any interim adjustments pursuant to this Section 66.1.

Appears in 1 contract

Samples: Investment Agreement (Dime Bancorp Inc)

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