Common use of Voluntary Adjustment Clause in Contracts

Voluntary Adjustment. The Company from time to time may increase the Exercise Rate and correspondingly decrease the Exercise Price per Security by any number and for any period of time; provided, however, that such period is not less than 20 Business Days. Whenever the Exercise Rate is so increased and the Exercise Price per Security is so decreased, the Company shall mail to the Holder a notice thereof. The Company shall give the notice at least 10 days before the date the increased Exercise Rate and decreased Exercise Price per Security takes effect. The notice shall state the increased Exercise Rate and decreased Exercise Price per Security and the period it will be in effect. A voluntary increase in the Exercise Rate and decrease in the Exercise Price per Security shall not change or adjust the Exercise Rate or Exercise Price per Security otherwise in effect as determined by this Section 7.

Appears in 2 contracts

Samples: Casual Male Retail Group Inc, Scientific Games Corp

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Voluntary Adjustment. The Company from time to time may increase the Exercise Rate and correspondingly decrease or reduce the Exercise Price per Security by any number and for any period of time; provided, however, time (provided that such period is not less than 20 Business Days). Whenever the Exercise Rate is so increased and or the Exercise Price per Security is so decreasedreduced, the Company shall mail to holders at the Holder addresses appearing on the Warrant Register and file with the Warrant Agent a notice thereofof the increase. The Company shall give the notice at least 10 15 days before the date the increased Exercise Rate and or decreased Exercise Price per Security takes effect. The notice shall state the increased Exercise Rate and or decreased Exercise Price per Security and the period it will be in effect. A voluntary increase in the Exercise Rate and or decrease in the Exercise Price per Security shall does not change or adjust the Exercise Rate or Exercise Price per Security otherwise in effect as determined by this Section 75.01.

Appears in 1 contract

Samples: Warrant Agreement (Transportation Technologies Industries Inc)

Voluntary Adjustment. The Company from time to time may increase the Exercise Rate and correspondingly decrease or reduce the Exercise Price per Security by any number and for any period of time; provided, however, time (provided that such period is not less than 20 Business Days). Whenever the Exercise Rate is so increased and or the Exercise Price per Security is so decreasedreduced, the Company shall mail to holders at the Holder addresses appearing on the Warrant Register and file with the Warrant Agent a notice thereofof the increase or reduction. The Company shall give the notice at least 10 15 days before the date the increased Exercise Rate and or decreased Exercise Price per Security takes effect. The notice shall state the increased Exercise Rate and or decreased Exercise Price per Security and the period it will be in effect. A voluntary increase in the Exercise Rate and or decrease in the Exercise Price per Security shall does not otherwise change or adjust the Exercise Rate or Exercise Price per Security otherwise in effect as determined by this Section 75.01 or any other provision of this Agreement.

Appears in 1 contract

Samples: Warrant Agreement (Spectrasite Holdings Inc)

Voluntary Adjustment. The Company from time to time may increase the Exercise Rate and correspondingly decrease or reduce the Exercise Price per Security by any number and for any period of time; provided, however, time (provided that such period is not less than 20 Business Days). Whenever the Exercise Rate is so increased and or the Exercise Price per Security is so decreasedreduced, the Company shall mail to Purchasers at their addresses appearing on Schedule B or C, as applicable, and file with the Holder Warrant Agent a notice thereofof the increase. The Company shall give the notice at least 10 15 days before the date the increased increased. Exercise Rate and or decreased Exercise Price per Security takes effect. The notice shall state the increased Exercise Rate and or decreased Exercise Price per Security and the period it will be in effect. A voluntary increase in the Exercise Rate and or decrease in the Exercise Price per Security shall does not change or adjust the Exercise Rate or Exercise Price per Security otherwise in effect as determined by this Section 75.01.

Appears in 1 contract

Samples: Warrant Agreement (Transportation Technologies Industries Inc)

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Voluntary Adjustment. The Company from time to time may increase the Exercise Rate and correspondingly decrease or reduce the Exercise Price per Security by any number and for any period of time; provided, however, time (provided that such period is not less than 20 Business Days). Whenever the Exercise Rate is so increased and or the Exercise Price per Security is so decreasedreduced, the Company shall mail to the Holder Purchasers at their addresses appearing on Schedule B a notice thereofof the increase. The Company shall give the notice at least 10 15 days before the date the increased Exercise Rate and or decreased Exercise Price per Security takes effect. The notice shall state the increased Exercise Rate and or decreased Exercise Price per Security and the period it will be in effect. A voluntary increase in the Exercise Rate and or decrease in the Exercise Price per Security shall does not change or adjust the Exercise Rate or Exercise Price per Security otherwise in effect as determined by this Section 75.01.

Appears in 1 contract

Samples: Warrant Agreement (Transportation Technologies Industries Inc)

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