Warrant Number and Price Sample Clauses

Warrant Number and Price. Subject to the provisions of (i) this Warrant entitles the Holder to purchase at any time during the Warrant Term for the Warrant Price shares of Common Stock with an aggregate purchase price of up to Twenty Million Dollars ($20,000,000) (either paid pursuant to Section 1.3(a) or deemed to have been paid in the case of Net Basis Settlement), subject to adjustment as set forth herein and in the Main Agreement; provided that the Warrant may not be exercised prior to 11:59 p.m. on December 12, 2008, unless either the First Closing or the Second Closing has occurred, and provided further that the Warrant may not be exercised for more than Twelve Million Five Hundred Thousand Dollars ($12,500,000) until both of the First Closing (as defined in the Main Agreement) and the Second Closing (as defined in the Main Agreement) have occurred; (ii) The "Warrant Price" shall be a price per share equal to the lesser of (i) Six Dollars ($6.00) (the "Cap Price") and (ii) the Prevailing Price as of the date of the relevant Warrant Notice less sixty cents ($0.60), subject to adjustment as set forth herein and in the Main Agreement; provided that if a Warrant Notice is submitted within a period of time beginning on and including the date of any prior Warrant Notice and ending twenty (20) Business Days after and excluding the date of the Warrant Exercise Closing Date for such Warrant Notice, the Warrant Price for such subsequent Warrant Exercise shall equal the lesser of (A) the Warrant Price in any Warrant Notice submitted during this period or (B) the Warrant Price that would otherwise be applicable without reference to any such preceding Warrant Notice.
Sample 1
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Related to Warrant Number and Price

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

  • Warrant Exercise Price 1.1 Each Warrant shall entitle the Warrant Holder the right to purchase one share of Common Stock of the Company (individually, a "Warrant Share" severally, the "Warrant Shares"). 1.2 The purchase price payable upon exercise of each Warrant ("Exercise Price") shall be $.

  • Adjustment of Number of Warrant Shares and Exercise Price The number and kind of Warrant Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustment of Warrant Price and Number of Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Adjustment of Exercise Price and Number of Warrant Shares Issuable The Exercise Price and the number of Warrant Shares issuable upon the exercise of each Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 10. For purposes of this Section 10, "Common Stock" means shares now or hereafter authorized of any class of common stock of the Company and any other stock of the Company, however designated, that has the right (subject to any prior rights of any class or series of preferred stock) to participate in any distribution of the assets or earnings of the Company without limit as to per share amount.

  • Adjustments of Exercise Price and Number of Warrant Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time upon the happening of any of the following. In case the Company shall (i) pay a dividend in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company resulting from such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Adjustment of Exercise Price and Number of Shares The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustment of Number of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of Exercise Price.

  • Payment of Warrant Exercise Price The holder has paid in connection with this exercise the sum of $ to the Company in accordance with the terms of the Warrant.

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