Common use of When Adjustments Are to be Made Clause in Contracts

When Adjustments Are to be Made. The adjustments required by Sections 5.1(a), 5.1(b), 5.1(c) and 5.1(d) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a), 5.1(b), 5.1(c) and 5.1(d) and not previously made, would result in such minimum adjustment.

Appears in 5 contracts

Samples: Warrant Agreement (Conrad Industries Inc), Warrant Agreement (Joint Energy Development Investments Lp), Warrant Agreement (Forcenergy Inc)

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When Adjustments Are to be Made. The adjustments required by Sections 5.1(a6.1(b), 5.1(b), 5.1(c6.1(c) and 5.1(d6.1(d) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into for which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a6.1(b), 5.1(b), 5.1(c6.1(c) and 5.1(d6.1(d) and not previously made, would result in such minimum adjustment.

Appears in 3 contracts

Samples: Warrant Agreement (Danaos Corp), Warrant Agreement (Danaos Corp), Warrant Agreement (Danaos Corp)

When Adjustments Are to be Made. The adjustments required by Sections 5.1(a6.1(a), 5.1(b6.1(b), 5.1(c6.1(c), 6.1(d), 6.1(e) and 5.1(d6.1(f) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a6.1(a), 5.1(b6.1(b), 5.1(c6.1(c), 6.1(d), 6.1(e) and 5.1(d6.1(f) and not previously made, would result in such minimum adjustment.

Appears in 3 contracts

Samples: Warrant Agreement (Thurman International Ltd.), Warrant Agreement (Paragon Shipping Inc.), Warrant Agreement (Paragon Shipping Inc.)

When Adjustments Are to be Made. The adjustments required by Sections 5.1(a6.1(a), 5.1(b), 5.1(c6.1(b) and 5.1(d6.1(c) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a6.1(a), 5.1(b), 5.1(c6.1(b) and 5.1(d6.1(c) and not previously made, would result in such minimum adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Quintana Maritime LTD)

When Adjustments Are to be Made. The adjustments required by Sections 5.1(a6.1(a), 5.1(b), 5.1(c6.1(b) 6.1(c) and 5.1(d6.1(d) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a6.1(a), 5.1(b6.1(b), 5.1(c6.1(c) and 5.1(d6.1 (h)) and not previously made, would result in such minimum adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Ascent Energy Inc)

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When Adjustments Are to be Made. The adjustments required by Sections 5.1(a6.1(a), 5.1(b), 5.1(c6.1(b) 6.1(c) and 5.1(d6.1(d) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a6.1(a), 5.1(b6.1(b), 5.1(c6.1(c) and 5.1(d6.1 (h)) and not previously made, would result in such minimum adjustment.. (iii)

Appears in 1 contract

Samples: Warrant Agreement (Ascent Energy Inc)

When Adjustments Are to be Made. The adjustments required by Sections 5.1(a), 5.1(b), 5.1(c), 5.1(d) and 5.1(d5.1(e) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections 5.1(a), 5.1(b), 5.1(c), 5.1(d) and 5.1(d5.1(e) and not previously made, would result in such minimum adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Us Concrete Inc)

When Adjustments Are to be Made. The adjustments required by Sections 5.1(aSECTIONS 5.1(A), 5.1(b5.1(B), 5.1(c5.1(C) and 5.1(d5.1(D) shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Warrant Shares number of shares of Common Stock into which each Warrant is exercisable that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases the Warrant Shares number of shares of Common Stock into which each Warrant is exercisable immediately prior to the making of such adjustment by at least 1%. Any adjustment representing a change of less than such minimum amount (except as aforesaid) shall be carried forward and made as soon as such adjustment, together with other adjustments required by Sections SECTIONS 5.1(a), 5.1(b5.1(B), 5.1(c5.1(C) and 5.1(d5.1(D) and not previously made, would result in such minimum adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Metals Usa Inc)

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