Common use of When No Adjustment Required Clause in Contracts

When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares participate in the transaction. (b) No adjustment need be made for a change in the par value or no par value of the ordinary shares. (c) To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 6 contracts

Samples: Warrant Agreement (CIS Acquisition Ltd.), Warrant Agreement (CIS Acquisition Ltd.), Warrant Agreement (CIS Acquisition Ltd.)

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When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares common stock participate in the transaction. (b) No adjustment need be made for a change in the par value or no par value of the ordinary sharescommon stock. (c) To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 6 contracts

Samples: Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.), Warrant Agreement (Selway Capital Acquisition Corp.)

When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares Common Stock participate in the transaction. (b) No adjustment need be made for a change in the par value or no par value of the ordinary sharesCommon Stock. (c) To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 4 contracts

Samples: Warrant Agreement (Prime Acquisition Corp), Warrant Agreement (Prime Acquisition Corp), Warrant Agreement (Prime Acquisition Corp)

When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 4.2, 4.3, 4.4, 4.5 or 4.6 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board board of Directors directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares Common Stock participate in the transaction. (b) . No adjustment need be made for a change in the par value or no par value of the ordinary shares. (c) Common Stock. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 2 contracts

Samples: Warrant Agreement (Two Harbors Investment Corp.), Warrant Agreement (Capitol Acquisition Corp)

When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 subsection (c) of this Section 11 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares Common Stock participate in the transaction. (b) . No adjustment need be made for a change in the par value or no par value of the ordinary shares. (c) Common Stock. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 1 contract

Samples: Warrant Agreement (Anc Rental Corp)

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When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 subsections (a) or (b) of this Section 9 if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares Common Stock participate in the transaction. (b) . No adjustment need be made for a change in the par value or no par value of the ordinary shares. (c) Common Stock. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 1 contract

Samples: Warrant Agreement (Fibernet Telecom Group Inc\)

When No Adjustment Required. (a) No adjustment need be made for a transaction referred to in Sections 11.2-11.3 subsection (c) of this Section 11A if Warrant holders are to participate, without requiring the Warrants to be exercised, in the transaction on a basis and with notice that the Board of Directors of the Company reasonably determines to be fair and appropriate in light of the basis and notice on which holders of ordinary shares Common Stock participate in the transaction. (b) . No adjustment need be made for a change in the par value or no par value of the ordinary shares. (c) Common Stock. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.

Appears in 1 contract

Samples: Warrant Agreement (Anc Rental Corp)

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