The Exercise Price. (as defined in Section 8) and the number of shares issuable upon exercise of each Warrant are subject to adjustment upon the occurrence of certain events, all as hereinafter provided. The Warrant Certificates shall be executed on behalf of the Company by its Chairman of the Board, President or one of its Vice Presidents, and attested to by its Secretary or an Assistant Secretary. The signature of any of such officers on the Warrant Certificates may be manual or facsimile. Warrant Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any one of them shall have ceased to hold such offices prior to the delivery of such Warrant Certificates or did not hold such offices on the date of this Agreement.
The Exercise Price means (x) prior to the expiration of the Thirty Day Period (as defined below), $6.25 per share of Common Stock, as adjusted hereunder (the "Initial Exercise Price"), or (y) after the expiration of the Thirty Day Period, the lesser of (1) the Initial Exercise Price, as adjusted hereunder, and (2) 82.5% of the average of the daily Closing Price per share of Common Stock for the 30 consecutive trading days following the public release by the Company of its consolidated earnings statement for the fiscal year ending May 31, 1998 (the "Thirty Day Period"), subject to appropriate adjustment for the events described in Section 6.1(a) herein if any such event occurs during the Thirty Day Period; provided that if shares of Common Stock are not then traded on any national securities exchange or quoted by NASDAQ or a similar service, the Closing Price for the foregoing purposes shall be deemed to be the fair market value of a share of Common Stock as shall be determined in good faith by the Board of Directors of the Company. If the holders of a majority in interest of the Warrant Shares issuable upon the exercise of the Investor Warrants disagree with the Board's determination of fair market value for the purposes of the Investor Warrants, the fair market value for the purposes of the Warrant shall be the fair market value determined for the purposes of the Investor Warrants. Notwithstanding the foregoing, if at any time prior to the expiration of the Thirty Day Period, no shares of the Series B Preferred Stock remain outstanding, the definition of "Exercise Price" shall mean the Initial Exercise Price, as adjusted hereunder. The Exericise Price as determined in accordance with the foregoing shall be adjusted from time to time in accordance with the provisions of Section 6.
The Exercise Price means the price per Share payable upon the exercise of an Option (as determined in accordance with rule 3);
Examples of The Exercise Price in a sentence
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.
The Exercise Price is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement.
The Exercise Price is subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement.
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 2.
The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described herein in this Section 4.
More Definitions of The Exercise Price
The Exercise Price means the price for the Shares determined in accordance with paragraph 2.2(b) below;
The Exercise Price the amount payable per Share on the exercise of an Option which amount is set forth herein;
The Exercise Price means the price per Scheme Share denominated in Pounds Sterling payable on the exercise of an Option as determined under Rule 5;
The Exercise Price means the price at which the Landlord may exercise its option to terminate the Land Lease and grant the New Lease;
The Exercise Price. As defined in Clause 5.4 below. ------------------------------------- ----------------------------------------------------------------- "the Option Shares" As defined in Clause 4.2 below. ------------------------------------- ----------------------------------------------------------------- "the First Option Shares" As defined in Clause 5.1 below. ------------------------------------- ----------------------------------------------------------------- "the Second Option Shares" As defined in Clause 5.2 below. ------------------------------------- ----------------------------------------------------------------- "Ordinary Shares" As defined in Clause 2.3 below. ------------------------------------- ----------------------------------------------------------------- "Binding Document of Principles" As defined in the preamble to this Agreement. ------------------------------------- ----------------------------------------------------------------- "Stellar" Stellar Satellite Communications Ltd. ------------------------------------- ----------------------------------------------------------------- "the Deposit Amount" As defined in Clause 10.1 below. ------------------------------------- ----------------------------------------------------------------- "Interest" LIBOR less 0.2%. ------------------------------------- ----------------------------------------------------------------- "Tadiran Systems" Tadiran Electronic Systems Ltd. ------------------------------------- ----------------------------------------------------------------- "Tadiran Spectralink" Tadiran Spectralink Ltd. ------------------------------------- ----------------------------------------------------------------- "the Consideration for the Shares" As defined in Clause 4.1 below. ------------------------------------- ----------------------------------------------------------------- "the First Option Period" As defined in Claus 5.1 below. ------------------------------------- ----------------------------------------------------------------- "the Second Option Period" As defined in Clause 5.2 below. ------------------------------------- -----------------------------------------------------------------
The Exercise Price. Every Option may be exercised into one ordinary share of 1 New Israeli Shekel of the Company, par value, in return for payment in New Israeli Shekels which is equivalent to the sum of US $22.5 United States Dollars for every share (calculated in accordance with the representative rate of the dollar which is known at the time of the exercise), subject to adjustments set forth below. "The New Exercise Price" - In the event that the Company shall distribute a dividend in cash, the exercise price shall be the Exercise Price as per its definition above, with the deduction of the gross amount cash dividend which shall be paid to the shareholders of the Company in respect of any exercise share. In any event the New Exercise Price shall not be less than 1 New Israeli Shekel.
The Exercise Price applicable under this Warrant shall be $0.01 for each share acquired hereunder." REAFFIRMATION OF REGISTRATION RIGHTS AGREEMENT