Common use of Adjustment by Board of Directors Clause in Contracts

Adjustment by Board of Directors. If any event occurs as to which, in the opinion of the Board of Directors of the Company, the provisions of this Section 3 are not strictly applicable or if strictly applicable would not fairly protect the rights of the holder of this Warrant in accordance with the essential intent and principles of such provisions, then the

Adjustment by Board of Directors. If any event occurs as to which, in the opinion of the Board of Directors of the Company, the provisions of this Section 3 are not strictly applicable or if strictly applicable would not fairly protect the rights of the holder of this Principal Warrant in accordance with the essential intent and principles of such provisions, then thethe Board of Directors shall make an adjustment in the application of such provisions, in accordance with such essential intent and principles, so as to protect such rights as aforesaid.

Adjustment by Board of Directors. If any event occurs as to which, in the opinion of the Board of Directors of the CompanyCompany and as agreed by the Holder, the provisions of this Section 3 4 are not strictly applicable or if strictly applicable would not fairly protect the rights of the holder of this Warrant Holder in accordance with the essential intent and principles of such provisions, then thethe Board of Directors may make such adjustment in the application of such provisions, in accordance with such essential intent and principles, as it deems appropriate so as to protect such rights as aforesaid.