{"component": "clause", "props": {"groups": [{"samples": [{"hash": "f0XbKzAy6kc", "uri": "/contracts/f0XbKzAy6kc#adjustment-event", "label": "Harvest Agreement", "score": 26.8521556854, "published": true}, {"hash": "bS3wanK9xRw", "uri": "/contracts/bS3wanK9xRw#adjustment-event", "label": "Haulage Agreement", "score": 26.8521556854, "published": true}, {"hash": "5I8rlsp6Ufe", "uri": "/contracts/5I8rlsp6Ufe#adjustment-event", "label": "Linked Harvest Agreement", "score": 26.8521556854, "published": true}], "size": 82, "snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [30, 43]}, {"key": "taxable-supply", "type": "clause", "offset": [46, 60]}, {"key": "a-supplier", "type": "definition", "offset": [69, 79]}, {"key": "the-agreement", "type": "clause", "offset": [86, 99]}, {"key": "amount-payable", "type": "definition", "offset": [105, 119]}, {"key": "by-the-recipient", "type": "clause", "offset": [120, 136]}, {"key": "under-clause", "type": "clause", "offset": [137, 149]}, {"key": "the-adjustment", "type": "clause", "offset": [187, 201]}, {"key": "to-the-supplier", "type": "clause", "offset": [252, 267]}, {"key": "to-the-recipient", "type": "definition", "offset": [287, 303]}, {"key": "the-case", "type": "definition", "offset": [307, 315]}], "snippet": "If an adjustment event arises in respect of a taxable supply made by a supplier under the Agreement, the amount payable by the recipient under clause 20.3 will be recalculated to reflect the adjustment event and a payment will be made by the recipient to the supplier or by the supplier to the recipient as the case requires.", "hash": "caf88bdcf645e2386cf1ddd7e40f0cd9", "id": 1}, {"samples": [{"hash": "hVsPlCsqBgd", "uri": "/contracts/hVsPlCsqBgd#adjustment-event", "label": "Warrant Agreement (Glencore International PLC)", "score": 22.9274463654, "published": true}, {"hash": "hEu2dm8JFKx", "uri": "/contracts/hEu2dm8JFKx#adjustment-event", "label": "Warrant Agreement (Glencore Holding Ag)", "score": 21.0, "published": true}, {"hash": "fvZ2jhSnltp", "uri": "/contracts/fvZ2jhSnltp#adjustment-event", "label": "Warrant Agreement (Polymet Mining Corp)", "score": 21.0, "published": true}], "size": 9, "snippet_links": [{"key": "whenever-the-company", "type": "definition", "offset": [7, 27]}, {"key": "pursuant-to", "type": "clause", "offset": [32, 43]}, {"key": "person-or-entity", "type": "definition", "offset": [85, 101]}, {"key": "for-cash", "type": "definition", "offset": [122, 130]}, {"key": "no-consideration", "type": "clause", "offset": [138, 154]}, {"key": "related-securities", "type": "definition", "offset": [166, 184]}, {"key": "existing-securities", "type": "clause", "offset": [207, 226]}, {"key": "such-rights", "type": "definition", "offset": [237, 248]}, {"key": "each-case", "type": "definition", "offset": [326, 335]}, {"key": "persons-to-whom", "type": "clause", "offset": [337, 352]}, {"key": "the-share", "type": "clause", "offset": [353, 362]}, {"key": "right-to-acquire", "type": "clause", "offset": [428, 444]}, {"key": "consideration-per-common-share", "type": "definition", "offset": [464, 494]}, {"key": "the-current", "type": "clause", "offset": [523, 534]}, {"key": "the-common-shares", "type": "clause", "offset": [551, 568]}, {"key": "exchange-business-day", "type": "definition", "offset": [576, 597]}, {"key": "date-of", "type": "clause", "offset": [624, 631]}, {"key": "terms-of-issue", "type": "clause", "offset": [669, 683]}, {"key": "the-exercise-price", "type": "definition", "offset": [745, 763]}, {"key": "subject-to", "type": "clause", "offset": [773, 783]}, {"key": "in-accordance-with", "type": "clause", "offset": [795, 813]}, {"key": "securities-rights", "type": "definition", "offset": [931, 948]}, {"key": "issued-to", "type": "definition", "offset": [978, 987]}, {"key": "issue-of-other-securities-to-shareholders", "type": "clause", "offset": [1018, 1059]}, {"key": "issues-of-common-shares-at-below-current-market-price", "type": "clause", "offset": [1079, 1132]}], "snippet": "If and whenever the Company or (pursuant to arrangements with the Company) any other person or entity shall issue, wholly for cash or for no consideration, any Share-Related Securities or shall grant to any existing securities so issued such rights as to make such securities Share-Related Securities as a result of which, in each case, persons to whom the Share-Related Securities or such rights are issued or granted have the right to acquire Common Shares at a Consideration per Common Share which is less than 100%, of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of issue of such Share-Related Securities or the terms of such grant, the Exercise Price shall be subject to adjustment in accordance with this Section 12(g). However, if any such issue or grant also falls within the terms of Section 12(d) (Common Shares, Securities Rights and Share-Related Securities Issued to Shareholders), Section 12(e) (Issue of Other Securities to Shareholders) or Section 12(f) (Issues of Common Shares at Below Current Market Price), the Exercise Price shall not be subject to adjustment in accordance with this Section 12(g).", "hash": "a9dccfc2c92473d16a42b90eb5f7e684", "id": 7}, {"samples": [{"hash": "66cRP0tJY7Z", "uri": "/contracts/66cRP0tJY7Z#adjustment-event", "label": "Licence Agreement", "score": 34.5954933167, "published": true}, {"hash": "hddpivlFXma", "uri": "/contracts/hddpivlFXma#adjustment-event", "label": "Licence Agreement", "score": 34.0367431641, "published": true}, {"hash": "7gDMOvQWptG", "uri": "/contracts/7gDMOvQWptG#adjustment-event", "label": "School Council Licence Agreement", "score": 33.5590438843, "published": true}], "size": 27, "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [24, 38]}, {"key": "taxable-supply", "type": "clause", "offset": [41, 55]}, {"key": "this-licence", "type": "definition", "offset": [67, 79]}, {"key": "the-licensee-must", "type": "clause", "offset": [81, 98]}, {"key": "amount-payable", "type": "definition", "offset": [115, 129]}, {"key": "under-clause", "type": "clause", "offset": [148, 160]}, {"key": "the-adjustment", "type": "clause", "offset": [185, 199]}, {"key": "school-council", "type": "definition", "offset": [257, 271]}, {"key": "payment-to", "type": "clause", "offset": [346, 356]}, {"key": "by-the-licensee", "type": "clause", "offset": [393, 408]}, {"key": "by-the-school", "type": "clause", "offset": [435, 448]}, {"key": "the-case", "type": "definition", "offset": [477, 485]}], "snippet": "If an adjustment arises in relation to a taxable supply made under this Licence, the Licensee must recalculate the amount payable on account of GST under clause 34.2 to take account of the adjustment event. The Licensee must issue an adjustment note to the School Council within 28 days of becoming aware of the adjustment event. A corresponding payment to reflect the adjustment must be made by the Licensee to the School Council, or by the School Council to the Licensee, as the case may be.", "hash": "510b9ae01172038ae8f306f86a5a99ba", "id": 3}, {"samples": [{"hash": "wEftym2IKN", "uri": "/contracts/wEftym2IKN#adjustment-event", "label": "Common Stock Purchase Warrant (TCW Group Inc)", "score": 36.3860359192, "published": true}, {"hash": "labRdt7lxv3", "uri": "/contracts/labRdt7lxv3#adjustment-event", "label": "Common Stock Purchase Warrant (TCW Group Inc)", "score": 36.3860359192, "published": true}, {"hash": "lQQUqGZiS7T", "uri": "/contracts/lQQUqGZiS7T#adjustment-event", "label": "Warrant Agreement (TCW Group Inc)", "score": 36.3860359192, "published": true}], "size": 33, "snippet_links": [{"key": "section-6", "type": "clause", "offset": [26, 35]}, {"key": "effective-immediately", "type": "definition", "offset": [77, 98]}, {"key": "record-date", "type": "definition", "offset": [111, 122]}, {"key": "an-event", "type": "clause", "offset": [142, 150]}, {"key": "the-determination-of", "type": "definition", "offset": [176, 196]}, {"key": "to-receive", "type": "definition", "offset": [219, 229]}, {"key": "dividend-or-distribution", "type": "definition", "offset": [232, 256]}, {"key": "determination-date", "type": "definition", "offset": [409, 427]}, {"key": "the-company", "type": "clause", "offset": [431, 442]}, {"key": "to-defer", "type": "definition", "offset": [453, 461]}, {"key": "the-applicable", "type": "clause", "offset": [486, 500]}, {"key": "the-holder", "type": "clause", "offset": [533, 543]}, {"key": "such-determination", "type": "definition", "offset": [575, 593]}, {"key": "additional-shares-of-common-stock", "type": "definition", "offset": [655, 688]}, {"key": "other-securities", "type": "definition", "offset": [692, 708]}, {"key": "the-adjustment", "type": "clause", "offset": [750, 764]}, {"key": "required-by", "type": "definition", "offset": [765, 776]}, {"key": "stock-issuable", "type": "clause", "offset": [825, 839]}, {"key": "in-lieu-of", "type": "clause", "offset": [950, 960]}, {"key": "pursuant-to-section-5", "type": "clause", "offset": [974, 995]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [997, 1025]}, {"key": "the-term", "type": "clause", "offset": [1029, 1037]}], "snippet": "In any case in which this Section 6 provides that an adjustment shall become effective immediately after (i) a record date or record date for an event, (ii) the date fixed for the determination of stockholders entitled to receive a dividend or distribution pursuant to this Section 6 or (iii) a date fixed for the determination of stockholders entitled to receive Options pursuant to this Section 6 (each, a \u201cDetermination Date\u201d), the Company may elect to defer until the occurrence of the applicable Adjustment Event (x) issuing to the Holder of any Warrant exercised after such Determination Date and before the occurrence of such Adjustment Event, the additional shares of Common Stock or other securities issuable upon such exercise by reason of the adjustment required by such Adjustment Event over and above the Common Stock issuable upon such conversion before giving effect to such adjustment and (y) paying to such Holder any amount in cash in lieu of any fraction pursuant to Section 5. 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The Supplier must issue an adjustment note to the School Council within 28 days of becoming aware of the adjustment event. A corresponding payment to reflect the adjustment must be made by the Supplier to the School Council, or by the School Council to the Supplier, as the case may be.", "hash": "8a6cd71a571b7628ed7e74cf1df8cb38", "id": 5}, {"samples": [{"hash": "iSgyp4FfCiy", "uri": "/contracts/iSgyp4FfCiy#adjustment-event", "label": "Retiree Settlement Agreement", "score": 31.3408622742, "published": true}, {"hash": "Q8mxVyMvsL", "uri": "/contracts/Q8mxVyMvsL#adjustment-event", "label": "Settlement Agreement (Chrysler Group LLC)", "score": 22.226556778, "published": true}, {"hash": "2nQF8gwmtNm", "uri": "/contracts/2nQF8gwmtNm#adjustment-event", "label": "Settlement Agreement", "score": 21.9909267426, "published": true}], "size": 9, "snippet_links": [], "snippet": "\u201cAdjustment Event\u201d shall mean:", "hash": "c17abae6773916e619a03c89de0e23b6", "id": 6}, {"samples": [{"hash": "hVsPlCsqBgd", "uri": "/contracts/hVsPlCsqBgd#adjustment-event", "label": "Warrant Agreement (Glencore International PLC)", 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"consideration-per-common-share", "type": "definition", "offset": [316, 346]}, {"key": "the-common-shares", "type": "clause", "offset": [417, 434]}, {"key": "exchange-business-day", "type": "definition", "offset": [442, 463]}, {"key": "date-of", "type": "clause", "offset": [490, 497]}, {"key": "the-proposals", "type": "clause", "offset": [531, 544]}, {"key": "the-exercise-price", "type": "definition", "offset": [565, 583]}, {"key": "subject-to", "type": "clause", "offset": [593, 603]}], "snippet": "If and whenever the rights to subscribe for, purchase or otherwise acquire Common Shares pursuant to the terms of any Securities Rights or Share-Related Securities are amended (other than in accordance with their terms of issue (including terms as to adjustment of such rights)) so that following such amendment the Consideration per Common Share is (1) reduced and (2) less than 100%, of the Current Market Price of the Common Shares on the Exchange Business Day immediately preceding the date of the first public announcement of the proposals for such amendment, the Exercise Price shall be subject to adjustment in accordance with this Section 12(h).", "hash": "4ea2aa85c9220979158e779395a9bba7", "id": 8}, {"samples": [{"hash": "hVsPlCsqBgd", "uri": "/contracts/hVsPlCsqBgd#adjustment-event", "label": "Warrant Agreement (Glencore International PLC)", "score": 22.9274463654, "published": true}, {"hash": "hEu2dm8JFKx", "uri": "/contracts/hEu2dm8JFKx#adjustment-event", "label": "Warrant Agreement (Glencore Holding Ag)", "score": 21.0, "published": true}, {"hash": "fvZ2jhSnltp", "uri": "/contracts/fvZ2jhSnltp#adjustment-event", "label": "Warrant Agreement (Polymet Mining Corp)", "score": 21.0, "published": true}], "size": 8, "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [16, 33]}, {"key": "related-securities", "type": "definition", "offset": [88, 106]}, {"key": "securities-rights-in-respect-of-common-shares", "type": "clause", "offset": [108, 153]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [218, 242]}, {"key": "of-the-shareholders", "type": "clause", "offset": [243, 262]}, {"key": "a-class", "type": "definition", "offset": [266, 273]}, {"key": "of-rights", "type": "clause", "offset": [281, 290]}, {"key": "the-exercise-price", "type": "definition", "offset": [608, 626]}, {"key": "subject-to", "type": "clause", "offset": [636, 646]}, {"key": "in-accordance-with", "type": "clause", "offset": [658, 676]}], "snippet": "If and whenever the Company shall issue any securities (other than Common Shares, Share-Related Securities, Securities Rights in respect of Common Shares or Securities Rights in respect of Share-Related Securities) to all or substantially all of the Shareholders as a class by way of rights or the Company shall issue or grant any Securities Rights in respect of any securities (other than Common Shares, Share-Related Securities, Securities Rights in respect of Common Shares or Securities Rights in respect of Share-Related Securities) or assets to all or substantially all of the Shareholders as a class, the Exercise Price shall be subject to adjustment in accordance with this Section 12(e).", "hash": "1141d4b14e654d3e701a9278cf418ad8", "id": 9}, {"samples": [{"hash": "8pwnxGfuZhx", "uri": "/contracts/8pwnxGfuZhx#adjustment-event", "label": "Joint Venture Agreement (Albemarle Corp)", "score": 28.1553726196, "published": true}], "size": 8, "snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [30, 43]}, {"key": "a-supplier", "type": "definition", "offset": [61, 71]}, {"key": "in-connection-with", "type": "clause", "offset": [81, 99]}, {"key": "this-agreement", "type": "clause", "offset": [100, 114]}, {"key": "under-clause", "type": "clause", "offset": [143, 155]}, {"key": "the-adjustment", "type": "clause", "offset": [207, 221]}, {"key": "by-the-recipient", "type": "clause", "offset": [255, 271]}, {"key": "to-the-supplier", "type": "clause", "offset": [272, 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"children": [["", ""], ["further-assurances", "Further assurances"], ["adjustment-event", "Adjustment Event"], ["backup-requirements", "Backup Requirements"], ["pre-existing-rights", "Pre-Existing Rights"]], "id": "adjustment-event", "related": [["adjustment-events", "Adjustment Events", "<strong>Adjustment Events</strong>"], ["notice-of-adjustment-event", "Notice of Adjustment Event", "Notice of <strong>Adjustment Event</strong>"], ["announcement-event", "Announcement Event", "Announcement Event"], ["subsequent-events", "Subsequent Events", "Subsequent Events"], ["adjustment-factor", "Adjustment Factor", "Adjustment Factor"]], "related_snippets": [], "updated": "2026-06-24T04:23:54+00:00", "also_ask": ["What triggers should be included to define an 'Adjustment Event' clearly and avoid ambiguity?", "How can the clause be drafted to minimize the risk of opportunistic or bad-faith invocation?", "What are the most common negotiation points or pushbacks regarding Adjustment Event provisions?", "How do courts typically interpret and enforce Adjustment Event clauses in similar contracts?", "How does this clause compare to market-standard adjustment mechanisms in similar agreements?"], "drafting_tip": "Specify triggering events, outline adjustment mechanisms, and set notification requirements to ensure clarity, prevent disputes, and facilitate timely responses.", "explanation": "An Adjustment Event clause defines the circumstances under which changes to the terms of an agreement may be made due to significant external events or changes affecting the subject matter. For example, this clause may apply if there is a merger, acquisition, stock split, or other corporate action that impacts the value or structure of the underlying assets or obligations. Its core practical function is to ensure that the contract remains fair and workable by allowing the parties to modify terms in response to unforeseen changes, thereby allocating risk and maintaining the intended balance of the agreement."}, "json": true, "cursor": ""}}