Adjustment of Number of Shares and Exercise Price. The subscription rights in effect under the Warrants for Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:
Adjustment of Number of Shares and Exercise Price. The number of shares of Common Stock underlying the Warrant and the Exercise Price shall be subject to adjustment from time to time as follows in each applicable instance. With respect to any determination of adjustments to the number of shares of Common Stock or the Exercise Price which may be required by this Section 3, the Company's board of directors shall make a good faith determination regarding any adjustment; provided that the holders holding a majority of the Warrant (the "Required Holders") shall be entitled to notify the Company in accordance with Section 15 herein of their disagreement with the board of directors' determination (other than the determination of Fair Value (as defined in Section 3(c) below), which shall be determined exclusively in accordance with the provisions of Section 3(c)) of the adjustment within fifteen (15) days following receipt of the writing setting forth any such adjustment. If the Company and the Required Holders cannot resolve such disagreement within ten (10) days of the Company's receipt of the Required Holders' notice of disagreement, such adjustment shall be determined by an independent accounting or investment banking firm of recognized national standing selected by the Company and reasonably acceptable to the Required Holders. The determination of such accounting or investment banking firm so made shall be conclusive and binding on the Company and the Holders. The Company shall pay all expenses of such accounting or investment banking firm if the determination of such adjustment is five percent (5%) or more greater than (i.e., more favorable to the Required Holders than) the determination previously made by the board of directors; otherwise the Required Holders shall pay all such expenses.
Adjustment of Number of Shares and Exercise Price. The number of shares of Common Stock underlying the Warrant and the Exercise Price shall be subject to adjustment from time to time as follows in each applicable instance. With respect to any determination of adjustments to the number of shares of Common Stock or the Exercise Price which may be required by this Section 3, the Company's board of directors shall make a good faith determination regarding any adjustment.
Adjustment of Number of Shares and Exercise Price. The number of shares of Warrant Stock issuable upon exercise of this Warrant and the Exercise Price are subject to adjustment as follows:
Adjustment of Number of Shares and Exercise Price. Section 4.1 Adjustment of Number of Shares and Exercise Price. 25 Section 4.2 Entitlement to Shares on Exercise of Warrant 30 Section 4.3 No Adjustment for Certain Transactions 30 Section 4.4 Determination by Independent Firm 30 Section 4.5 Proceedings Prior to any Action Requiring Adjustment 30 Section 4.6 Certificate of Adjustment. 31 Section 4.7 Notice of Special Matters 31 Section 4.8 No Action after Notice 31 Section 4.9 Other Action. 31 Section 4.10 Protection of Warrant Agent 32 Section 4.11 Participation by Warrantholder 32
Adjustment of Number of Shares and Exercise Price. If any of the following events shall occur at any time or from time to time prior to the exercise in full or expiration of the Option, the following adjustments shall be made in the number of Shares subject to the Option and to the Exercise Price.
Adjustment of Number of Shares and Exercise Price. In order ------------------------------------------------- to prevent dilution or avoidance of the rights granted under this Warrant, the Exercise Price shall be subject to adjustment from time to time as provided in this Section 3, and the number of Warrant Shares obtainable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 3.
Adjustment of Number of Shares and Exercise Price. The number and kind of securities purchasable upon the exercise of the Warrants and the Exercise Price shall be subject to adjustment from time to time upon the happening of certain events, as follows:
Adjustment of Number of Shares and Exercise Price. In case the Company shall at any time subdivide or combine its outstanding shares of capital stack of the Company into a greater or lesser number of shares by stock split, stock divided, reverse stock split or otherwise, the number of Warrant Shares and the Exercise Price shall be proportionately adjusted to take into account the effect of such subdivision; or combination. In the case of any reclassification or change of the Stock issuable upon exercise of this Warrant, the Company shall execute a new Warrant providing that the Holder of this Warrant shall have the right to exercise such new Warrant and upon such exercise to receive, in lieu of each share of Stock theretofore issuable upon exercise of this Warrant, the number and kind of shares of stock, other securities, money or property receivable upon such reclassification or change in respect of one share of the Stock. Such new Warrant shall provide for further adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section (e).
Adjustment of Number of Shares and Exercise Price. In case the Company shall at any time subdivide or combine its outstanding shares of Stock into a greater or lesser number of shares by stock split, stock dividend, reverse stock split or otherwise, the number of Warrant Shares and the Exercise Price, shall be proportionately adjusted to take into account the effect of such subdivisions or combination. In the case of any reclassification or change of the Stock issuable upon exercise of this Warrant, the Company shall execute a new warrant providing that the Holder of this Warrant shall have the night to exercise such new warrant and upon such exercise to receive, in lieu of each share of Stock theretofore issuable upon exercise of this Warrant, the number and kind of shares of stock, other securities, money or property receivable upon such reclassification or change in respect of one share of the Stock. Such new warrant shall provide for further adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section (e).
