Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Warrant Shares issuable upon exercise of the Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows:
Adjustment of the Exercise Price. If the Company subdivides its outstanding Shares into a greater number of Shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced. Conversely, if the Company combines its outstanding Shares into a lesser number of Shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased. In case of a subdivision or combination, the adjustment of the Exercise Price shall be made as of the event. A distribution of shares of Common Stock, including a distribution of Convertible Securities, to stockholders of the Company on a pro rata basis shall be considered as a subdivision of outstanding Shares for the purposes of this subsection, except that the adjustment will be made as of the record date of such distribution and any such distribution of Convertible Securities shall be deemed to be a distribution of the Shares underlying such Convertible Securities.
Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Warrant Shares issuable upon exercise of the Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows; provided, however, that nothing contained in this Section 6 shall be construed to require such adjustment to the exercise price of this Warrant for the payment of any placement agent, in Capital Stock or otherwise, in consideration of the transactions contemplated by the Agreement:
Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Guarantor Warrant Shares issuable upon exercise of the Guarantor Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows:
Adjustment of the Exercise Price. (1) (a) The Exercise Price shall be adjusted in accordance with the following formula if the events set out in 4(2)(a)-(d) below occur after the Warrants are issued: Number Number of of new Amount to issued and shares be paid per Adjusted Pre-adjusted outstanding to be [new] Exercise = Exercise Price X shares + issued X share Price ------------------------- Current market price per share -------------------------------------------- Number of issued + Number of new and outstanding shares to be issued shares
Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Early Put Warrant Shares issuable upon exercise of the Early Put Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows:
Adjustment of the Exercise Price. The purchase price of a share under option post-adjustment will be equal to: purchase price of a share under option prior to adjustment x (1 − Amount of the Distribution in Kind per Christian Dior share ) Value of the Christian Dior share prior to the Distribution in Kind For the purposes of the adjustment, the Board of Directors will use: - for the “Amount of the Distribution in Kind per Christian Dior share”, one twenty-third (on the basis of the envisioned ratio) of the opening price of the Hermès share recorded on Euronext Paris on the payment date of the Distribution in Kind, i.e., December 17, 2014; and - for the “Value of the Christian Dior share prior to the Distribution in Kind” the arithmetical average of the volume weighted averages of the Christian Dior share price recorded on Euronext Paris during the three (3) trading days preceding the first day on which the Christian Dior shares are listed ex-Distribution in Kind, i.e., December 17, 2014.
Adjustment of the Exercise Price. The Company shall notify the holders of Warrants, in the same manner as provided in the first paragraph of Section 7.5, of its election to adjust the number of Warrants, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Exercise Price is adjusted or any day thereafter. Upon each adjustment of the number of Warrants pursuant to this paragraph (g) the Company shall, as promptly as practicable, cause to be distributed to holders of record of Warrants on such record date Warrant Certificates evidencing, subject to paragraph (h), the additional Warrants to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Warrant Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Warrant Certificates evidencing all the Warrants to be issued, executed and registered in the manner specified in Section 1 (and which may bear, at the option of the Company, the adjusted Exercise Price) and shall be registered in the names of the holders of record of Warrant Certificates on the record date specified in the notice.
Adjustment of the Exercise Price. 1. In case Frontline Ltd. shall (i) declare a dividend or make a distribution on its outstanding Ordinary Shares in additional shares, (ii) subdivide or reclassify its outstanding Ordinary Shares into a greater number of shares, or (iii) combine or reclassify its outstanding Ordinary Shares into a smaller number of shares, the Exercise Price in effect immediately after the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted so that it shall equal the price determined by multiplying the Exercise Price in effect immediately prior thereto by a fraction, the numerator of which shall be the number of Ordinary Shares outstanding immediately before such dividend, distribution, subdivision, combination or reclassification, and the denominator of which shall be the number of Ordinary Shares outstanding immediately after such dividend, distribution, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event specified above shall occur.
Adjustment of the Exercise Price. In the event that at any time or from time to time after the Original Issue Date the Company shall issue Additional Shares of Common Shares (including, without limitation, Additional Shares of Common Shares deemed to be issued pursuant to Subsection 4(A)(iii), but excluding shares issued upon a stock subdivision or combination as provided in Subsection 4(B)), without consideration or for a consideration per share less than the applicable Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such Exercise Price shall be reduced concurrently with such issue, to a price (calculated to the nearest cent) determined in accordance with the following formula:
