Adjustment to Subscription Rights Sample Clauses

Adjustment to Subscription Rights. The Exercise Number shall be subject --------------------------------- to adjustment from time to time in accordance with the following provisions:
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Adjustment to Subscription Rights. 13 - 4.1 Adjustment to Subscription Rights:................................... - 13 - 4.2 Adjustment of Purchase Price:........................................ - 17 - 4.3 Adjustment Rules:.................................................... - 18 - 4.4 Proceedings Prior to any Action Requiring Adjustment:................ - 20 - 4.5 Certificate of Adjustment:........................................... - 20 - 4.6 Notice of Special Matters:........................................... - 21 - 4.7 No Action after Notice:.............................................. - 21 - 4.8 Protection of Agent:................................................. - 21 - ARTICLE 5 EXERCISE AND CANCELLATION OF WARRANTS..................................... - 22 - 5.1 Exercise of Warrants:................................................ - 22 - 5.2 Effect of Exercise of Warrants....................................... - 23 - 5.3 Postponement of Delivery of Certificates:............................ - 24 - 5.4 Cancellation of Warrants:............................................ - 24 - 5.5 Warrants Void after Expiry Time:..................................... - 24 - 5.6 Fractions of Common Shares:.......................................... - 24 - 5.7 Subscription for Less than Entitlement:.............................. - 24 - ARTICLE 6
Sample 1
Adjustment to Subscription Rights. 13 --------------------------------- 4.1 Adjustment to Subscription Rights:............................................................ 13 --------------------------------- 4.2 Adjustment of Purchase Price:................................................................. 17 ---------------------------- 4.3 Adjustment Rules:............................................................................. 18 ---------------- 4.4 Proceedings Prior to any Action Requiring Adjustment:......................................... 19 ---------------------------------------------------- 4.5 Certificate of Adjustment:.................................................................... 20 ------------------------- 4.6 Notice of Special Matters:.................................................................... 20 ------------------------- 4.7 No Action after Notice:....................................................................... 20 ---------------------- 4.8 Protection of Agent:.......................................................................... 20 ------------------- ARTICLE 5............................................................
Sample 1
Adjustment to Subscription Rights. If at any time prior to the Exercise Date there shall be:
Sample 1

Related to Adjustment to Subscription Rights

  • Agreement to Subscribe Purchase Price (i) SELLER and BUYER are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Rule 506 under Regulation D ("Regulation D") as promulgated by the United States Securities and Exchange Commission (the "Commission") under the Securities Act; and

  • Agreement to Subscribe 1.1. Purchase and Issuance of the Private Units.

  • Exercise of Rights; Purchase Price Expiration Date of ------------------------------------------------------ Rights. ------

  • Initial Exercise Price; Exercise of Rights; Detachment of Rights (a) Subject to adjustment as herein set forth, each Right will entitle the holder thereof, after the Separation Time, to purchase, for the Exercise Price, or its U.S. Dollar Equivalent as at the Business Day immediately preceding the day of exercise of the Right, one Common Share. Notwithstanding any other provision of this Agreement, any Rights held by the Corporation or any of its Subsidiaries shall be void.

  • Exercise of Purchase Option and Closing (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

  • MECHANICS OF PURCHASE OF SHARES BY INVESTOR Subject to the satisfaction of the conditions set forth in Sections 2(E), 7 and 8, the closing of the purchase by the Investor of Shares (a "Closing") shall occur on the date which is no later than seven (7) Trading Days following the applicable Put Notice Date (each a "Closing Date"). Prior to each Closing Date, (I) the Company shall deliver to the Investor pursuant to this Agreement, certificates representing the Shares to be issued to the Investor on such date and registered in the name of the Investor; and (II) the Investor shall deliver to the Company the Purchase Price to be paid for such Shares, determined as set forth in Section 2(B). In lieu of delivering physical certificates representing the Securities and provided that the Company's transfer agent then is participating in The Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST") program, upon request of the Investor, the Company shall use all commercially reasonable efforts to cause its transfer agent to electronically transmit the Securities by crediting the account of the Investor's prime broker (as specified by the Investor within a reasonably in advance of the Investor's notice) with DTC through its Deposit Withdrawal Agent Commission ("DWAC") system. The Company understands that a delay in the issuance of Securities beyond the Closing Date could result in economic damage to the Investor. After the Effective Date, as compensation to the Investor for such loss, the Company agrees to make late payments to the Investor for late issuance of Securities (delivery of Securities after the applicable Closing Date) in accordance with the following schedule (where "No. of Days Late" is defined as the number of trading days beyond the Closing Date, with the Amounts being cumulative.): LATE PAYMENT FOR EACH NO. OF DAYS LATE $10,000 WORTH OF COMMON STOCK 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall make any payments incurred under this Section in immediately available funds upon demand by the Investor. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except that such late payments shall offset any such actual damages incurred by the Investor, and any Open Market Adjustment Amount, as set forth below.

  • Exceptions to Exercise of Redemption Right Notwithstanding the provisions of Sections 8.6.A and 8.6.B, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A if (but only as long as) the delivery of Shares to such Partner on the Specified Redemption Date (i) would be prohibited under the Declaration of Trust or (ii) would be prohibited under applicable federal or state securities laws or regulations (in each case regardless of whether the General Partner would in fact assume and satisfy the Redemption Right).

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

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