Adjustment to the Exercise Price. The Company has the right, in its sole and absolute discretion, to reduce the Exercise Price. Upon any such determination, the Company shall notice to the Warrantholder thereof.
Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market Price; and
Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration would purchase at such Current Market Price; and C = (1) in the case of an issue of Common Shares, the number of Common Shares issued; or (2) in the case of an issue or grant of Securities Rights, the maximum number of Common Shares which could be issued upon exercise in full of the rights to subscribe for, purchase or otherwise acquire Common Shares and, if applicable, Share-Related Securities pursuant to the terms of such Securities Rights and, if applicable, Share-Related Securities at the initial price or rate.
Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A where;
Adjustment to the Exercise Price. (A) Subject to the limitation set forth in Section 3(b)(C) below, in the event that the Company’s 2017 EBITDA is less than $22 million, the aggregate Exercise Price for the Warrant Shares shall be adjusted by deducting an amount derived from the following formula (“EBITDA Adjustment Amount”): EBITDA Adjustment Amount = $27.5 million – (2017 EBITDA X 1.25)
Adjustment to the Exercise Price. If and whenever the Company shall distribute any Dividend to the Shareholders, where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in force immediately prior to the Effective Date by the following fraction: A – B A where:
Adjustment to the Exercise Price. If and whenever the Company shall distribute any Dividend to the Shareholders, where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in force immediately prior to the Effective Date by the following fraction: A – B A where: A = the Current Market Price of one Common Share (expressed in U.S. dollars) on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of such Dividend; and B = the Fair Market Value on the date of such announcement of the portion of the Dividend attributable to one Common Share.
Adjustment to the Exercise Price. TVG and Youbet acknowledge and agree that as a result of the Xxxx-Xxxxxxx Transaction and the Other Shares, and in accordance with Section 7 of the TVG Warrant, the Exercise Price of the TVG Warrant shall be reduced to $36,500,000. TVG and Youbet further acknowledge and agree that such reduction in the Exercise Price of the TVG Warrant as a result of the Xxxx-Xxxxxxx Transaction and the Other Shares shall not limit in any manner the application of Section 7 of the TVG Warrant to any other issuance of securities or other transactions to which Section 7 would otherwise apply, including any issuance or transaction occurring prior to, on, or after the date hereof.
Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration would purchase at such Current Market Price; and C = the maximum number of Common Shares which could be issued upon exercise in full of the rights to subscribe for, purchase or otherwise acquire Common Shares pursuant to the terms of such Share-Related Securities at the initial price or rate.
Adjustment to the Exercise Price. In addition to adjustments in the Exercise Price made pursuant to Section 13(b) of the Subscription Agreement, if the Company shall, subsequent to May 15, 2005, (A) pay a dividend or make a distribution on its shares of Common Stock in shares of Common Stock, (B) subdivide or reclassify its outstanding Common Stock into a greater number of shares or otherwise effect a stock split or stock distribution, or (C) combine or reclassify its outstanding Common Stock into a smaller number of shares or otherwise effect a reverse split, the Exercise Price in effect at the time of the record date for such dividend or distribution or of the effective date of such subdivision or other combination or reclassification shall be proportionately adjusted upward or downward, as the case may be in accordance with generally accepted accounting principles and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted. Such adjustment shall be made successively whenever any event listed in this Section 6. The Exercise Price and the number of shares issuable upon exercise of this Warrant shall also be subject to adjustment in the manner and to the extent provided in the Subscription Agreement.
