Common use of Certain Other Events Clause in Contracts

Certain Other Events. If any event occurs as to which the foregoing provisions of this Article III are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Board of Directors of the Company, fairly protect the purchase rights of the Warrants in accordance with the essential intent and principles of such provisions, then such Board shall make such adjustments in the application of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith opinion of such Board, to protect such purchase rights as aforesaid, but in no event shall any such adjustment have the effect of increasing the Exercise Price or decreasing the number of Shares subject to purchase upon exercise of this Warrant.

Appears in 5 contracts

Samples: Paradigm Medical Industries Inc, Paradigm Medical Industries Inc, Paradigm Medical Industries Inc

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Certain Other Events. If any event occurs as to which the foregoing provisions -------------------- of this Article III Section 3 are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Board of Directors of the Company, Issuer fairly protect the purchase rights of the Warrants in accordance with the essential intent and principles of such provisions, then such Board shall make such adjustments in the application applicable of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith opinion of such Board, to protect such purchase rights as aforesaid, but in no event shall any such adjustment have the effect of increasing the Exercise Price or decreasing the number of Shares shares of Common Stock subject to purchase upon exercise of this Warrantthe Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Cdnow N2k Inc)

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Certain Other Events. If any event occurs as to which the foregoing provisions of this Article III Section 4 are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Board of Directors of the Company, Issuer fairly protect the purchase rights of the Warrants in accordance with the essential intent and principles of such provisions, then such Board shall make such adjustments in the application of such provisions, in accordance with such essential intent and principles, as shall be reasonably necessary, in the good faith opinion of such Board, to protect such purchase rights as aforesaid, but in no event shall any such adjustment have the effect of increasing the Exercise Price or decreasing the number of Shares shares of Common Stock subject to purchase upon exercise of this Warrantthe Warrants.

Appears in 1 contract

Samples: Warrant Agreement (Golden Books Family Entertainment Inc)

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