Common use of Company to Prevent Dilution Clause in Contracts

Company to Prevent Dilution. If any event or condition occurs as to which other provisions of this Section 11 are not strictly applicable or, if strictly applicable, would not fairly protect the exercise or purchase rights of this Warrant in accordance with the essential intent and principles of such provisions, or which might materially and adversely affect the exercise or purchase rights of the Warrant Holders under any provision of the Warrants, then the Company shall make an adjustment in the application of such provisions, in accordance with such essential intent and principles, so as to protect such exercise and purchase rights as aforesaid, and any adjustment necessary with respect to the Exercise Price and the number of Warrant Shares purchasable hereunder so as to preserve without dilution the rights of the holders of Warrants. In no event shall any such adjustment have the effect of increasing the Exercise Price as otherwise determined pursuant to this Section 11.