Common use of Exercise Price Adjusted Clause in Contracts

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more.

Appears in 15 contracts

Sources: Warrant Agreement (Us Microbics Inc), Warrant Agreement (Cyber Care Inc), Warrant Agreement (Virtra Systems Inc)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b), (c) or (cd) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsectionthis Warrant. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 0.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 0.01 or more.

Appears in 14 contracts

Sources: Warrant Agreement (Greenland Corp), Warrant Agreement (Valesc Inc), Investment Agreement (Dimensional Visions Inc/ De)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (cd) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsectionthis Warrant. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 0.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 0.01 or more.

Appears in 4 contracts

Sources: Investment Agreement (Tri Valley Corp), Warrant Agreement (Tri Valley Corp), Warrant Agreement (Patriot Scientific Corp)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more. No adjustment made pursuant to any provision of this Section 5 shall have the net effect of increasing the Exercise Price. The number of Common Equivalents subject hereto shall increase proportionately with each decrease in the Exercise Price.

Appears in 3 contracts

Sources: Warrant Agreement (Medcare Technologies Inc), Warrant Agreement (Medcare Technologies Inc), Warrant Agreement (Medcare Technologies Inc)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 0.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 0.01 or more.

Appears in 3 contracts

Sources: Warrant Agreement (Itronics Inc), Warrant Agreement (Itronics Inc), Warrant Agreement (Adatom Com Inc)

Exercise Price Adjusted. As used in this Warrant, the term "β€œExercise Price" ” shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 55 or otherwise set forth in this Warrant, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 0.001 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 0.001 or more.

Appears in 2 contracts

Sources: Series C Preferred Stock and Warrant Purchase Agreement (VirtualScopics, Inc.), Warrant Agreement (VirtualScopics, Inc.)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more. The number of shares of Common Stock subject hereto shall increase proportionately with each decrease in the Exercise Price, and decrease proportionately with each increase in the Exercise Price.

Appears in 1 contract

Sources: Warrant Agreement (Intercell Corp)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (ba),(b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more.

Appears in 1 contract

Sources: Warrant Agreement (Solutionsamerica Inc)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, as it may be reset from time to time, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, 5 and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more.

Appears in 1 contract

Sources: Subscription Agreement (Viragen Inc)

Exercise Price Adjusted. As used in this Warrant, the term "Exercise Price" shall mean the purchase price puce per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 .O1 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 .O1 or more.

Appears in 1 contract

Sources: Warrant Agreement (Integral Technologies Inc /Cn/)