Exercise Price Adjustments. The Exercise Price shall be subject to adjustment from time to time as follows:
Exercise Price Adjustments. The Exercise Price of the Rights and the number of shares of Preferred Stock issuable upon exercise of the Rights are subject to certain adjustments from time to time in the event of a stock dividend on, or a subdivision or combination of, our Common Stock. The Exercise Price for the Rights also is subject to adjustment in the event of extraordinary distributions of cash or other property to holders of Common Stock.
Exercise Price Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 8. If, at any time while this Warrant is outstanding, the Company shall issue or cause to be issued rights or warrants to acquire or otherwise sell or distribute shares of Common Stock for a consideration per share less than the Exercise Price then, forthwith upon such issue or sale, the Exercise Price shall be reduced to the price (calculated to the nearest one hundredth of a cent) determined by multiplying the Exercise Price in effect immediately prior thereto by a fraction, the numerator of which shall be the sum of (i) the number of shares of Common Stock outstanding immediately prior to such issuance, and (ii) the number of shares of Common Stock which the aggregate consideration received (or to be received, assuming exercise or conversion in full of such rights, warrants and convertible securities) for the issuance of such additional shares of Common Stock would purchase at such Exercise Price, and the denominator of which shall be the sum of the number of shares of Common Stock outstanding immediately after the issuance of such additional shares.
Exercise Price Adjustments. The Exercise Price shall be adjusted from time to time such that in case the Company shall hereafter:
Exercise Price Adjustments. Upon the occurrence of each event requiring an adjustment in the Exercise Price, or the number of underlying shares, the Company shall give prompt written notice, see forth the computation used to arrive at the adjusted price or number of underlying shares. The computations shall be made by the Company's Chief Financial Officer or the Company's accountants. Such computations shall be conclusive and binding upon the Holder unless written objection is given to the Company, within fourteen days from the date of the Company's initial notice.
Exercise Price Adjustments. (i) Whenever the number of Warrant Shares purchasable upon the exercise of this Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.
Exercise Price Adjustments. The Exercise Price hereof shall be subject to adjustment at any time when this Warrant is issued and outstanding, in the following manner (i) the Exercise Price shall be proportionately reduced if the number of outstanding shares of Common Stock, as a class, is increased by a stock split, stock dividend, reclassification or other similar event; and (ii) the Exercise Price shall be proportionately increased if the number of outstanding shares of Common Stock, as a class, is decreased by a reverse stock split, combination or reclassification of shares, or other similar event.
Exercise Price Adjustments. The Exercise Price and the number of shares purchasable upon exercise of this Warrant shall be subject to adjustment as follows:
Exercise Price Adjustments. Upon the occurrence of each event --------------------------- requiring an adjustment in the Exercise Price, or the number of underlying shares, the Issuer shall give prompt written notice, setting forth the computation used to arrive at the adjusted price or number of underlying shares. The Issuer's Chief Financial Officer or the Issuer's accountants shall make the computations. Such computations shall be conclusive and binding upon the Holder unless written objection is given to the Issuer, within fourteen days from the date of the Issuer's initial adjustment notice.
Exercise Price Adjustments. In case at the time of any advance under the Funding Agreement dated as of March 12, 1993 (the "Funding Agreement"), the average closing price of the Common Stock in the NASDAQ National Market System on the ten (10) trading days immediately preceding such advance is less than the Exercise Price, the Exercise Price shall be reduced and be equal to such average closing price of the Common Stock on the ten (10) trading days immediately preceding such subsequent advance.
