Common use of Purchase Price Increase Clause in Contracts

Purchase Price Increase. Section 7(b) of the Agreement is hereby amended in its entirety to read as follows: (b) The Purchase Price for each one one-hundreth of a share of Preferred Stock issued pursuant to the exercise of a Right shall initially be $725.00, shall be subject to adjustment from time to time as provided in Sections 11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below."