Reduction in Exercise Price. (a) The Company’s Board of Directors may, at its sole discretion, reduce the Exercise Price of the Warrants in effect at any time either for the life of the Warrants or any shorter period of time determined by the Company’s Board of Directors. The Company shall promptly notify the Registered Holders of any such reduction in the Exercise Price.
Appears in 3 contracts
Samples: Waiver and Consent (Canargo Energy Corp), Note and Warrant Purchase Agreement (Canargo Energy Corp), Conversion Agreement (Canargo Energy Corp)
Reduction in Exercise Price. (a) The at Company’s 's Option. In addition to any adjustments made to the Exercise Price pursuant to Section 8, the Company's Board of Directors may, at its sole discretion, reduce the Exercise Price of the Warrants in effect at any time either for the life of the Warrants or any shorter period of time determined by the Company’s 's Board of Directors. The Company shall promptly notify the Warrant Agent and the Registered Holders of any such reduction reductions in the Exercise Price.
Appears in 2 contracts
Samples: Warrant Agreement (Western Country Clubs Inc), Warrant Agreement (Western Country Clubs Inc)
