Adjusted Exercise Price definition

Adjusted Exercise Price shall have the meaning specified in Section 3.2 hereof.

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Adjusted Exercise Price means the price at which a holder may purchase the securities issuable upon exercise of Rights pursuant to the terms of Section 3.1(a)(ii) which, until adjustment thereof in accordance with the terms hereof, shall be equal to the Exercise Price multiplied by a fraction in which: (i) the numerator is the number of Common Shares per Right that may be purchased pursuant to Section 3.1(a)(ii); and (ii) the denominator is the number of Common Shares per Right that could have been purchased pursuant to Section 3.1(a) in the event that there had been sufficient authorized but unissued Common Shares to permit each holder of a Right (other than an Acquiring Person or a transferee of the kind described in Section 3.1(b)(ii)) to purchase the number of Common Shares to which they would have been entitled under Section 3.1(a)(i);

Adjusted Exercise Price means, with respect to each Silvermex Warrant that is exchanged for a Replacement Warrant pursuant to Section 2.3(b), the exercise price of such Silvermex Warrant prior to the Effective Time divided by the Exchange Ratio;

Examples of Adjusted Exercise Price in a sentence

• If, at any time while this Warrant remains outstanding, the Company effectuates a stock split or reverse stock split of the Common Stock or issues a dividend on the Common Stock consisting of shares of Common Stock, the Exercise Price, Adjusted Exercise Price and any other amounts calculated as contemplated hereby shall be equitably adjusted to reflect such action.

• The per share Adjusted Exercise Price of the Common Stock shall initially be the Purchase Price (as defined in Section 1) and shall be adjusted and readjusted from time to time as provided in this Section 3 (and, as so adjusted or readjusted, shall remain in effect until a further adjustment or readjustment thereof is required by this Section 3).

• For example, if Holder receives a warrant to purchase 1,500,000 shares of Common Stock at an Exercise Price of $1.00, and the Adjusted Exercise Price is $0.50, Holder will be entitled to receive 3,000,000 shares of Common Stock.

• The amendment of your Eligible Option to increase the exercise price per share to the Adjusted Exercise Price determined for that option is not a taxable event for U.S. federal income tax purposes.

• If the Exercise Price is adjusted, the Company shall issue an individual notice to the Grantee prior to the date that the Adjusted Exercise Price is applied as specified in Clause 1 or 2 above; provided, however, that in the event of a share split as set out in Clause 1.5 above or where the Company is unable to issue an individual notice prior to the date that the Adjusted Exercise Price is applied, the Company shall issue an individual notice to the Grantee promptly after such date.

More Definitions of Adjusted Exercise Price

Adjusted Exercise Price means the Exercise Price payable per Common Share, when adjusted pursuant to this Article IV.

Adjusted Exercise Price has the meaning specified in Section 5.2 of this ----------------------- Warrant.

Adjusted Exercise Price means the least of (i) the Exercise Price, (ii) 80% of the Market Price for the applicable Exercise Date on which the Holder elects to exercise all or a part of this Warrant, subject to adjustment as provided herein and (iii) in the event of a Dilutive Issuance, 80% of the New Issuance Price.

Adjusted Exercise Price has the meaning set forth in Section 2.1(e).

Adjusted Exercise Price has the meaning set forth in Section 11(a)(2).

Adjusted Exercise Price means, with respect to each Company Option, the quotient of (A) the exercise price set forth in such Company Option, in each case as adjusted to the date of such calculation in accordance with the terms of such Company Option, divided by (B) the Exchange Ratio.

Adjusted Exercise Price means, with respect to any given Adjustment Date, the greater of (i) the Floor Price and (ii) 75% of the quotient determined by dividing (x) the sum of the VWAP of the Common Stock for each of the two (2) lowest Trading Days during the ten (10) consecutive Trading Day period (the “Adjusted Exercise Measuring Period”) ending and including the applicable Adjustment Date, divided by (y) two (2). All such determinations pursuant to clause (ii) in the preceding sentence shall be appropriately adjusted for any stock dividend, stock split, stock combination, recapitalization or other similar transaction during such Adjusted Exercise Measuring Period.