Adjustment Price definition

Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Adjustment Price means the lowest price of the Underlying, as published by the Relevant Exchange during the Observation Period. The Observation Period (the "Observation Period") is a period of five minutes following the occurrence of the Extraordinary Adjustment Event. In case the Observation Period ends after the official close of trading for the Underlying on the Relevant Exchange, the Reference Price of the Underlying on the day of the Extraordinary Adjustment Event will be the Adjustment Price. If a Market Disruption Event occurs during the Observation Period, the Observation Period will be extended by the amount of time for which the Market Disruption Event occurred. In case the Market Disruption Event continues at the Close of Trading, the Calculation Agent will determine the Adjustment Price in its reasonable discretion (§ 315 et seq. BGB).

Adjustment Price shall be deemed to mean the average of the ten (10) lowest Per Share Market Values (which need not occur on consecutive Trading Days) during the thirty (30) Trading Days immediately preceding the date on which the Event occurred.

Examples of Adjustment Price in a sentence

• Except as otherwise provided in Section 6.4, no adjustment of the Adjustment Price shall be made upon the actual issue of such Common Stock or of such Convertible Securities upon exercise of such rights or options or upon the actual issue of such Common Stock upon conversion or exchange of such Convertible Securities.

• If and whenever the Adjustment Price shall have been adjusted, the Warrant Price shall be forthwith adjusted to the price (calculated to the nearest cent) determined by multiplying the Warrant Price as then in effect by a fraction, the numerator of which shall be the Adjustment Price as so adjusted and the denominator of which shall be the Adjustment Price as in effect immediately prior to such adjustment.

• If on the Applicable Date (as defined in the Issuance Agreement) (the “Adjustment Date”), the Conversion Price then in effect is greater than the greater of (A) the Floor Price, and (B) the Market Price then in effect (the “Adjustment Price”), on the Adjustment Date the Conversion Price shall automatically lower to the Adjustment Price.

• The Adjustment Price shall be the Warrant Price or, in the case an adjustment of such price has taken place pursuant to the provisions of this Section 6, then the Adjustment Price shall be the price as last adjusted and in effect at the date this Warrant (or any part thereof) is surrendered for exercise (such price or such price as last adjusted, if such price shall have been adjusted, being referred to herein as the "Adjustment Price").

• If the Adjustment Price shall fall more than two and a half percent (2.5%) below the Purchase Price in respect of shares of Common Stock purchased by the Investor on any Closing Date, then the Investor shall be issued Adjustment Shares equal to the difference between the number of shares purchased on the last Closing Date and the amount that would have been purchased if the Purchase Price had been the Adjustment Price.

More Definitions of Adjustment Price

Adjustment Price shall have the meaning set forth in Section 6(e)(iv).

Adjustment Price means the average of any 20 Per Share Market Values (which need not occur on consecutive Trading Days) during the 30 consecutive Trading Days preceding a Vesting Date (which may include Trading Days prior to the Effective Date).

Adjustment Price means a price equal to the greater of (i) the Floor Price or (ii) the lowest Weighted Average Price during the Initial Adjustment Period.

Adjustment Price means, as of the applicable date of determination, the lower of (i) the Exercise Price then in effect or (ii) the then current Fair Market Value (after applying a discount of 10% thereto) per share of Common Stock.

Adjustment Price means ninety percent (90%) of the lowest closing bid price of the Company's Common Stock during the Ten Trading Days prior to each Closing Date.

Adjustment Price means the greater of (x) the Floor Price and (y) 85% of the Market Price as of the Adjustment Date.

Adjustment Price means for each Vesting Date, the average of the ten (10) lowest Per Share Market Values (which need not occur on consecutive Trading Days) during the thirty (30) consecutive Trading Days immediately prior to a Vesting Date.