Equitably Adjusted definition
Equitably Adjusted or “Equitable Adjustment” means, with respect to a particular event necessitating an adjustment in the Contract where an Equitable Adjustment is provided for, a reasonable good faith adjustment to the terms of this Contract, including price, schedules, payment schedules, delivery dates, and termination liability to the extent related to the Work caused by such particular event. The adjustments shall either be agreed to by the Parties in accordance with the terms of this Contract (including the incorporation in a Contract Amendment in accordance with Article 37.5) or as determined in accordance with Article 25. [*]
Equitably Adjusted means that an equitable adjustment will be made whenever there shall occur a stock dividend, stock split, combination, reorganization, recapitalization, reclassification or other similar event involving a change in the capital structure of the Company.
Equitably Adjusted means an adjustment to Gross Margin, Net Sales and/or the Contingent Price which may be agreed between Seller and Purchaser as required under the circumstances.
Examples of Equitably Adjusted in a sentence
If Contractor subsequently resumes performance of the Work, this Contract shall be Equitably Adjusted.
All prices and numbers of shares referred to above will be Equitably Adjusted.
Schedule 3.16 sets forth all of the shares of Common Stock that are reserved for issuance upon exercise of outstanding stock options and warrants (in each case subject to being Equitably Adjusted).