Reduced Exercise Price Sample Clauses

Reduced Exercise Price. On the Outside Date, in the event that ---------------------- the Company shall not have obtained the approval of its stockholders of the conversion of the Series B Preferred Stock to Series A Preferred Stock, the Exercise Price herein shall be reduced to $0.01.
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Reduced Exercise Price. In the event that the Company shall not ---------------------- have obtained the approval of its stockholders of the conversion of the Series 2-B Warrants into Series 2-A Warrants (the "Series 2-B-to-2-A Conversion"), on ---------------------------- or prior to the Outside Date the Exercise Price herein shall be reduced to $0.01.
Sample 1Sample 2
Reduced Exercise Price. Notwithstanding anything to the contrary contained in the Sherleigh Warrants and the Preferred Stock, upon issuance of the New Warrants or the Note or the reduction of the exercise price of the Xxxxx Option, the exercise price of the Sherleigh Warrants and the conversion price of the Preferred Stock shall be reduced from $1.00 to $.12 per share.
Sample 1
Reduced Exercise Price. The Original Exercise Price of any unexercised Warrants shall be reduced to $0.50 in accordance with this Section 2(c) (“Reduced Exercise Price”). The number of Warrants that may be exercised at the Reduced Exercise Price shall be 80.58% of the total number of Warrants granted hereunder. Of this amount, the number of unexercised Warrants that may be exercised at the Reduced Exercise Price at any time shall be in direct proportion to the aggregate principal amount of the Third Amended and Restated Senior Secured Notes due April 1, 2007 (the “Senior Notes”) that is repaid (whether as a prepayment, in whole or in part, or in whole at maturity) or exchanged for Ordinary Shares (in whole or in part)), from time to time, after the date of this Second Amended and Restated Warrant Agreement (other than the repayment of an aggregate principal amount of $1,600,000 provided for by Section 2(b) of that certain Third Amendment to the Securities Purchase Agreement dated as of September 30, 2004). Specifically, the number of Warrants that may be exercised at the Reduced Exercise Price, from time to time, until the Expiration Date shall be equal to: (i) 80.58% of the total number of Warrants granted hereunder, multiplied by (ii) a fraction, (A) the numerator of which is the aggregate principal amount of the Senior Notes that has been repaid (through prepayments or payment at maturity) or exchanged for Ordinary Shares through the date of determination and (B) the denominator of which shall be 3,288,570, (iii) less the number of Warrants that have previously been exercised at the Reduced Exercise Price. Notwithstanding the foregoing, all then remaining Warrants (up to the 80.58% limit) shall become exercisable at the Reduced Exercise Price immediately prior to the closing of any transaction in which either: (A) all of the then outstanding Ordinary Shares of the Company or (B) all, or substantially all, of the assets of the Company are acquired by a third party (including by way of merger, consolidation, business combination, share exchange, joint venture or any similar transaction. It is agreed and understood that for purposes of this Section 2(c) the term “third party” shall not mean or include (i) any subsidiary of the Company or (ii) any parent holding company established by the Company for the purpose of effecting a reincorporation transaction. The Reduced Exercise Price shall be subject to adjustment in accordance with the provisions of Sections 5 and 6 hereof.
Sample 1
Reduced Exercise Price. Notwithstanding anything to the contrary contained in the Xxxxx Warrants, upon issuance of the New Warrants and the Note, the exercise price of the Xxxxx Warrants shall be reduced from $1.00 to $.12 per share and the number of Xxxxx Warrant Shares shall be increased from 333,333 to 2,033,333;
Sample 1
Reduced Exercise Price. On the Outside Date, in the event that the HSR Approval or the Stockholders Approval shall not have been obtained, the Exercise Price shall be reduced to an amount equal to 50% of the Exercise Price in effect immediately prior to the Outside Date.
Sample 1

Related to Reduced Exercise Price

  • Exercise Price The exercise price per share of the Common Stock under this Warrant shall be $1.00, subject to adjustment hereunder (the “Exercise Price”).

  • Payment of Exercise Price In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the Company in accordance with the terms of the Warrant.

  • Adjustment to Exercise Price Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

  • Adjustment of Exercise Price (a) The Exercise Price and the number of shares deliverable upon the exercise of the Warrants will be subject to adjustment in the event and in the manner following:

  • Exercise Price Adjusted As used in this Warrant, the term "Exercise Price" shall mean the purchase price per share specified in Section 3 of this Warrant, until the occurrence of an event stated in subsection (a), (b) or (c) of this Section 5, and thereafter shall mean said price as adjusted from time to time in accordance with the provisions of said subsection. No such adjustment under this Section 5 shall be made unless such adjustment would change the Exercise Price at the time by $.01 or more; provided, however, that all adjustments not so made shall be deferred and made when the aggregate thereof would change the Exercise Price at the time by $.01 or more. No adjustment made pursuant to any provision of this Section 5 shall have the net effect of increasing the Exercise Price in relation to the split adjusted and distribution adjusted price of the Common Stock. The number of shares of Common Stock subject hereto shall increase proportionately with each decrease in the Exercise Price.

  • Warrant Exercise Price f. Dates upon which Warrants may be exercised;

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Option Exercise Price The per share price to be paid by Optionee in the event of an exercise of the Option will be $ .

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • Adjustments in Exercise Price Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in Section 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

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