Adjusted Exercise Price. The adjusted Exercise Price shall be the price which shall result from time to time from any and all adjustments of the Initial Exercise Price in accordance with the provisions of Article 7 hereof.
Adjusted Exercise Price. The number of shares of the Common Stock which the holder of this Warrant shall be entitled to receive upon the exercise hereof shall be determined by multiplying the number of shares of the Common Stock which, but for the provisions of this Section 3, would otherwise be issuable upon such exercise, as designated by the holder hereof pursuant to Section 2.1, by the fraction of which the numerator is the per share Purchase Price and the denominator is the per share Adjusted Exercise Price (as herein defined) in effect on the date of such exercise. 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).
Adjusted Exercise Price. Except as hereinafter provided, in case the Company shall at any time after the date hereof issue or sell any shares of Common Stock (other than the issuances or sales referred to in Section 3.1 (F) hereof), including shares held in the Company's treasury, for a consideration per share less than the Exercise Price in effect immediately prior to the issuance or sale of such shares, or without consideration, then forthwith upon such issuance or sale, the Exercise Price shall (until another issuance or sale) be reduced to the price (calculated to the nearest full cent) equal to the quotient derived by dividing (i) an amount equal to the sum of (a) the total number of shares of Common Stock outstanding immediately prior to the issuance or sale of such shares, multiplied by the Exercise Price in effect immediately prior to such issuance or sale, and (b) the aggregate of the amount of all consideration, if any, received by the Company upon such issuance or sale, by (ii) the total number of shares of Common Stock outstanding immediately after such issuance or sale; provided, however, that in no event shall the Exercise Price be adjusted pursuant to this computation to an amount in excess of the Exercise Price in effect immediately prior to such computation, except in the case of a combination of outstanding shares of Common Stock, as provided by Section 3.1(E) hereof.
Adjusted Exercise Price. If on the date that is nine (9) months immediately following the Issuance Date (or if such date is not a Business Day, the Business Day immediately following such date) (the "Adjustment Date"), the Exercise Price then in effect exceeds the Adjusted Exercise Price, the Exercise Price hereunder shall be reset to the Adjusted Exercise Price (defined below) as of such Adjustment Date. In no event shall the Exercise Price be increased pursuant to provisions of this Section 3(b). For the avoidance of doubt, the adjustment of the Exercise Price contemplated by this Section 3(b) is intended to decrease the Exercise Price, but makes no change to the number of Warrant Shares issuable hereunder.
Adjusted Exercise Price. 19 Section 9.3
Adjusted Exercise Price. Adjusted Exercise Price" has the ----------------------- meaning set forth in Section 3.4(c) of the Merger Agreement.
Adjusted Exercise Price. Except as otherwise provided in Section 8 hereof, the exercise price for the Warrants shall be $1.05 per share of Common Stock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 8 hereof. Any transfer of a Warrant shall constitute an automatic transfer and assignment of the registration rights set forth in Section 7 hereof with respect to the Securities or other securities, properties or rights underlying the Warrants.
