Common use of Adjustment to the Exercise Price Clause in Contracts

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market Price; and

Appears in 4 contracts

Samples: Debt Assignment Agreement (Glencore Holding Ag), Debt Assignment Agreement (Polymet Mining Corp), Security Agreement (Polymet Mining Corp)

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Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market Price; and

Appears in 3 contracts

Samples: Debt Assignment Agreement (Polymet Mining Corp), Security Agreement (Polymet Mining Corp), Polymet Mining Corp

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + – B A + C where: A = the number or Current Market Price of one Common Shares in issue Share on the Exchange Business Day immediately preceding the date of the first public announcement of such announcementoffer; and B = the number Fair Market Value on the date of Common Shares which the Aggregate Consideration (calculated taking account such announcement of the amended rights) would purchase at such Current Market Price; andportion of the relevant offer attributable to one Common Share.

Appears in 3 contracts

Samples: Debt Assignment Agreement (Glencore International PLC), Debt Assignment Agreement (Glencore Holding Ag), Glencore Holding Ag

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or of Common Shares in issue on immediately before the Exchange Business Day immediately preceding the date issue of such announcementCommon Shares; and B = the number of Common Shares which in issue immediately after the Aggregate Consideration (calculated taking account issue of the amended rights) would purchase at such Current Market Price; andCommon Shares.

Appears in 2 contracts

Samples: Debt Assignment Agreement (Glencore Holding Ag), Glencore Holding Ag

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or of Common Shares in issue on immediately before the Exchange Business Day immediately preceding the date issue of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market PriceShares; and

Appears in 2 contracts

Samples: Security Agreement (Polymet Mining Corp), Polymet Mining Corp

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + – B A + C where: A = the number or Current Market Price of one Common Shares in issue Share on the Exchange Business Day immediately preceding the date of the first public announcement of the terms of such announcementissue or grant; and B = the number Fair Market Value on the date of Common Shares which the Aggregate Consideration (calculated taking account such announcement of the amended rights) would purchase at such Current Market Price; andportion of the rights attributable to one Common Share.

Appears in 2 contracts

Samples: Debt Assignment Agreement (Glencore Holding Ag), Glencore Holding Ag

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market Price; and

Appears in 2 contracts

Samples: Debt Assignment Agreement (Glencore International PLC), Glencore Holding Ag

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Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: ; A = the number or of Common Shares in issue on the Exchange Business Day immediately preceding the date of before such announcementalteration; and B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at in issue immediately after such Current Market Price; andalteration.

Appears in 2 contracts

Samples: Debt Assignment Agreement (Glencore Holding Ag), Glencore Holding Ag

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or of Common Shares in issue on the Exchange Business Day immediately preceding the date of before such announcementalteration; and B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at in issue immediately after such Current Market Price; andalteration.

Appears in 1 contract

Samples: Debt Assignment Agreement (Glencore International PLC)

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + - B A + C where: A = the number or Current Market Price of one Common Shares in issue Share on the Exchange Business Day immediately preceding the date of the first public announcement of such announcementoffer; and B = the number Fair Market Value on the date of Common Shares which the Aggregate Consideration (calculated taking account such announcement of the amended rights) would purchase at such Current Market Price; andportion of the relevant offer attributable to one Common Share.

Appears in 1 contract

Samples: Security Agreement (Polymet Mining Corp)

Adjustment to the Exercise Price. Where the Exercise Date in respect of the relevant part (if applicable) of the Warrant has not occurred prior to the Effective Date, the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the Effective Date by the following fraction: A + B A + C where: A = the number or of Common Shares in issue on the Exchange Business Day immediately preceding the date of such announcement; B = the number of Common Shares which the Aggregate Consideration (calculated taking account of the amended rights) would purchase at such Current Market Price; and

Appears in 1 contract

Samples: Debt Assignment Agreement (Glencore International PLC)

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