Common use of Change in Option Price or Rate of Conversion Clause in Contracts

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case), the Warrant Price in effect at the time of such change shall be adjusted to the Warrant Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversion, exchange or exercise thereof shall be deemed to have been issued as of the date of such change.

Appears in 3 contracts

Samples: Securities Purchase Agreement (United Energy Corp /Nv/), Securities Purchase Agreement (United Energy Corp /Nv/), United Energy Corp /Nv/

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Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any OptionsOptions or Convertible Securities, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Options or Convertible Securities, or the rate at which any Options or Convertible Securities are convertible into or exchangeable or exercisable for Common Stock Share changes at any time (other than Excluded Issuances, in each caseSecurities and other than any reset of the conversion price on the Company’s Existing Bonds), the Warrant Conversion Price in effect at the time of such change shall be adjusted to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii7(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Issuance Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock Shares deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change, provided that no adjustment shall be made if such adjustment would result in an increase of the Conversion Price then in effect.

Appears in 2 contracts

Samples: Convertible Bond Exchange Agreement (ThaiLin Semiconductor Corp.), Convertible Bond Purchase Agreement (ThaiLin Semiconductor Corp.)

Change in Option Price or Rate of Conversion. If the purchase purchase, exchange or exercise price provided for in any Options, the additional consideration, if any, payable upon the issueissuance, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Options or Convertible Securities are convertible into or exchangeable or exercisable for shares of Common Stock changes at any time (other than Excluded Issuancestime, in each case), then the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which that would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase purchase, exchange or exercise price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold sold, and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii3(c)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the shares of Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Exercise Price then in effect.

Appears in 2 contracts

Samples: AIT Therapeutics, Inc., AIT Therapeutics, Inc.

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any OptionsOptions (other than Excluded Securities), the additional consideration, if any, payable upon the issue, conversion, conversion or exchange or exercise of any Convertible convertible (other than Excluded Securities), or the rate at which any Convertible Securities convertible securities (other than Excluded Securities) are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities convertible securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares Warrant Shares issuable upon exercise of Common Stock acquirable hereunder this Warrant shall be correspondingly readjusted. For purposes of this Section 9(b)(iii8(b)(iii), if the terms of any Option or Convertible Security convertible security that was outstanding as of the date of issuance of this Warrant Issuance Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security convertible security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment pursuant to this Section 8(b)(iii) shall be made if such adjustment would result in an increase of the Warrant Exercise Price then in effect.

Appears in 2 contracts

Samples: Warrant (Buckeye Ventures, Inc.), Warrant (Buckeye Ventures, Inc.)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock Shares changes at any time (other than Excluded Issuances, in each case)time, the Warrant Conversion Price in effect at the time of such change shall be adjusted to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii9(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant the shares of Series E Preferred Stock are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock Shares deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Conversion Price then in effect.

Appears in 2 contracts

Samples: Security Agreement (Stratus Media Group, Inc), Security Agreement (Stratus Media Group, Inc)

Change in Option Price or Rate of Conversion. If the purchase or exercise price ------------------------------------------------------ provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, conversion or exchange or exercise of any Convertible Securitiesconvertible securities, or the rate at which any Convertible Securities convertible securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Conversion Price in effect at the time of such change shall be adjusted to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities convertible securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder issuable upon conversion of this Debenture shall be correspondingly readjusted. For purposes of this Section 9(b)(iii5.01(b)(iii), if the terms of any Option or Convertible Security convertible security that was outstanding as of the date of issuance of this Warrant Original Issue Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security convertible security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment pursuant to this Section 5.01(b) shall be made if such adjustment would result in an increase of the Conversion Price then in effect.

Appears in 1 contract

Samples: Foothills Resources Inc

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Price in effect at the time of such change shall be adjusted to the Warrant Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversion, exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Warrant Price then in effect.

Appears in 1 contract

Samples: Hearusa Inc

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any OptionsOptions (other than Excluded Securities), the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities (other than Excluded Securities) are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)is changed, the Warrant Conversion Price in effect at the time of such change shall be adjusted to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii7(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Closing Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Conversion Price then in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Composite Technology Corp)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, conversion or exchange or exercise of any Convertible Securitiesconvertible securities, or the rate at which any Convertible Securities convertible securities are convertible into or exchangeable or exercisable for Common Stock (other than with respect to Excluded Securities) changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities convertible securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares Warrant Shares issuable upon exercise of Common Stock acquirable hereunder this Warrant shall be correspondingly readjusted. For purposes of this Section 9(b)(iii8(b)(iii), if the terms of any Option or Convertible Security convertible security that was outstanding as of the date of issuance Issuance Date of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security convertible security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment pursuant to this Section 8(b) shall be made if such adjustment would result in an increase of the Warrant Exercise Price then in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Worldgate Communications Inc)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Standard Conversion Price in effect at the time of such change shall be adjusted to the Warrant Standard Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii6(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant the Debentures are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Standard Conversion Price then in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (CSK Auto Corp)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issueissuance, conversion, conversion or exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii7(d)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change.

Appears in 1 contract

Samples: Warrant (Vistula Communications Services, Inc.)

Change in Option Price or Rate of Conversion. If the purchase purchase, exchange or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Options or Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which that would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase purchase, exchange or exercise price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii8(b)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Warrant Exercise Price then in effect.

Appears in 1 contract

Samples: Registration Rights Agreement (Infinity Energy Resources, Inc)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for shares of Common Stock changes increases or decreases at any time (other than Excluded Issuances, in each case)time, the Warrant Exchange Price in effect at the time of such change increase or decrease shall be adjusted to the Warrant Exchange Price which that would have been in effect at such time had such Options or Convertible Securities provided for such changed increased or decreased purchase price, additional consideration or changed increased or decreased conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii7(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Subscription Date are changed increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the shares of Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such changeincrease or decrease. No adjustment pursuant to this Section 7(a) shall be made if such adjustment would result in an increase of the Exchange Price then in effect.

Appears in 1 contract

Samples: Note Purchase Agreement (Tuesday Morning Corp/De)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock Shares changes at any time (other than Excluded Issuances, in each case)time, the Warrant Conversion Price in effect at the time of such change shall be re-adjusted (but to no greater extent than originally adjusted) to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii7(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Subscription Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock Shares deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Conversion Price then in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vasogen Inc)

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Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issueissuance, conversion, conversion or exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii8(d)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change.

Appears in 1 contract

Samples: Warrant (Vistula Communications Services, Inc.)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Conversion Price in effect at the time of such change shall be adjusted to the Warrant Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii7(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Issuance Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Conversion Price then in effect to a Conversion Price greater than the Conversion Price in effect on the Issuance Date (subject to appropriate adjustments for stock splits, stock dividends, stock combinations and other similar transactions after the Issuance Date).

Appears in 1 contract

Samples: Securities Purchase Agreement (Telecommunication Systems Inc /Fa/)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exercise or exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exercisable or exchangeable or exercisable for Common Stock changes increases or decreases at any time (other than Excluded Issuancestime, in each case), then the Warrant Price in effect at the time of such change adjustment required by this Section 11 shall be adjusted to the Warrant Price which would have been in effect recalculated at such time had as if such Options or Convertible Securities provided for such changed increased or decreased purchase price, additional consideration or changed increased or decreased conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii11(c), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Effective Date are changed increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such changeincrease or decrease. No adjustment pursuant to this Section 11 shall be made if such adjustment would result in a lower number of shares of Common Stock being issued to the Subscriber than previously calculated pursuant to this Section 11.

Appears in 1 contract

Samples: Subscription Agreement (Northern Oil & Gas, Inc.)

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issueissuance, conversion, conversion or exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Price in effect at the time of such change shall be adjusted to the Warrant Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjusted. For purposes of this Section 9(b)(iii4.6(c), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change.

Appears in 1 contract

Samples: Neuro-Hitech, Inc.

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any OptionsOptions (other than Excluded Securities), the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities (other than Excluded Securities) are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)is changed, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii)3.2.3, if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Closing Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Exercise Price then in effect.

Appears in 1 contract

Samples: Brainstorm Cell Therapeutics Inc

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any OptionsOptions (other than Excluded Securities), the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities (other than Excluded Securities) are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)is changed, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii2(b)(3), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Closing Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Exercise Price then in effect.

Appears in 1 contract

Samples: Lightning Gaming, Inc.

Change in Option Price or Rate of Conversion. If the purchase or -------------------------------------------- exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Exercise Price in effect at the time of such change shall be adjusted to the Warrant Exercise Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii8(a)(iii), if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant the Notes are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change. No adjustment shall be made if such adjustment would result in an increase of the Exercise Price then in effect.

Appears in 1 contract

Samples: Britesmile Inc

Change in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exchange or exercise of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exchangeable or exercisable for Common Stock changes at any time (other than Excluded Issuances, in each case)time, the Warrant Floor Price in effect at the time of such change shall be adjusted to the Warrant Floor Price which would have been in effect at such time had such Options or Convertible Securities provided for such changed purchase price, additional consideration or changed conversion rate, as the case may be, at the time initially granted, issued or sold and the number of shares of Common Stock acquirable hereunder shall be correspondingly readjustedsold. For purposes of this Section 9(b)(iii)Section, if the terms of any Option or Convertible Security that was outstanding as of the date of issuance of this Warrant Closing Date are changed in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the Common Stock deemed issuable upon conversionexercise, conversion or exchange or exercise thereof shall be deemed to have been issued as of the date of such change.. No adjustment shall be made if such adjustment would result in an increase of the Floor Price then in effect. Initials Initials

Appears in 1 contract

Samples: CSMG Technologies, Inc.

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