Common use of Exercise Price Adjustment Clause in Contracts

Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.1, the Exercise Price per share 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; PROVIDED, HOWEVER, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 12 contracts

Samples: Platinum Entertainment Inc, Platinum Entertainment Inc, Platinum Entertainment Inc

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Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.17.1, the Exercise Price per share 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; PROVIDEDprovided, HOWEVERhowever, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 7 contracts

Samples: ITUS Corp, ITUS Corp, Copytele Inc

Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the this Warrant is adjusted as provided pursuant to this Section 6.16(a), the Exercise Price per share 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; PROVIDEDprovided, HOWEVERhowever, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 3 contracts

Samples: Security Agreement (Optimark Technologies Inc), Optimark Technologies Inc, Optimark Technologies Inc

Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.17.1, the Exercise Price per share 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; PROVIDED, HOWEVER, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 2 contracts

Samples: Hotel Reservations Network Inc, Hotel Reservations Network Inc

Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.18.1, the Exercise Price per share payable upon the exercise of this Warrant shall will be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, (i) the number of which the numerator shall will be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and (ii) the denominator of which the denominator shall will be the number of Warrant Shares purchasable immediately thereafter; PROVIDEDprovided, HOWEVERhowever, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 2 contracts

Samples: Cic MSRG Lp, Main Street Restaurant Group, Inc.

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Exercise Price Adjustment. Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.1, the Exercise Price per share payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately immedi ately 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; PROVIDEDprovided, HOWEVERhowever, that the Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Soros George

Exercise Price Adjustment. Whenever the number of ------------------------- Warrant Shares purchasable upon the exercise of the Warrant is adjusted as provided pursuant to this Section 6.1, the Exercise Price per share 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; PROVIDEDprovided, HOWEVER-------- however, that the Exercise Price for each Warrant Share shall in no event be ------- less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Viropharma Inc

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