Common use of Exercise Price Adjustment Clause in Contracts

Exercise Price Adjustment. Except in cases where an adjustment of the per share Exercise Price is provided for above, whenever the number of Warrant Shares purchasable upon the exercise of the Warrant becomes subject to adjustment as provided pursuant to this Section 6, the per share Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such per share 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 per share Exercise Price shall in no event be less than the par value of such Warrant Share.

Appears in 17 contracts

Samples: Common Stock Purchase (Motorola Inc), Common Stock Purchase (Motorola Inc), Warrant (Motorola Inc)

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Exercise Price Adjustment. Except in cases where an adjustment of the per share Exercise Price is provided for above, whenever Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant becomes subject to adjustment is adjusted as provided pursuant to this Section 66.1 (other than any adjustment made pursuant to Section 6.1(f) hereunder), the Exercise Price per share Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such per share 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 per share Exercise Price for each Warrant Share shall in no event be less than the par value of such Warrant Share.

Appears in 4 contracts

Samples: Mac Music LLC, Platinum Entertainment Inc, Platinum Entertainment Inc

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Exercise Price Adjustment. Except in cases where an adjustment of to the per share Exercise Price is provided for above, whenever the number of Warrant Shares purchasable upon the exercise of the Warrant becomes subject to adjustment as provided pursuant to this Section 6, the per share Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such per share 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 per share Exercise Price shall in no event be less than the par value of such Warrant Share.

Appears in 1 contract

Samples: Next Level Communications Inc

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