Suspension of Exercise. In the event that, in the judgment of the Company, it is advisable to suspend exercise of the Warrants by Holders because the Company is conducting negotiations for a material business combination or due to pending material developments or events that have not yet been publicly disclosed and as to which the Company believes public disclosure will be prejudicial to the Company, the Company shall deliver notice to the Holders that exercise has been suspended and, thereafter, the Holders shall not exercise the Warrants, and the Exercise Period shall cease to run or will not commence, until Holders have received copies of the supplemented or amended prospectus provided for in paragraph 4.1(e), or until it is advised in writing by the Company that the prospectus may be used, and have received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such prospectus; provided that the duration of such suspension shall not exceed 90 days. The Company will use its best efforts to ensure that the use of the prospectus may be resumed, and the Exercise Period will commence, as promptly as is practicable and, in any event, promptly after the earlier of (x) public disclosure of such material business combination or pending material development or event sufficient to permit an Affiliate of the Company to sell Common Stock or (y) in the judgment of the Company, public disclosure of such material business combination or material development or event would not be prejudicial to the Company.
Suspension of Exercise. 9 5. Anti-Dilution Adjustments................................................................................9 5.1 Issuance of Common Stock........................................................................9 5.2 Effect on Exercise Price of Certain Events.....................................................10 5.2.1 Issuance of Rights or Options.........................................................10 5.2.2 Issuance of Convertible Securities....................................................10 5.2.3 Change in Option Price or Conversion Rate.............................................11 5.2.4 Expired Options and Unexercised Convertible Securities................................11 5.2.5 Calculation of Consideration Received.................................................11 5.2.6 Integrated Transactions...............................................................12 5.2.7 Treasury Shares.......................................................................12 5.2.8 Record Date...........................................................................12 5.3 Stock Splits and Reverse Splits................................................................12 5.4 Reorganizations and Asset Sales................................................................12 5.4.1 Reorganization or Reclassification....................................................13 5.4.2 Consolidation; Merger, Etc. ..........................................................13 5.5 Certain Events.................................................................................13 5.6
Suspension of Exercise. In the event of a capital increase, merger or spin-off of the Company, or any other financial transaction by the Company involving preemptive rights on the part of the shareholders, the Company’s board of directors may suspend the right to exercise the Warrants for a maximum period of three months, subject to the rules regarding the Warrant holders’ reservation of rights. In this case, the Company shall inform the Warrant holders in advance, indicating the date on which exercise of the Warrants will be suspended and the date on which it will begin again.
Suspension of Exercise. Each Affiliate agrees that the Options and/or Warrants held by such Affiliate as set forth opposite his name on Schedule A shall not be exercisable until the effective time of the Charter Amendment. Each Affiliate further covenants and agrees that (i) the foregoing restriction shall be deemed incorporated in and made a part of each of the Options and Warrants as fully as though it were set forth at length in the documents evidencing such Options and Warrants, and (ii) he will not cause or permit any transfer or assignment of any of such Options and Warrants unless the transferee or assignee shall have been informed of the foregoing restriction and shall have agreed to be subject to the same as fully as though it were set forth at length in all of the documents evidencing such Options and Warrants to be transferred or assigned.
Suspension of Exercise. Each Holder agrees by its acquisition of any Warrants that, upon receipt of a notice from the Company with respect to the suspension of the prospectus relating to or the registration statement registering the Warrants and the underlying Common Stock, such Holder will not exercise such Holder's Warrants until such time as the Holder receives the supplemented prospectus and/or amended registration statement or until such Holder is advised in writing by the Company that the use of the applicable prospectus may be resumed, and, in either case, such Holder has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such prospectus or registration statement. The Company may provide appropriate stop orders to enforce the provisions of this Section 15.
