Common use of Voluntary Adjustment by the Company Clause in Contracts

Voluntary Adjustment by the Company. The Company may at its option, at any time during the term of the Warrants, reduce the then current Exercise Price to any amount deemed appropriate by the Board of Directors of the Company; provided that if the Company elects so to reduce the then current Exercise Price, such reduction shall remain in effect for at least a 15-day period, after which time the Company may, at its option, reinstate the Exercise Price in effect prior to such reduction.

Appears in 5 contracts

Samples: Securities Purchase Agreement (All American Food Group Inc), Securities Purchase Agreement (All American Food Group Inc), All American Food Group Inc

AutoNDA by SimpleDocs

Voluntary Adjustment by the Company. The Company may at its option, at any time during the term of the WarrantsRights, reduce the then current Exercise Price to any amount deemed appropriate by the Board of Directors of the Company; provided that if the Company elects so to reduce the then current Exercise Price, such reduction shall remain in effect for at least a 15-day period, after which time the Company may, at its option, reinstate the Exercise Price in effect prior to such reduction.

Appears in 2 contracts

Samples: Stock Purchase Agreement (North Fork Bancorporation Inc), Stock Purchase Agreement (Fleet Boston Corp)

Voluntary Adjustment by the Company. The Company may at its option, at any time during the term of the Warrants, this Warrant reduce the then current Exercise Price to any amount and for any period of time deemed appropriate by the Board of Directors of the Company; provided Directors, provided, that if the Company elects so to reduce the then current Exercise Price, such reduction shall remain in effect for at least a 15-day period, after which time the Company may, at its option, reinstate the Exercise Price in effect prior to such reductionas so reduced is not less than the Warrant Floor Price unless Stockholder Approval has been obtained.

Appears in 1 contract

Samples: Diomed Holdings Inc

Voluntary Adjustment by the Company. The Company may at its option, at any time during the term of the Warrantsthis Warrant, reduce the then current Exercise Price to any amount deemed appropriate by a majority of the independent members of the Board of Directors of the Company; provided provided, however, that if the Company elects so to reduce the then current Exercise Price, such reduction shall remain in effect for at a least a 15-day period, after which time the Company may, at its option, reinstate the Exercise Price in effect prior to such reduction.

Appears in 1 contract

Samples: Griffin Gaming & Entertainment Inc

AutoNDA by SimpleDocs

Voluntary Adjustment by the Company. The Company may may, at its option, at any time during the term of the Warrants, reduce the then current Exercise Price to any amount deemed appropriate by the Board of Directors of the Company; , provided that the Company may not in any case increase the Exercise Price pursuant to this section 9.2, and provided further, that if the Company elects so to reduce the then current Exercise Price, such reduction shall remain in effect for at least a 1530-day period, after which time the Company may, at its option, reinstate the Exercise Price in effect immediately prior to such reduction, provided, however, that notice of such option to reinstate shall have been given to the Holders of the Warrants prior to such reduction.

Appears in 1 contract

Samples: Warrant Agreement (Safety Components International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.