Common use of Adjustment for Convertible Securities Issue Clause in Contracts

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 10) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula:

Appears in 2 contracts

Sources: Warrant Agreement (Komag Inc /De/), Warrant Agreement (Komag Inc /De/)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (bSections 7(b) and (c) of this Section 107(c)) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price per share of Common Stock on the date of issuance of such securities, the Exercise Price number of shares of Common Stock issuable upon exercise of each Warrant shall be adjusted in accordance with this formula: N' = N x O + D where:

Appears in 1 contract

Sources: Warrant Agreement (Virgin America Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 108.02) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Current Market Price per share of Common Stock on the date of issuance of such securities, the Exercise Price Rate shall be adjusted in accordance with this the formula:: E' = E x O + N ------------- O + N x P ----- M

Appears in 1 contract

Sources: Warrant Agreement (Monarch Dental Corp)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (bSection 17(b) and (c) of this Section 10)) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Fair Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this the formula:

Appears in 1 contract

Sources: Warrant Agreement (R&b Falcon Corp)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 10) 8) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Fair Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula: E’ = E x O + M where:

Appears in 1 contract

Sources: Warrant Agreement (Decrane Holdings Co)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 1011) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Closing Price per share of Common Stock on the date of issuance of such securities, the Exercise Price number of shares of Common Stock issuable upon exercise of each Warrant shall be adjusted in accordance with this formula:: N’ = N x O+D

Appears in 1 contract

Sources: Warrant Agreement (Lambert's Cove Acquisition CORP)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (bc) and (cd) of this Section 10) 8) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Fair Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula: E’ = E x O + M where:

Appears in 1 contract

Sources: Warrant Agreement (Mueller Water Products, Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable or exercisable for Common Stock (other than securities issued in transactions described in subsections (a), (b) and (c) of this Section 10) 8) for a consideration per share of Common Stock initially deliverable upon conversion conversion, exchange or exchange exercise of such securities less than the current market price Fair Market Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this the formula: E’ = E x O + M O + D where:

Appears in 1 contract

Sources: Warrant Agreement (Atlantic Paratrans of Arizona, Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 1011) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Fair Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula:: P - E' = E x O + M ---------- O + D

Appears in 1 contract

Sources: Warrant Agreement (Interamericas Communications Corp)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 1011) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Fair Value per share of Common Stock on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula:

Appears in 1 contract

Sources: Warrant Agreement (Quaker Holding Co)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (bSections 7(b) and (c) of this Section 107(c)) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price per share of Common Stock on the date of issuance of such securities, the Exercise Price number of shares of Common Stock issuable upon exercise of each Warrant shall be adjusted in accordance with this formula: N’ = N x O + D where:

Appears in 1 contract

Sources: Warrant Agreement (Virgin America Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) Sections 4.2 and (c) of this Section 104.3) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price Closing Price per share of Common Stock on the date of issuance of such securities, the Exercise Price number of shares of Common Stock issuable upon exercise of each Warrant shall be adjusted in accordance with this formula: N’ = N x O + D O + P/M where:

Appears in 1 contract

Sources: Warrant Agreement (Two Harbors Investment Corp.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (bSections 7(b) and (c) of this Section 107(c)) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the current market price per share of Common Stock on the date of issuance of such securities, the Exercise Price number of shares of Common Stock issuable upon exercise of each Class C-1 Warrant shall be adjusted in accordance with this formula: N' = N x O + D where:

Appears in 1 contract

Sources: Warrant Agreement (Virgin America Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable or exercisable for Common Stock (other than (x) securities issued in transactions described in subsections (b) and or (c) of this Section 10or (y) the Warrants) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of received for such securities that is less than the current market price Daily Price per share of Common Stock on the date of issuance the Company enters into a definitive binding agreement that fixes the offering price of such securities, the Exercise Price shall be adjusted in accordance with this formula: where:

Appears in 1 contract

Sources: Warrant Agreement (Harvest Natural Resources, Inc.)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 105 and other than Excluded Stock) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities of less than the current market price per share of Common Stock Exercise Price on the date of issuance of such securities, the Exercise Price shall be adjusted in accordance with this formula: where:

Appears in 1 contract

Sources: Loan Agreement (Vitesse Semiconductor Corp)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable or exercisable for Common Stock (other than the Securities or securities issued in transactions described in subsections (b) Sections 10.07 and (c) of this Section 1010.08) for a consideration per share of Common Stock initially deliverable upon conversion conversion, exchange or exchange exercise of such securities less than the current market price per share of Common Stock on the date of issuance of such securities, the Exercise Price conversion price shall be adjusted in accordance with this formula: O + P - M ----- C' = C x O + D where:

Appears in 1 contract

Sources: Shareholder Agreement (Excel Legacy Corp)

Adjustment for Convertible Securities Issue. If the Company issues any securities convertible into or exchangeable for Common Stock (other than (x) securities issued in transactions described in subsections (b) and or (c) of this Section 10or (y) the Warrants) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of received for such securities that is less than the current market price Fair Value per share of Common Stock on the date of issuance the Company fixes the offering price of such securities, the Exercise Price shall be adjusted in accordance with this formula:: where: E’ = the adjusted Exercise Price. E = the then current Exercise Price.

Appears in 1 contract

Sources: Warrant Agreement (Green Field Energy Services, Inc.)