Common use of Adjustment of Exercise Price and Number of Shares Issuable Clause in Contracts

Adjustment of Exercise Price and Number of Shares Issuable. The Exercise Price and the number of Shares issuable upon the exercise of the Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 2. For purposes of this Section 2, "Common Stock" means shares now or hereafter authorized of any class of common stock of the Company and any other stock of the Company, however designated, that has the right (subject to any prior rights of any class or series of preferred stock) to participate in any distribution of the assets or earnings of the Company without limit as to per share amount.

Appears in 2 contracts

Sources: Warrant Agreement (Party City Corp), Warrant Agreement (Party City Corp)

Adjustment of Exercise Price and Number of Shares Issuable. The Exercise Price and the number of Shares issuable upon the exercise of the Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 2. For purposes of this Section 2, "Common Stock" means shares now or hereafter authorized of any class of common stock of the Company and any other stock of the Company, however designated, that has the right (subject to any prior rights of any class or 3 series of preferred stock) to participate in any distribution of the assets or earnings of the Company without limit as to per share amount.

Appears in 1 contract

Sources: Warrant to Purchase Common Stock (Tennenbaum & Co LLC)