Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants Sample Clauses

The "Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants" clause defines how the terms of a warrant or option are modified in response to certain corporate actions. Typically, this clause outlines adjustments to the exercise price and the number of shares or warrants available if events such as stock splits, stock dividends, mergers, or other recapitalizations occur. For example, if a company issues additional shares or consolidates its stock, the exercise price may be recalculated and the number of shares purchasable may be increased or decreased to maintain the holder's economic position. The core function of this clause is to protect warrant or option holders from dilution or unfair changes in value due to corporate restructuring, ensuring that their rights remain equitable.
Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of Shares purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 3.8. (a) If the Company shall (i) pay a dividend on its capital stock (including [Common/Preferred Stock]) in shares of Stock, (ii) subdivide its outstanding shares of [Common/Preferred Stock], (iii) combine its outstanding shares of [Common/Preferred Stock] into a smaller number of shares of [Common/Preferred Stock] or (iv) issue any shares of its capital stock in a reclassification of the [Common/Preferred Stock] (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event. (b) In the event of any capital reorganization or any reclassification of the [Common/Preferred Stock] (except as provided in paragraph (a) above or paragraph (h) below), any holder of Warrants upon exercise thereof shall be entitled to receive, in lieu of the [Common/Preferred Stock] to which he would have become entitled upon exercise immediately prior to such reorganization or reclassification, the shares (of any class or classes) or other securities or property of the Company that he or she would have been entitled to receive at the same aggregate Exercise Price upon such reorganization or reclassification if his or her Warrants had been exercised immediately prior thereto; and in any such case, appropriate provision (as determined in good faith by the Board of Directors of the Company, whose determination shall be conclusive and shall be evidenced by a resolution filed with the Warrant Agent) shall be made for the application of this Section 3.8 with respect to the rights and interests thereafter of the holders of Warrants (includ...
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Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of shares of Common Stock purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 14.
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Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of Shares purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 3.8. (a) If the Company shall (i) pay a dividend on its capital stock (including [Common/Preferred Stock]) in shares of Stock, (ii) subdivide its outstanding shares of [Common/Preferred Stock], (iii) combine its outstanding shares of [Common/Preferred Stock] into smaller number of shares of [Common/Preferred Stock] or (iv) issue any shares of its capital stock in a reclassification of the [Common/Preferred Stock] (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been
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Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants 
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Related to Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants

  • Adjustment of Exercise Price and Number of Shares The number of and kind of securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows:

  • Adjustment of Exercise Price and Number of Warrant Shares Issuable The Exercise Price and the number of Warrant Shares issuable upon the exercise of each Warrant are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 10. For purposes of this Section 10, "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.

  • ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows:

  • Adjustment of Warrant Price and Number of Shares The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Adjustment of Number of Warrant Shares and Exercise Price The number and kind of Warrant Shares purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows: