Adjustment of Exercise Rate Sample Clauses

The Adjustment of Exercise Rate clause defines how and when the rate at which an option or right can be exercised may be modified. Typically, this clause outlines specific events—such as stock splits, dividends, or corporate restructurings—that trigger a recalculation of the exercise rate to ensure fairness to both parties. Its core function is to maintain the economic value of the option or right for the holder, preventing dilution or unintended advantage due to changes in the underlying asset.
Adjustment of Exercise Rate. The number of Warrant Shares --------------------------- for which a Warrant may be exercised (the "Exercise Rate") is 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, including the Common Stock, and any other stock of the Company, howsoever designated, authorized after this date hereof, has the right (subject always to prior rights of any class or series of preferred stock) to participate in any distribution of the assets and earnings of the Company without limit as to per share amount.
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Adjustment of Exercise Rate. The Exercise Rate is subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 13. For purposes of this Section 13, "Class B Shares" means the Class B Shares and any other stock of the Company, however designated, for which the Warrants may be exercisable.
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Adjustment of Exercise Rate. The Exercise Rate with respect to a class of Junior Shares shall be subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 12. (a) If at any time after February 1, 1998 the Company: (1) pays a dividend or makes a distribution on any of its Capital Stock in Junior Shares or other shares of its Capital Stock; (2) subdivides, reclassifies or recapitalizes any class of Junior Shares into a greater number of shares; (3) combines, reclassifies or recapitalizes any class of Junior Shares of Junior Shares into a smaller number of shares; (4) issues by reclassification of any class of Junior Shares any shares of its Capital Stock (excluding any such reclassification in connection with a consolidation or merger); then the Exercise Rate with respect to a class of Junior Shares in effect immediately prior to such action shall be proportionately adjusted if necessary so that the holder of any Contingent Warrant thereafter exercised may receive the aggregate number and kind of shares of Capital Stock of the Company which such holder would have owned immediately following such action if such Contingent Warrant had been exercised immediately prior to such action (without giving effect to the Cashless Option). Any adjustment required by this subsection (a) shall be made successively immediately after the record date, in the case of a dividend or distribution, or the effective date, in the case of a subdivision, combination, reclassification or recapitalization, to allow the purchase of such aggregate number and kind of shares. (b) In case after February 1, 1998 the Company shall issue rights, options or warrants to all holders of a class of Junior Shares entitling them to subscribe for or purchase shares of such class at a price per share less than the Current Market Price per share of such class on the date fixed for the determination of shareholders entitled to receive such rights, options or warrants, the Exercise Rate with respect to such class of Junior Shares in effect at the opening of business on the day following the date fixed for such determination shall be increased by dividing such Exercise Rate by a fraction of which the numerator shall be the number of shares of such class outstanding at the close of business on the date fixed for such determination plus the number of shares which the aggregate of the offering price of the total number of shares so offered for subscription or purchase would purchase at such Curre...
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Adjustment of Exercise Rate. The Exercise Rate is subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 13. For purposes of this Section 13, "Common Stock" means the Common Stock and any other stock of the Company, however designated, for which the Warrants may be exercisable.
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Adjustment of Exercise Rate. If and whenever the Company issues or sells, or in accordance with this Section 8.2 hereof is deemed to have issued or sold, any shares of Common Stock for a consideration per share less than the then Exercise Price or for no consideration (such lower price, the "Base Share Price" and such issuances collectively, a "Dilutive Issuance"), then, the Exercise Price shall be reduced to equal the Base Share Price; provided, that for purposes hereof, all shares of Common Stock that are issuable upon conversion, exercise or exchange of Common Stock Equivalents shall be deemed outstanding immediately after the issuance of such Common Stock Equivalents. Such adjustment shall be made whenever such shares of Common Stock or Common Stock Equivalents are issued.
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Adjustment of Exercise Rate. 8 SECTION 14.
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Adjustment of Exercise Rate. 15 SECTION 13. No Dilution or Impairment ..................................... 19
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Related to Adjustment of Exercise Rate

  • Adjustment of Exercise Price The Exercise Price in effect at the time and the number and kind of securities purchasable upon the exercise of this Warrant shall be subject to adjustment from time to time upon the happening of certain events as follows: (a) In case the Company shall (i) declare a dividend or make a distribution on its outstanding Common Stock in Common Stock, (ii) subdivide or reclassify its outstanding Common Stock into a greater number of shares, (iii) combine or reclassify its outstanding Common Stock into a smaller number of shares, or (iv) enter into any transaction whereby the outstanding Common Stock of the Company are at any time changed into or exchanged for a different number or kind of shares or other securities of the Company or of another corporation through reorganization, merger, consolidation, liquidation or recapitalization, then appropriate adjustments in the number of Shares (or other securities for which such Shares have previously been exchanged or converted) subject to this Warrant shall be made and the Exercise Price in effect at the time of the record date for such dividend or distribution or of the effective date of such subdivision, combination, reclassification, reorganization, merger, consolidation, liquidation or recapitalization shall be proportionately adjusted so that the Holder of this Warrant exercised after such date shall be entitled to receive the aggregate number and kind of shares or other securities which, if this Warrant had been exercised by such Holder immediately prior to such date, the Holder would have been entitled to receive upon such dividend, distribution, subdivision, combination, reclassification, reorganization, merger, consolidation, liquidation or recapitalization. For example, if the Company declares a 2 for 1 stock subdivision (forward split) and the Exercise Price hereof immediately prior to such event was $7.00 per Share and the number of Shares issuable upon exercise of this Warrant was 85,500, the adjusted Exercise Price immediately after such event would be $3.50 per Share and the adjusted number of Shares issuable upon exercise of this Warrant would be 171,000. Such adjustment shall be made successively whenever any event listed above shall occur. (b) In the event that at any time, as a result of an adjustment made pursuant to the provisions of this Section 8, the Holder of the Warrant thereafter shall become entitled to receive any shares of the Company other than Common Stock, thereafter the number of such other shares so receivable upon exercise of the Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Common Stock contained in Sections 8(a) above.

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Adjustment to Exercise Price Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

  • Adjustment of Warrant Price The price at which such shares of Warrant Stock may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.

  • Adjustment of Number of Warrant Shares Issuable Upon Exercise of a Warrant and Adjustment of Exercise Price.