Common use of Adjustment of Number of Underlying Securities Clause in Contracts

Adjustment of Number of Underlying Securities. If the Receipt for the Prospectus is not issued prior to the Qualification Deadline then each holder of a Special Warrant will be entitled to receive upon deemed exercise of each Special Warrant, without payment of any additional consideration, 1.05 Units per Special Warrant (the “Penalty Units”), on the Deemed Exercise Date.

Appears in 1 contract

Sources: Special Warrant Indenture

Adjustment of Number of Underlying Securities. If the Receipt for the Prospectus is not issued prior to the Qualification Deadline Deadline, then each holder of a Special Warrant will be entitled to receive upon deemed exercise of each Special Warrant, without payment of any additional consideration, 1.05 Units per Special Warrant (the “Penalty Units”), ) on the Deemed Exercise Date.

Appears in 1 contract

Sources: Special Warrant Indenture