Adjustment of Number of Units Clause Samples

The Adjustment of Number of Units clause allows for changes to the quantity of units specified in a contract, typically in response to project needs or unforeseen circumstances. In practice, this clause enables either party to request an increase or decrease in the number of units to be delivered or performed, often subject to certain limits or approval processes. Its core function is to provide flexibility and ensure that the contract remains aligned with actual requirements, thereby preventing disputes and accommodating changes without the need for a complete contract renegotiation.
Adjustment of Number of Units. Upon each adjustment in the Exercise Price pursuant to Section 3.1(a)-(d), the number of Common Units purchasable hereunder at the Exercise Price shall be adjusted, to the nearest whole Common Unit, to the product obtained by multiplying such number of Common Units purchasable immediately prior to such adjustment in the Exercise Price by a fraction, (i) the numerator of which shall be the Exercise Price immediately prior to such adjustment and (ii) the denominator of which shall be the Exercise Price immediately thereafter.
Adjustment of Number of Units. The number of Units awarded pursuant to this Agreement and the Shares to be delivered with respect to the Units shall be subject to adjustment in accordance with Section 20 of the Plan.
Adjustment of Number of Units. The rights to acquire Units in effect at any date attaching to the Special Warrants are subject to adjustment from time to time as follows: (a) if the Qualification Date has not occurred in a Designated Province on or before the Qualification Deadline, each Special Warrantholder in such Designated Province shall be entitled to acquire one Unit plus an additional 0.1 of a Unit per Special Warrant exercised or deemed exercised by such holder, subject to adjustment in accordance with the following provisions of this Article 4, at any time after the Qualification Deadline until the Expiry Time at no additional cost to or further action by the Special Warrantholder (the “Penalty Provision”); (b) if and whenever at any time from the date hereof and prior to the Expiry Time (the “Adjustment Period”), the Corporation: (i) subdivides, re-divides or changes its outstanding Common Shares into a greater number of shares; (ii) consolidates, reduces or combines its outstanding Common Shares into a smaller number of shares; or (iii) issues Common Shares or securities exchangeable for or convertible to Common Shares (“convertible securities”) to the holders of all or substantially all of the outstanding Common Shares by way of a stock dividend (other than the issue of Common Shares or convertible securities to such holders as Dividends paid in the Ordinary Course); (any of the above being a “Common Share Reorganization”), the number of Units issuable upon the exercise of each Special Warrant is adjusted immediately after the effective date of the Common Share Reorganization or on the record date for the issue of Common Shares or convertible securities by way of stock dividend, by multiplying the number of Units previously obtainable on the exercise of a Special Warrant by the fraction of which: A. the numerator is the total number of Common Shares outstanding immediately after the effective or record date of the Common Share Reorganization, or, in the case of the issuance of exchangeable or convertible securities, the total number of Common Shares outstanding immediately after the effective or record date of the Common Share Reorganization plus the total number of Common Shares issuable upon conversion or exchange of such convertible securities; and B. the denominator is the total number of Common Shares outstanding immediately prior to the applicable effective or record date of such Common Share Reorganization; and the Corporation and Special Warrant Agent, upon receipt ...
Adjustment of Number of Units. The Subscription Receipts shall be subject to adjustment from time to time in the following circumstances and manner: (a) Subject to Section 7.2, if and whenever at any time from the Closing Date and prior to the Release Date, the Corporation shall: (i) subdivide, redivide or change its outstanding Common Shares into a greater number of shares; (ii) reduce, combine or consolidate its outstanding Common Shares into a smaller number of shares; or (iii) issue Common Shares or securities convertible into or exchangeable for Common Shares to the holders of all or substantially all of the outstanding Common Shares by way of a stock dividend or make a distribution to all or substantially all of the holders of Common Shares on its outstanding Common Shares payable in Common Shares or securities convertible into or exchangeable for Common Shares; then, in each such event, the number of Units issuable upon conversion of the Subscription Receipts shall be adjusted immediately after the effective date of such subdivision, redivision, change, reduction, combination or consolidation, or the record date for such issue of Common Shares by way of a stock dividend or distribution, as the case may be, by multiplying the number of Units issuable upon conversion of the Subscription Receipts by a fraction: (A) the numerator of which shall be the total number of Common Shares outstanding immediately after such date; and (B) the denominator of which shall be the total number of Common Shares outstanding immediately prior to such date. Such adjustment shall be made successively whenever any event referred to in this Section 7.1(a) shall occur. Any such issue or distribution of Common Shares or securities convertible into or exchangeable for Common Shares shall be deemed to have been made on the record date for such issue or distribution for the purpose of calculating the number of outstanding Common Shares under Section 7.1(b) and Section 7.1(c). (b) Subject to Section 7.2, if and whenever at any time from the Closing Date and prior to the Release Date, the Corporation shall fix a record date for the issuance of rights, options or warrants to all or substantially all the holders of its outstanding Common Shares entitling them, for a period expiring not more than 45 days after such record date, to subscribe for or purchase Common Shares (or securities convertible into or exchangeable for Common Shares) at a price per share (or having a conversion or exchange price per share) less t...
Adjustment of Number of Units. Upon each adjustment of the Exercise Price, the number of Units issuable upon exercise of this Warrant shall be increased to equal the quotient obtained by dividing (a) the product resulting from multiplying (i) the number of Units issuable upon exercise of this Warrant and (ii) the Exercise Price, in each case as in effect immediately before such adjustment, by (b) the adjusted Exercise Price.
Adjustment of Number of Units. The rights to acquire Units in effect at any date attaching to the Special Warrants are subject to adjustment from time to time as follows: (a) If the Qualification Date has not occurred on or prior to 5:00 p.m. (Toronto time) on the date that is four months following the Closing Date, each Special Warrantholder shall acquire one Penalty Unit per unexercised Special Warrant by exercise prior to the Expiry Time or deemed exercise at the Expiry Time, with each Penalty Unit being comprised of 1.2 Underlying Shares and 1.2 Underlying Warrants; provided, however, that any fractional Penalty Unit entitled will be rounded up to the next greater whole number of Penalty Units if the fractional entitlement is equal to or greater than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of Penalty Units if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all Penalty Units registered in the name of and held by the Special Warrantholder shall be aggregated, subject to adjustment in accordance with the following provisions of this Article 4, at the Expiry Date, at no additional cost to or further action by the Special Warrantholder (the “Penalty Provision”);
Adjustment of Number of Units. Section 4.1 Adjustment of Number of Units 22 Section 4.2 Adjustment of Number of Underling Shares and Underlying Warrants 23 Section 4.3 Proceedings Prior to any Action Requiring Adjustment 26 Section 4.4 Certificate of Adjustment 26
Adjustment of Number of Units. The rights to acquire Units in effect at any date attaching to the Special Warrants are subject to adjustment from time to time as follows: (a) If the Qualification Date has not occurred on or prior to 5:00 p.m. (PST) on November 9, 2019, each Special Warrantholder shall acquire 1.1 Units per unexercised Special Warrant (the “Penalty Units”) by automatic exercise at the Expiry Time, each Penalty Unit being comprised of 1.1
Adjustment of Number of Units. 22 4.1 Adjustment of Number of Units 22 4.2 Proceedings Prior to any Action Requiring Adjustment 25 4.3 Certificate of Adjustment 25 4.4 No Action After Notice 26 4.5 Protection of Special Warrant Agent 26 4.6 Notice of Special Matters 26
Adjustment of Number of Units. The rights to acquire Units in effect at any date attaching to the Special Warrants are subject to adjustment from time to time as follows: (a) If the Qualification Date has not occurred on or prior to 5:00 p.m. (PST) on November 9, 2019, each Special Warrantholder shall acquire 1.1 Units per unexercised Special Warrant (the “Penalty Units”) by automatic exercise at the Expiry Time, each Penalty Unit being comprised of 1.1