Adjustment of the Exercise Price Sample Clauses

Adjustment of the Exercise Price. If the Company subdivides its outstanding Shares into a greater number of Shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced. Conversely, if the Company combines its outstanding Shares into a lesser number of Shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased. In case of a subdivision or combination, the adjustment of the Exercise Price shall be made as of the event. A distribution of shares of Common Stock, including a distribution of Convertible Securities, to stockholders of the Company on a pro rata basis shall be considered as a subdivision of outstanding Shares for the purposes of this subsection, except that the adjustment will be made as of the record date of such distribution and any such distribution of Convertible Securities shall be deemed to be a distribution of the Shares underlying such Convertible Securities.

Adjustment of the Exercise Price. The relevant Exercise Price shall be subject to adjustment from time to time as follows: a) In case Borrower shall: (A) subdivide its outstanding Common Shares into a greater number of shares; (B) consolidate its outstanding Common Shares into a smaller number of shares; or (C) issue Common Shares to the holders of its outstanding Common Shares by way of stock dividend (other than a stock dividend to the holders of Common Shares who exercise an option to receive in the ordinary course equivalent dividends in Common Shares in lieu of receiving cash dividends), the Exercise Price in effect on the effective date of such subdivision or consolidation or on the record date for such issue of Common Shares by way of a stock dividend, as the case may be, shall, in the case of the events referred to in (A) and (C) above, be decreased in proportion to the total number of outstanding Common Shares resulting from such subdivision or issue, or shall, in the case of the event referred to in (B) above, be increased in proportion to the total number of outstanding Common Shares resulting from such consolidation. Such adjustment shall be made successively whenever any event referred to above shall occur. Any such issue of Common Shares by way of a stock dividend shall be deemed to have been made on or immediately prior to the record date for the stock dividend for the purpose of calculating the number of outstanding Common Shares under subparagraphs (b) and (c) below. b) In case Borrower shall fix a record date for the issuance of options, rights or warrants to all or substantially all of 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 exercised or exchangeable into Common Shares) at a price per share (or having an exercise or exchange price per share) less than 95% of the Current Price per Common Share, as the case may be, on such record date, the Exercise Price shall be automatically adjusted immediately after such record date so that it shall equal the price determined by multiplying the Exercise Price in effect on such record date by a fraction, of which the numerator shall be the sum of: (A) the total number of outstanding Common Shares on such record date; plus (B) a number of Common Shares determined by dividing the aggregate price of the additional Common Shares, if any, offered for subscription or purchase (or the aggregate exer...

Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Warrant Shares issuable upon exercise of the Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows; provided, however, that nothing contained in this Section 6 shall be construed to require such adjustment to the exercise price of this Warrant for the payment of any placement agent, in Capital Stock or otherwise, in consideration of the transactions contemplated by the Agreement:

Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Guarantor Warrant Shares issuable upon exercise of the Guarantor Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows:

Adjustment of the Exercise Price. In the event that at any time or from time to time after the Original Issue Date the Company shall issue Additional Shares of Common Shares (including, without limitation, Additional Shares of Common Shares deemed to be issued pursuant to Subsection 4(A)(iii), but excluding shares issued upon a stock subdivision or combination as provided in Subsection 4(B)), without consideration or for a consideration per share less than the applicable Exercise Price in effect on the date of and immediately prior to such issue, then and in such event, such Exercise Price shall be reduced concurrently with such issue, to a price (calculated to the nearest cent) determined in accordance with the following formula:

Adjustment of the Exercise Price. (a) The Exercise Price shall be adjusted in accordance with the following formula if the events set out in 4(2)(a)-(d) below occur after the Warrants are issued: Number Number of of new Amount to issued and shares be paid per Adjusted Pre-adjusted outstanding to be [new] Exercise = Exercise Price X shares + issued X share Price ------------------------- Current market price per share -------------------------------------------- Number of issued + Number of new and outstanding shares to be issued shares (b) The "Pre-adjusted Exercise Price" used in the formula above shall be the Exercise Price effective on the day prior to the date on which the Adjusted Exercise Price is applied pursuant to 4(2). The "Number of issued and outstanding shares" used in the formula above shall be the total number of issued and outstanding shares of the Company on the allotment date of the new shares being issued. If such allotment date is not specified, the "Number of issued and outstanding shares" shall be the total number of issued and outstanding shares on the date one month prior to the date on which the Adjusted Exercise Price is applied; provided, however, that in the event of a stock split the "Number of issued and outstanding shares" shall be the total number of issued and outstanding shares on the expiry of the period provided for in clause 1 of Article 215 of the Commercial Code as applied by Article 220 of the Commercial Code (Law No. 48 of 1899 as amended). -------------------------------------------------------------------------------- 5 The term "Company" (when used in this Appendix only) refers to Toyota Motor Corporation. (c) The "Current market price per share" used in the formula above shall be the average daily closing price (including the trend quotations) on the Tokyo Stock Exchange for the 30 day period starting on the 45th dealing day before the date on which the Adjusted Exercise Price is applied, excluding any days on which the closing price is not reported. The average daily closing price shall be calculated to two decimal places and rounded off to one decimal place. (d) The Adjusted Exercise Price shall be calculated to two decimal places and rounded off to one decimal place. (e) If the Adjusted Exercise Price calculated in accordance with the formula above is lower than the par value of the Common Shares, such par value shall be regarded as the Adjusted Exercise Price. (2) If the Exercise Price is adjusted in accordance with the formula above, the da...

Adjustment of the Exercise Price. The Exercise Price and, accordingly, the number of Protective Warrant Shares issuable upon exercise of the Protective Warrant, shall be subject to adjustment from time to time upon the happening of certain events as follows:

Adjustment of the Exercise Price. 1. In case Frontline Ltd. shall (i) declare a dividend or make a distribution on its outstanding Ordinary Shares in additional shares, (ii) subdivide or reclassify its outstanding Ordinary Shares into a greater number of shares, or (iii) combine or reclassify its outstanding Ordinary Shares into a smaller number of shares, the Exercise Price in effect immediately after the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted so that it shall equal the price determined by multiplying the Exercise Price in effect immediately prior thereto by a fraction, the numerator of which shall be the number of Ordinary Shares outstanding immediately before such dividend, distribution, subdivision, combination or reclassification, and the denominator of which shall be the number of Ordinary Shares outstanding immediately after such dividend, distribution, subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event specified above shall occur. 2. If Frontline Ltd. or any other person or entity shall issue to holders of its outstanding Ordinary Shares generally any rights, options or warrants (or modify any of their existing rights, options or warrants) entitling them to subscribe for or purchase (i) Ordinary Shares, (ii) any assets of Frontline Ltd., (iii) any securities of Frontline Ltd. (other than its Ordinary Shares) or of any entity other than Frontline Ltd. or (iv) any rights, options or warrants entitling them to subscribe for or to purchase any of the foregoing securities, whether or not such rights, options or warrants are immediately exercisable (hereinafter collectively called "Distribution on Ordinary Shares"), Frontline Ltd. shall issue to the Warrant Holders the Distribution on Ordinary Shares to which they would have been entitled if they had exercised their Warrants immediately prior to the record date for the purpose of determining the shareholders entitled to receive such Distribution on Ordinary Shares. 3. No adjustment of the Exercise Price shall be made as a result of or in connection with: (i) the issuance of Ordinary Shares pursuant to options, warrants or stock purchase agreements entered into prior to the date hereof, or pursuant to options for Ordinary Shares issued pursuant to Frontline Ltd.'s Bermuda Share Option Plan or Frontline Ltd.'s United Kingdom Share Option Plan or otherwise subsequent to the date hereof ...

Adjustment of the Exercise Price. The Company shall notify the holders of Warrants, in the same manner as provided in the first paragraph of Section 7.5, of its election to adjust the number of Warrants, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Exercise Price is adjusted or any day thereafter. Upon each adjustment of the number of Warrants pursuant to this paragraph (g) the Company shall, as promptly as practicable, cause to be distributed to holders of record of Warrants on such record date Warrant Certificates evidencing, subject to paragraph (h), the additional Warrants to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Warrant Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Warrant Certificates evidencing all the Warrants to be issued, executed and registered in the manner specified in Section 1 (and which may bear, at the option of the Company, the adjusted Exercise Price) and shall be registered in the names of the holders of record of Warrant Certificates on the record date specified in the notice.