Common use of Adjustment Price Clause in Contracts

Adjustment Price. Except as provided in Section 6.8, if and ---------------- whenever the Company shall issue or sell any shares of its Common Stock for a consideration per share less than the Adjustment Price (as hereinafter defined) in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Adjustment Price shall be reduced to the price (calculated to the nearest cent) determined by dividing (i) an amount equal to the sum of (a) the number of shares of all classes of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Adjustment Price, and (b) the consideration, if any, received by the Company upon such issue or sale, by (ii) the total number of shares of Common Stock outstanding immediately after such issue or sale. The Adjustment Price shall be the Warrant Price or, in the case an adjustment of such price has taken place pursuant to the provisions of this Section 6, then the Adjustment Price shall be the price as last adjusted and in effect at the date this Warrant (or any part thereof) is surrendered for exercise (such price or such price as last adjusted, if such price shall have been adjusted, being referred to herein as the "Adjustment Price"). If and whenever the Adjustment Price shall have been adjusted, the Warrant Price shall be forthwith adjusted to the price (calculated to the nearest cent) determined by multiplying the Warrant Price as then in effect by a fraction, the numerator of which shall be the Adjustment Price as so adjusted and the denominator of which shall be the Adjustment Price as in effect immediately prior to such adjustment. No adjustment of the Adjustment Price, however, shall be made in an amount less than $.10 per share, 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 $.10 per share or more. For the purposes of this Section 6.1, the following Sections 6.2 to 6.7, inclusive, shall also be applicable: except that this Warrant shall be deemed exercised and outstanding for all purposes and computations under this Section 6.1 and the then current Adjustment Price shall be deemed the Warrant Price per share.

Adjustment Price. Except as provided in Section 6.8, if and whenever ---------------- whenever the Company shall issue or sell any shares of its Common Stock for a consideration per share less than the Adjustment Price (as hereinafter defined) in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Adjustment Price shall be reduced to the price (calculated to the nearest cent) determined by dividing (i) an amount equal to the sum of (a) the number of shares of all classes of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Adjustment Price, and (b) the consideration, if any, received by the Company upon such issue or sale, by (ii) the total number of shares of Common Stock outstanding immediately after such issue or sale. The Adjustment Price shall be the Warrant Price or, in the case an adjustment of such price has taken place pursuant to the provisions of this Section 6, then the Adjustment Price shall be the price as last adjusted and in effect at the date this Warrant (or any part thereof) is surrendered for exercise (such price or such price as last adjusted, if such price shall have been adjusted, being referred to herein as the "Adjustment Price"). If and whenever the Adjustment Price shall have been adjusted, the Warrant Price shall be forthwith adjusted to the price (calculated to the nearest cent) determined by multiplying the Warrant Price as then in effect by a fraction, the numerator of which shall be the Adjustment Price as so adjusted and the denominator of which shall be the Adjustment Price as in effect immediately prior to such adjustment. No adjustment of the Adjustment Price, however, shall be made in an amount less than $.10 per share, 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 $.10 per share or more. For the purposes of this Section 6.1, the following Sections 6.2 to 6.7, inclusive, shall also be applicable: ; except that this Warrant shall be deemed exercised and outstanding for all purposes and computations under this Section 6.1 and the then current Adjustment Price shall be deemed the Warrant Price per share.

Adjustment Price. Except as provided in Section 6.8, if and ---------------- whenever ----------------- the Company shall issue or sell any shares of its Common Stock for a consideration per share less than the Adjustment Price (as hereinafter defined) in effect immediately prior to the time of such issue or sale, then, forthwith upon such issue or sale, the Adjustment Price shall be reduced to the price (calculated to the nearest cent) determined by dividing (i) an amount equal to the sum of (a) the number of shares of all classes of Common Stock outstanding immediately prior to such issue or sale multiplied by the then existing Adjustment Price, and (b) the consideration, if any, received by the Company upon such issue or sale, by (ii) the total number of shares of Common Stock outstanding immediately after such issue or sale. The Adjustment Price shall be the Warrant Price or, in the case an adjustment of such price has taken place pursuant to the provisions of this Section 6, then the Adjustment Price shall be the price as last adjusted and in effect at the date this Warrant (or any part thereof) is surrendered for exercise (such price or such price as last adjusted, if such price shall have been adjusted, being referred to herein as the "Adjustment Price"). If and whenever the Adjustment Price shall have been adjusted, the Warrant Price shall be forthwith adjusted to the price (calculated to the nearest cent) determined by multiplying the Warrant Price as then in effect by a fraction, the numerator of which shall be the Adjustment Price as so adjusted and the denominator of which shall be the Adjustment Price as in effect immediately prior to such adjustment. No adjustment of the Adjustment Price, however, shall be made in an amount less than $.10 . 10 per share, 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 $.10 . 10 per share or more. For the purposes of this Section 6.1, the following Sections 6.2 to 6.7, inclusive, shall also be applicable: ; except that this Warrant shall be deemed exercised and outstanding for all purposes and computations under this Section 6.1 and the then current Adjustment Price shall be deemed the Warrant Price per share.