Adjustment Price. Adjustment Price If the number calculated in accordance with the foregoing formula is zero or a negative number, the Holder shall not be obligated to transfer any shares of Common Stock to the Company. On each Vesting Date, the Company shall send a notice to the Holder setting forth in reasonable detail its calculation of the number of Warrant Shares which shall vest and be exercisable on such Vesting Date. Notwithstanding anything to the contrary set forth herein, if, on any Trading Day occurring after the Effectiveness Date during which (1) for the immediately preceding fifteen (15) Trading Days there was an effective Underlying Shares Registration Statement pursuant to which the Holder was permitted to resell Underlying Shares and (2) the average of the Per Share Market Values for the fifteen (15) Trading Days immediately preceding such date equaled or exceeded $25.50 (the "Threshold Price"), then this Warrant shall not vest for any Warrant Shares with respect to any Vesting Date that would occur after the expiration of such fifteen (15) Trading Day period, provided, that the application of this sentence shall have no effect on the vesting of Warrant Shares in respect of a Vesting Date unless all of the Trading Days used to calculate such fifteen (15) Trading Day average occurred prior to the 15th Trading Day immediately preceding such Vesting Date, but shall terminate vesting rights with respect to subsequent Vesting Dates, if any.
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Adjustment Price. Adjustment Price If the number calculated in accordance with the foregoing formula is zero or a negative number, the Holder shall not be obligated to transfer any shares of Common Stock to the Company. On each Vesting Date, the Company shall send a notice to the Holder setting forth in reasonable detail its calculation of the number of Warrant Shares which shall vest and be exercisable on such Vesting Date. Notwithstanding anything to the contrary set forth herein, if, on any Trading Day occurring after the Effectiveness Date during which (1) for the immediately preceding fifteen (15) Trading Days there was an effective Underlying Shares Registration Statement pursuant to which the Holder was permitted to resell Underlying Shares and (2) the average of the Per Share Market Values for the fifteen (15) Trading Days immediately preceding such date equaled or exceeded $25.50 22.50 (the "Threshold Price"), then this Warrant shall not vest for any Warrant Shares with respect to any Vesting Date that would occur after the expiration of such fifteen (15) Trading Day period, provided, that the application of this sentence shall have no effect on the vesting of Warrant Shares in respect of a Vesting Date unless all of the Trading Days used to calculate such fifteen (15) Trading Day average occurred prior to the 15th Trading Day immediately preceding such Vesting Date, but shall terminate vesting rights with respect to subsequent Vesting Dates, if any.
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