Common use of Adjustments of Exercise Price and Number of Shares Clause in Contracts

Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows: (a) If the Company (i) declares a dividend on its Class A Common Stock in shares of Class A Common Stock or makes a distribution in shares of Class A Common Stock, (ii) subdivides its outstanding shares of Class A Common Stock, (iii) combines its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock or (iv) issues by reclassification of its shares of Class A Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event

Appears in 1 contract

Sources: Warrant Agreement (Jaymark Inc)

Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows: (a) If the Company (i) declares a dividend on its Class A Common Stock in shares of Class A Common Stock or makes a distribution in shares of Class A Common Stock, (ii) subdivides its outstanding shares of Class A Common Stock, (iii) combines its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock or (iv) issues by reclassification of its shares of Class A Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such eventexercised

Appears in 1 contract

Sources: Warrant Agreement (Jaymark Inc)

Adjustments of Exercise Price and Number of Shares. The Exercise Per Share Warrant Price and the number and kind of securities issuable upon exercise of each this Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows:" (a) "A. If the Company (i) declares a dividend on its Class A Common Stock in shares of Class A Common Stock or makes a distribution to all holders of its Common Stock in shares of Class A Common StockStock without charge to such holders, (ii) subdivides its outstanding shares of Class A Common Stock, (iii) combines its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock or (iv) issues by reclassification of its shares of Class A Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity, but excluding those referred to in paragraph (b) below), the number and kind of Shares shares of Common Stock purchasable upon exercise of each this Warrant immediately prior thereto shall be adjusted so that the Holder of each this Warrant shall be entitled to receive the kind and number of Shares shares of Common Stock or other securities of the Company which he such Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. Such adjustment shall be made whenever any of the events listed above shall occur. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event retroactive to immediately after the record date, if any, for such event."

Appears in 1 contract

Sources: Warrant Agreement (Somanetics Corp)

Adjustments of Exercise Price and Number of Shares. The Exercise Price and the number and kind of securities issuable upon exercise of each Warrant shall be subject to adjustment from time to time upon the happening of certain events, as follows: (a) If the Company (i) declares a dividend on its Class A Common Stock in shares of Class A Common Stock or makes a distribution in shares of Class A Common Stock, (ii) subdivides its outstanding shares of Class A Common Stock, (iii) combines its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock or (iv) issues by reclassification of its shares of Class A Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the surviving entity), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the Holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which he would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of such event retroactive to immediately after the record date, if any, for such event.

Appears in 1 contract

Sources: Warrant Agreement (Canyon Resources Corp)