Common use of Changes in Options and Convertible Securities Clause in Contracts

Changes in Options and Convertible Securities. If (1) the issue, sale or gran▇ ▇▇▇▇▇ ▇▇ any Common Stock referred to in Section 4(d), (2) the exercise price provided for in any Options referred to in Section 4(d) or 4(g) above, (3) the additional consideration, if any, payable upon the conversion or exchange of any Convertible Securities referred to in Section 4(d) above, or (4) the rate at which any Convertible Securities referred to in Section 4(d) above are convertible into or exchangeable for Common Stock, shall change at any time to a price that is less than the Current Market Value thereof as of the Issuance Date thereof, then the Company shall make the offer to holders of the Warrants as required by Section 4(d) above promptly following such change.