Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be eighty-five percent (85%) of the per share Market Price of the Common Stock on the exercise date, per Warrant Share. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 hereof."
Appears in 3 contracts
Sources: Warrant Amendment (American Card Technology Inc), Warrant Amendment (American Card Technology Inc), Warrant Amendment (American Card Technology Inc)
Initial and Adjusted Exercise Price. The Except as otherwise provided in SECTION 8 hereof, the initial exercise price of each Warrant shall be eighty-five percent (85%) $____ [120% of the initial public offering price] per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 SECTION 8 hereof."
Appears in 3 contracts
Sources: Representative's Warrant Agreement (Toymax International Inc), Representative's Warrant Agreement (Perficient Inc), Representative's Warrant Agreement (Leading Edge Packaging Inc)
Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be eighty-five percent (85%) $____ per Share [165% of the initial public offering price per share Market Price of the Common Stock on the exercise date, per Warrant Share]. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 Section 8 hereof."
Appears in 2 contracts
Sources: Representative's Warrant Agreement (Cumetrix Data Systems Corp), Underwriters' Warrant Agreement (Cumetrix Data Systems Corp)
Initial and Adjusted Exercise Price. The initial exercise ----------------------------------- price of each Warrant shall be eighty-five percent (85%) $____ per Share [165% of the per share Market Price initial offering price of the Common Stock on the exercise date, per Warrant ShareStock]. The adjusted exercise price per Share shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 8 hereof."
Appears in 1 contract
Sources: Warrant Agreement (Litronic Inc)
Initial and Adjusted Exercise Price. The Except as otherwise provided in SECTION 8 hereof, the initial exercise price of each Warrant shall be eighty-five percent (85%) $____ [145% of the initial public offering price] per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 SECTION 8 hereof."
Appears in 1 contract
Initial and Adjusted Exercise Price. The Except as otherwise provided in SECTION 8 hereof, the initial exercise price of each Warrant shall be eighty-five percent (85%) $____ per share [120% of the initial public offering price per share Market Price share] of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 SECTION 8 hereof."
Appears in 1 contract
Initial and Adjusted Exercise Price. The Except as otherwise provided ----------------------------------- in Section 8 hereof, the initial exercise price of each Warrant shall be eighty-five percent (85%) of the $6.35 per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 Section 8 hereof."
Appears in 1 contract
Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant the Warrants shall be eighty-five percent (85%) of the $____ [120% OF THE INITIAL PUBLIC OFFERING PRICE] per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 Section 8 hereof."
Appears in 1 contract
Sources: Warrant Agreement (Net Radio Corp)
Initial and Adjusted Exercise Price. The initial exercise price of each ----------------------------------- Warrant shall be eighty-five percent $______ per Security (85%) being 125% of the per share Market Price average closing bid and ask prices of the Common Stock on during the exercise date, per Warrant Share20 trading days ending two days prior to the date hereof). The adjusted exercise price shall be the price which shall result adjusted from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 8 hereof."
Appears in 1 contract
Sources: Warrant Agreement (Unidigital Inc)
Initial and Adjusted Exercise Price. The Warrant's initial exercise price of each per Warrant Share shall be eighty-five the amount equal to [one hundred ten percent (85110%) of the per share Market Price offering price of the Common Stock on Series B Preferred Stock] (the exercise date, per Warrant Share"Exercise Price"). The adjusted exercise price Exercise Price per Warrant Share shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 hereof8 thereof. The term "Exercise Price" herein shall mean the initial exercise price or the adjusted exercise price, depending upon the context."
Appears in 1 contract
Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each the Warrant shall be eighty-five percent (85%) $____ [120% of the initial public offering price] per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article Section 8 hereof. Any transfer of the Warrant shall constitute an automatic transfer and assignment of the registration rights set forth in Section 7 hereofhereof with respect to the Securities or other securities, properties or rights underlying the Warrant."
Appears in 1 contract
Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be eighty-five percent (85%) of the $[____] per share Market Price of the Common Stock on the exercise date, Share and $[____] per Warrant ShareUnderlying Warrant. The adjusted exercise price per Share and the adjusted exercise price per Underlying Warrant shall be the price prices which shall result from time to time from any and all adjustments of the initial exercise price per Share or per Underlying Warrant, as the case may be, in accordance with the provisions of Article 7 8 hereof."
Appears in 1 contract
Sources: Underwriter's Warrant Agreement (Viper Motorcycle Co)
Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant the Warrants shall be eighty-five percent (85%) of the $__________ [120% OF THE INITIAL PUBLIC OFFERING PRICE] per share Market Price of the Common Stock on the exercise date, per Warrant ShareStock. The adjusted exercise price shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 Section 8 hereof."
Appears in 1 contract
Sources: Warrant Agreement (Netradio Corp)
Initial and Adjusted Exercise Price. The initial exercise ----------------------------------- price of each Warrant shall be eighty-five percent (85%) $____ per Share [165% of the per share Market Price initial offering price of the Common Stock on the exercise date, per Warrant SharePublic Shares]. The adjusted exercise price per Share shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 7 8 hereof."
Appears in 1 contract
Sources: Warrant Agreement (Litronic Inc)