Common use of No Adjustment of Exercise Price Clause in Contracts

No Adjustment of Exercise Price. No adjustment shall be made to the applicable Exercise Price or number of Warrant Shares issuable upon exercise of this Warrant pursuant to this Section 10: (i) if prior to such issuance, the Company receives written notice from the Senior Majority agreeing that no such adjustment shall be made as the result of the issuance of such Additional Shares of Common Stock; or (ii) after the initial public offering of the Common Stock.

Appears in 2 contracts

Sources: Warrant Agreement (Rib X Pharmaceuticals Inc), Warrant Agreement (Rib X Pharmaceuticals Inc)

No Adjustment of Exercise Price. No adjustment shall be made to the applicable Exercise Price or number of Warrant Shares issuable upon exercise of this Warrant pursuant to this Section 10: (i) if prior to such issuance, the Company receives written notice from the Senior Subordinated Majority agreeing that no such adjustment shall be made as the result of the issuance of such Additional Shares of Common Stock; or (ii) after the initial public offering of the Common Stock.

Appears in 2 contracts

Sources: Warrant Agreement (Rib X Pharmaceuticals Inc), Warrant Agreement (Rib X Pharmaceuticals Inc)

No Adjustment of Exercise Price. No adjustment shall be made to the applicable Exercise Price or number of Warrant Shares issuable upon exercise of this Warrant pursuant to this Section 10: 10 (i) if prior to such issuance, the Company receives written notice from the Senior Majority Noteholders agreeing that no such adjustment shall be made as the result of the issuance of such Additional Shares of Common Stock; or Stock or (ii) after the initial public offering of the Common Stock.

Appears in 2 contracts

Sources: Warrant Agreement (Rib X Pharmaceuticals Inc), Warrant Agreement (Rib X Pharmaceuticals Inc)