Common use of Other Action Affecting Common Stock Clause in Contracts

Other Action Affecting Common Stock. If at any time or from time to time the Issuer shall take any action affecting its Common Stock, other than any action described in this Section 4, then, unless such action will not have an adverse effect upon the Holder's rights, the number of shares of Warrant Stock issuable upon exercise of this Warrant and the Exercise Price shall be adjusted in such manner and at such time as the Board shall in good faith determine (such determination to be reasonably acceptable to the Majority Holders) to be equitable in the circumstances, but no such adjustment shall decrease the number of shares of Warrant Stock issuable upon exercise of this Warrant or increase the Exercise Price.

Appears in 10 contracts

Sources: Warrant Agreement (Safety 1st Inc), Securities Purchase Agreement (La Petite Academy Inc), Warrant Agreement (Bear Stearns & Co Inc /Ny/)