Reduction in Exercise Price. at Company's Option. In addition to any adjustments made to the Exercise Price pursuant to Section 8, the Company's Board of Directors may, at its sole discretion, reduce the Exercise Price of the Warrants in effect at any time either for the life of the Warrants or any shorter period of time determined by the Company's Board of Directors. The Company shall promptly notify the Warrant Agent and the Registered Holders of any such reductions in the Exercise Price.
Appears in 2 contracts
Sources: Warrant Agreement (Western Country Clubs Inc), Warrant Agreement (Western Country Clubs Inc)