Common use of Time of Adjustments to the Warrant Price Clause in Contracts

Time of Adjustments to the Warrant Price. All adjustments to the Warrant Price and the number of shares purchasable hereunder, unless otherwise specified herein, shall be effective as of the earlier of: (i) the date of issue of the security causing the adjustment; (ii) the date of sale of the security causing the adjustment; (iii) the effective date of a division or combination of shares; (iv) the record date of any action of holders of any class of the Company's capital stock taken for the purpose of entitling shareholders to receive a distribution or dividend payable in Common Stock or Common Stock Equivalents, provided that such division, combination, distribution or dividend actually occurs. If the Company shall issue Common Stock Equivalents with different Effective Prices and such Common Stock Equivalents would under this Section 3.10 require adjustments to the Warrant Price on the same day, then the Warrant Price and the number of shares purchasable hereunder shall be adjusted seriatim for each type of Common Stock Equivalent with a different Effective Price, adjusting the Warrant Price and the number of shares purchasable hereunder first for the Common Stock Equivalent with the highest Effective Price, followed by the adjustment for the Common Stock Equivalent with the next highest Effective Price and so on until all adjustments to the Warrant Price and the number of shares purchasable hereunder have been made.