Common use of Treatment of Expired Options and Unexercised Convertible Securities Clause in Contracts

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests acquirable hereunder shall be adjusted to the Exercise Price and the number of units which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 3 contracts

Sources: Warrant Agreement (Sleepmaster LLC), Warrant Agreement (Sleepmaster LLC), Warrant Agreement (Lower Road Associates LLC)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests Shares acquirable hereunder shall be adjusted to the Exercise Price and the number of units shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 3 contracts

Sources: Warrant Issuance Agreement (Par Petroleum Corp/Co), Warrant Issuance Agreement (Cornell Corrections Inc), Warrant Agreement (Ladish Co Inc)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests acquirable hereunder shall will be adjusted to the Exercise Price and the number of units which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, Securities never been issued.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Best Software Inc), Loan and Warrant Purchase Agreement (Best Software Inc)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests acquirable hereunder Shares shall be adjusted to the Exercise Price and the number of units shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 1 contract

Sources: Warrant Agreement (Cti Industries Corp)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case case, without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests Class A Units acquirable hereunder shall be adjusted to the Exercise Price and the number of units which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 1 contract

Sources: Warrant Agreement (McCormick & Schmick Holdings, L.L.C.)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests Shares acquirable hereunder (whether or not then acquirable or subject to a contingency) shall be adjusted to the Exercise Price and the number of units Warrant Shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.had

Appears in 1 contract

Sources: Stock Purchase Agreement (Recovery Equity Investors Ii Lp)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests Shares acquirable hereunder shall be adjusted to the Exercise Price and the number of units shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 1 contract

Sources: Warrant Agreement (Network Communications, Inc.)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case Securities without the exercise of such Option or right, the Exercise Price then in effect and the number of shares of Warrant Interests acquirable hereunder Stock issuable upon exercise of this Warrant shall be adjusted to the Exercise Price and the number of units shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.

Appears in 1 contract

Sources: Note and Warrant Purchase Agreement (Morton Industrial Group Inc)

Treatment of Expired Options and Unexercised Convertible Securities. Upon the expiration of any Option or the termination of any right to convert or exchange any Convertible Securities, in either case without the exercise of such Option or right, the Exercise Price then in effect and the number of Warrant Interests Shares acquirable hereunder (whether or not then acquirable or subject to a contingency) shall be adjusted to the Exercise Price and the number of units Warrant Shares which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination, never been issued.or

Appears in 1 contract

Sources: Investment Agreement (Recovery Equity Investors Ii Lp)