Common use of Voluntary Adjustment Clause in Contracts

Voluntary Adjustment. The Company from time to time may, as the Board of Directors deems appropriate, increase the Exercise Rate by any amount for any period of time if the period is at least 20 days and if the increase is irrevocable during the period. Whenever the Exercise Rate is increased, the Company shall mail to Warrant holders a notice of the increase. The Company shall mail the notice at least 15 days before the date the increased Exercise Rate takes effect. The notice shall state the increased Exercise Rate and the period it will be in effect. An increase of the Exercise Rate pursuant to this Section 13(i), other than an increase which the Company has irrevocably committed will be in effect for so long as any Warrants are outstanding, does not change or adjust the Exercise Rate otherwise in effect for purposes of subsections (a), (b) or (c) of this Section 13.