Common use of Weighted Average Adjustment Clause in Contracts

Weighted Average Adjustment. The applicable Special Warrant Price (determined pursuant to Section 3.4(c)(i)(B) or (C)) shall be determined by multiplying the Warrant Price immediately prior to the Issue by a fraction (rounded to the 4th decimal place), (A) the numerator of which is the number of shares of Common Stock outstanding immediately before such Issue plus the number of shares of Common Stock that the aggregate consideration received by the Company for the Additional Common Shares would purchase at the Warrant Price in effect immediately before such Issue; (B) the denominator of which is the number of shares of Common Stock outstanding immediately before such Issue plus the number of such Additional Common Shares.

Appears in 2 contracts

Sources: Debenture and Warrant Purchase Agreement, Debenture and Warrant Purchase Agreement (Iteris Holdings Inc)

Weighted Average Adjustment. The applicable Special Warrant Conversion Price (determined pursuant to Section 3.4(c)(i)(B5(c)(iii)(1)(B) or (C)) shall be determined by multiplying the Warrant Conversion Price immediately prior to the Issue by a fraction (rounded to the 4th decimal place), (A) the numerator of which is the number of shares of Class A Common Stock outstanding immediately before such Issue plus the number of shares of Class A Common Stock that the aggregate consideration received by the Company for the Additional Common Shares would purchase at the Warrant Conversion Price in effect immediately before such Issue; (B) the denominator of which is the number of shares of Class A Common Stock outstanding immediately before such Issue plus the number of such Additional Common Shares.

Appears in 2 contracts

Sources: Debenture and Warrant Purchase Agreement, Debenture and Warrant Purchase Agreement (Iteris Holdings Inc)