Common use of Adjustment in Number of Shares Clause in Contracts

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 8, the number of Shares issuable upon the exercise of each Warrant shall be adjusted to the nearest full Share, by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 8 contracts

Samples: Warrant Agreement (National Lampoon Inc), Warrant Agreement (Intelli Check Inc), Warrant Agreement (Integcom Corp)

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Adjustment in Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price pursuant to the provisions of this Article 8, the number of Shares issuable upon the exercise of each Warrant shall be adjusted to the nearest full Share, number by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Litronic Inc), Warrant Agreement (Litronic Inc)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article Section 8, the number of Shares issuable upon the exercise of each Warrant the Warrants shall be adjusted to the nearest full Share, amount by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Netradio Corp), Warrant Agreement (Net Radio Corp)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 8, the number of Shares issuable upon the exercise of each Warrant shall be adjusted to the nearest full Share, Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.. 8.3

Appears in 1 contract

Samples: Warrant Agreement (Organik Technologies Inc)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 8Section 7, the number of Warrant Shares issuable upon the exercise of each Warrant the Warrants shall be adjusted to the nearest full Share, amount by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Smartserv Online Inc)

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Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 87, the number of Shares issuable upon the exercise of each Warrant shall be adjusted to the nearest next highest full Share, number by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Ediets Com Inc)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 8PARAGRAPH 7, the number of Shares issuable upon the exercise of each Warrant shall be adjusted to the nearest full Share, share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 1 contract

Samples: Placement Agent Agreement (Fiberchem Inc)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Article 8Section 5, the number of Warrant Shares issuable upon the exercise of each this Warrant shall be adjusted to the nearest full Share, by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares issuable upon exercise of the Warrants this Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price, and by then rounding to the nearest whole share.

Appears in 1 contract

Samples: Fiberstars Inc /Ca/

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