Common use of Adjustment in Exercise Price Clause in Contracts

Adjustment in Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 8.1(a), the Exercise Price payable for each Warrant Share immediately prior to such adjustment shall be adjusted (to the nearest cent) by multiplying such Exercise Price by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of each Warrant immediately prior to the Adjustment Event and the denominator of which shall be the number of Warrant Shares purchasable immediately after the Adjustment Event.

Appears in 9 contracts

Samples: Settlement Agreement, Settlement and Release Agreement (Macatawa Bank Corp), Warrant Agreement (Macatawa Bank Corp)

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Adjustment in Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 8.1(a)as provided in this Section, the Exercise Price payable for upon exercise of each Warrant Share shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment shall be adjusted (to the nearest cent) by multiplying such Exercise Price by a fraction, of which the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of each Warrant immediately prior to the Adjustment Event such adjustment, and of which the denominator of which shall be the number of Warrant Shares purchasable immediately after the Adjustment Eventthereafter.

Appears in 2 contracts

Samples: Warrant Agreement (Merit Medical Systems Inc), Warrant Agreement (Cimetrix Inc)

Adjustment in Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 8.1(a)as herein provided, the Exercise Price payable for upon exercise of each Warrant Share immediately prior to such adjustment shall be adjusted (to the nearest cent) by multiplying such Exercise Price by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of each Warrant immediately prior to the Adjustment Event and the denominator of which shall be the number of Warrant Shares purchasable immediately after the Adjustment Event.10

Appears in 1 contract

Samples: Warrant Agreement (Streamlogic Corp)

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Adjustment in Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each this Warrant is adjusted pursuant to Section 8.1(a)as herein provided, the Exercise Price payable for each upon exercise of this Warrant Share immediately prior to such adjustment shall be adjusted (to the nearest cent) by multiplying such Exercise Price by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of each this Warrant immediately prior to the Adjustment Event such adjustment and the denominator of which shall be the number of Warrant Shares purchasable immediately after the Adjustment Eventthereafter.

Appears in 1 contract

Samples: Warrant Agreement (Enlighten Software Solutions Inc)

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