Common use of Adjustment in Number of Common Shares Clause in Contracts

Adjustment in Number of Common Shares. On any adjustment of the Price Adjustment Factor pursuant to sections 6.3, 6.4(a) or 6.5, including any readjustment, the number of Warrant Shares purchasable on exercise of one Warrant will be adjusted, effective at the same time as the adjustment of the Price Adjustment Factor, by multiplying the number of Warrant Shares so purchasable immediately before the adjustment by a fraction which is the reciprocal of the fraction used in the adjustment of the Price Adjustment Factor.

Appears in 5 contracts

Samples: Warrant Indenture (Oragenics Inc), Warrant Indenture (Oragenics Inc), Warrant Indenture (Oragenics Inc)

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Adjustment in Number of Common Shares. On any adjustment of the Price Adjustment Factor pursuant to sections Subsections 6.3, 6.5 or Paragraph 6.4(a) or 6.5), including any readjustment, the number of Warrant Shares purchasable on exercise of one Warrant will be adjusted, effective at the same time as the adjustment of the Price Adjustment Factor, by multiplying the number of Warrant Shares so purchasable immediately before the adjustment by a fraction which is the reciprocal of the fraction used in the adjustment of the Price Adjustment Factor.

Appears in 1 contract

Samples: Warrant Indenture (Eveolution Ventures Inc)

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