Common use of Adjustment in Number of Units Clause in Contracts

Adjustment in Number of Units. Upon each adjustment of the Exercise Price pursuant to the provisions of this Section 4, the number of Units issuable upon exercise of this Warrant at each such Exercise Price shall be adjusted by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Units issuable upon exercise of this Warrant at such Exercise Price immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Qsound Labs Inc), Warrant Agreement (Qsound Labs Inc)

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Adjustment in Number of Units. Upon each adjustment of the Exercise Price pursuant to the provisions of this Section 4Article 8, the number of Units issuable upon the exercise of this each Warrant at each such Exercise Price shall be adjusted to the nearest full number of Units by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of Units issuable upon exercise of this Warrant at such Exercise Price 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 (Delcath Systems Inc), Warrant Agreement (Delcath Systems Inc)

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Adjustment in Number of Units. Upon each adjustment of Whenever the Exercise Price ----------------------------- payable upon exercise of each Warrant is adjusted pursuant to the provisions of this Section 44 of ---------- this Warrant, the number of Units Shares purchasable upon exercise of each Warrant must simultaneously be adjusted by multiplying the number of Shares issuable upon exercise of this each Warrant at each such Exercise Price shall be adjusted in effect on the date thereof by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by on the number of Units issuable upon exercise of this Warrant at such Exercise Price immediately prior to such adjustment date thereof and dividing the product so obtained by the adjusted Exercise Price, as adjusted.

Appears in 1 contract

Samples: Warrant Agreement (Master Graphics Inc)

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