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

Adjustment in Number of Warrant Shares. Whenever the Exercise Price payable upon exercise of a Warrant is adjusted pursuant to this Section 6(c), the Warrant Shares issuable on exercise of the Warrant shall simultaneously be adjusted by multiplying the number of the Warrant Shares issuable upon exercise of the Warrant immediately prior to such event by the Exercise Price in effect on the date thereof and dividing the product so obtained by the Exercise Price, as adjusted.

Appears in 8 contracts

Samples: Warrant Agreement (U S Liquids Inc), Warrant Agreement (U S Liquids Inc), Warrant Agreement (U S Liquids Inc)

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Adjustment in Number of Warrant Shares. Whenever Upon each adjustment of the Exercise Price payable upon exercise of a Warrant is adjusted pursuant to the provisions of this Section 6(c)Paragraph 4, the Warrant Shares issuable on exercise of the Warrant shall simultaneously be adjusted by multiplying the number of the Warrant Shares issuable upon exercise of this Warrant shall be adjusted 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 this Warrant immediately prior to such event by the Exercise Price in effect on the date thereof adjustment and dividing the product so obtained by the adjusted Exercise Price, as adjusted.

Appears in 6 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (Adial Pharmaceuticals, Inc.), Securities Purchase Agreement (Adial Pharmaceuticals, Inc.)

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Adjustment in Number of Warrant Shares. Whenever Upon each adjustment of the Exercise Price payable upon exercise of a Warrant is adjusted pursuant to the provisions of this Section 6(c)Article 7, the number of Warrant Shares issuable on upon the exercise of the Warrant shall simultaneously be adjusted to the nearest full Warrant Share by multiplying a number equal to the Exercise Price in effect immediately prior to such adjustment by the number of the Warrant Shares issuable upon exercise of the Warrant immediately prior to such event by the Exercise Price in effect on the date thereof adjustment and dividing the product so obtained by the adjusted Exercise Price, as adjusted.

Appears in 5 contracts

Samples: Warrant Agreement (Phase Out of America Inc), Warrant Agreement (Accumed International Inc), Warrant Agreement (Accumed International Inc)

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