Common use of Adjustment of Exercise Price Clause in Contracts

Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i), the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 19 contracts

Samples: Warrant Agreement (Torchlight Energy Resources Inc), Securities Purchase Agreement (Co-Diagnostics, Inc.), Securities Purchase Agreement (Co-Diagnostics, Inc.)

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Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each the Warrant is adjusted pursuant to Section 7(a)(i)adjusted, the Exercise Price for each with respect to the Warrant Share payable upon exercise of each Warrant Shares shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of shares of Common Stock Warrant Shares purchasable upon the exercise of each the Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of shares of Common Stock Warrant Shares so purchasable immediately thereafter.

Appears in 9 contracts

Samples: License, Development and Engineering Agreement (American Sands Energy Corp.), Warrant Agreement (Alliqua, Inc.), Warrant Agreement (Alliqua, Inc.)

Adjustment of Exercise Price. Whenever the number of Warrant Shares shares of Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i)2A(1) of this Warrant Agreement, the Exercise Price for each Warrant Share share of Common Stock payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 8 contracts

Samples: Securities Purchase Agreement (C T Holdings Inc), Warrant Agreement (A.C.T. Holdings, Inc.), Warrant Agreement (A.C.T. Holdings, Inc.)

Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i)adjusted, as herein provided, the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of shares of Common Stock Warrant Shares purchasable upon the exercise of each Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of shares of Common Stock Warrant Shares so purchasable immediately thereafter.

Appears in 3 contracts

Samples: Note Exchange Agreement (Dvi Inc), Note Exchange Agreement (Dvi Inc), Warrant Agreement (Hanover Compressor Co)

Adjustment of Exercise Price. Whenever the number of ------------------------------- Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i), the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 3 contracts

Samples: Warrant Agreement (Petrosearch Energy Corp), Warrant Agreement (Petrosearch Energy Corp), Warrant Agreement (Petrosearch Energy Corp)

Adjustment of Exercise Price. Whenever the number of Warrant Shares shares of Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(iSections 2A(1) and 2A(2), the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares share of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 3 contracts

Samples: Assignment of Working Interest (2u Online Com Inc), Warrant Agreement (Asdar Group Inc), Warrant Agreement (Asdar Group Inc)

Adjustment of Exercise Price. Whenever the number of Warrant Shares shares of Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i)2A, the Exercise Price for each Warrant Share share of Common Stock payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 2 contracts

Samples: Secured Convertible Debenture Purchase Agreement (Lexington Energy Services Inc.), Secured Convertible Debenture Purchase Agreement (Lexington Energy Services Inc.)

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Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each a Warrant is adjusted pursuant to Section 7(a)(i)adjusted, as herein provided, the Exercise Price payable for each Warrant Share payable upon exercise of each a Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of shares of Common Stock Warrant Shares purchasable upon the exercise of each a Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of shares Warrant Shares purchasable upon the exercise of Common Stock so purchasable a Warrant immediately thereafter.

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Biotime Inc), Stock and Warrant Purchase Agreement (Biotime Inc)

Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each this Warrant is adjusted pursuant to Section 7(a)(i)as herein provided, the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such the Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of shares of Common Stock Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Endorex Corp)

Adjustment of Exercise Price. Whenever the number of Warrant Shares shares of -------------------------------- Common Stock purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i2A(1), the Exercise Price for each Warrant Share share of Common Stock payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of each Warrant immediately prior to such adjustment, and the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Environmental Safeguards Inc/Tx)

Adjustment of Exercise Price. Whenever the number of Warrant Shares purchasable upon the exercise of each Warrant is adjusted pursuant to Section 7(a)(i)adjusted, as provided above, the Exercise Price for each Warrant Share payable upon exercise of each Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator of which shall be the number of shares of Common Stock Warrant Shares purchasable upon the exercise of each Warrant immediately prior to such adjustment, and of which the denominator of which shall be the number of shares of Common Stock Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Global Casinos Inc)

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