Common use of Adjustment of Number of Shares Issuable Pursuant to Warrants Clause in Contracts

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any calculations made pursuant to Section 4.2, Section 4.3 or Section 4.4, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)) obtained by multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (a) the Purchase Price in effect immediately prior to such adjustment, divided by (b) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 2 contracts

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

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Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any the calculations made pursuant to in this Section 4.2, Section 4.3 or Section 4.44.1, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)one thousandth) obtained by multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (ai) the Purchase Price in effect immediately prior to such adjustment, divided by (bii) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 2 contracts

Samples: Warrant Agreement (Cerplex Group Inc), Warrant Agreement (Cerplex Group Inc)

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any the calculations made pursuant to in this Section 4.2, Section 4.3 or Section 4.44, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)) obtained by (i) multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (a) the Purchase Price in effect immediately prior to such adjustment, divided by adjustment and (bii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such Irrespective of any adjustment shall be valid and binding or change in the Purchase Price or the number of shares of Common Stock issuable upon the Company and the holders exercise of Warrants irrespective of whether Warrants, the Warrant Certificates theretofore and thereafter issued may continue to express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 1 contract

Samples: Warrant Agreement (Paula Financial)

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any the calculations made pursuant to in this Section 4.2, Section 4.3 or Section 4.44.1, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Voting Common Stock (calculated to the nearest one-hundredth (.01)) obtained by multiplying the number of shares of Voting Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (ai) the Purchase Price in effect immediately prior to such adjustment, divided by (bii) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Voting Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Voting Common Stock and the number of shares of Voting Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.,

Appears in 1 contract

Samples: Warrant Agreement (Usi Holdings Corp)

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any calculations made pursuant to Section 4.2, Section 4.3 4.3, Section 4.4, Section 4.5 or Section 4.44.13, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)share) obtained by multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (a) the Purchase Price in effect immediately prior to such adjustment, divided by (b) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 1 contract

Samples: Warrant Agreement (Fresh America Corp)

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Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any calculations made pursuant to Section 4.20, Section 4.3 0, Section 0, Section 0 or Section 4.40, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)share) obtained by multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (a) the Purchase Price in effect immediately prior to such adjustment, divided byDIVIDED BY (b) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 1 contract

Samples: Warrant Agreement (Fresh America Corp)

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any the calculations made pursuant to in this Section 4.2, Section 4.3 or Section 4.44.1, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Class B Common Stock (calculated to the nearest one-hundredth (.01)) obtained by multiplying the number of shares of Class B Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (ai) the Purchase Price in effect immediately prior to such adjustment, divided by (bii) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Class B Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Class B Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 1 contract

Samples: Warrant Agreement (Hutchinson Products Corp)

Adjustment of Number of Shares Issuable Pursuant to Warrants. Upon each adjustment of the Purchase Price as a result of any calculations made pursuant to Section 4.2, Section 4.3 4.3, Section 4.4, Section 4.5 or Section 4.44.12, each Warrant outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of shares of Common Stock (calculated to the nearest one-hundredth (.01)share) obtained by multiplying the number of shares of Common Stock covered by such Warrant immediately prior to such adjustment by the quotient of: (a) the Purchase Price in effect immediately prior to such adjustment, divided by (b) the Purchase Price in effect immediately after such adjustment. All Warrants originally issued by the Company hereunder shall, subsequent to any adjustment made to the Purchase Price hereunder, evidence the right to purchase, at the adjusted Purchase Price, the number of shares of Common Stock determined to be purchasable from time to time hereunder upon exercise of such Warrants, all subject to further adjustment as provided herein. Each such adjustment shall be valid and binding upon the Company and the holders of Warrants irrespective of whether the Warrant Certificates theretofore and thereafter issued express the Purchase Price per share of Common Stock and the number of shares of Common Stock that were expressed upon the initial Warrant Certificates issued hereunder.

Appears in 1 contract

Samples: Warrant Agreement (Suprema Specialties Inc)

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