Adjustment of Number of Shares Purchasable on Exercise of Warrants. Upon each adjustment of the Exercise Price pursuant to Section 3.1, the registered holder of each Warrant shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Exercise Price the number of shares, calculated to the nearest full share, obtained by multiplying the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Exercise Price in effect prior to such adjustment) by the Exercise Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.
Appears in 12 contracts
Samples: Warrant Agreement (Angeion Corp/Mn), Warrant Agreement (PPT Vision Inc), Warrant Agreement (Wits Basin Precious Minerals Inc)
Adjustment of Number of Shares Purchasable on Exercise of Warrants. Upon each adjustment of the Exercise Price pursuant to Section 3.1this Section, the registered holder of each Warrant Holder shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Exercise Price the number of shares, calculated to the nearest full share, obtained by multiplying the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Exercise Price in effect prior to such adjustment) by the Exercise Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.
Appears in 4 contracts
Samples: Agreement of Exchange (El Capitan Precious Metals Inc), Note and Warrant Purchase Agreement (El Capitan Precious Metals Inc), Agreement Among Guarantors (Cafe Odyssey Inc)
Adjustment of Number of Shares Purchasable on Exercise of Warrants. Upon each adjustment of the Exercise Price pursuant to Section 3.1this Section, the registered holder of each Warrant Holder shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Exercise Price the number of sharesCommon Shares, calculated to the nearest full share, obtained by multiplying the number of shares Common Shares specified in such Warrant (as adjusted as a result of all adjustments in the Exercise Price in effect prior to such adjustment) by the Exercise Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.
Appears in 2 contracts
Samples: Subscription Agreement (Zim Corp), Warrant Agreement (Zim Corp)
Adjustment of Number of Shares Purchasable on Exercise of Warrants. Upon each adjustment of the Exercise Price pursuant to Section 3.13.1 above, the registered holder of each Warrant shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Exercise Price the number of shares, calculated to the nearest full share, obtained by multiplying the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Exercise Price in effect prior to such adjustment) by the Exercise Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.
Appears in 1 contract