Common use of Adjustment of Number of Shares Purchasable on Exercise of Warrants Clause in Contracts

Adjustment of Number of Shares Purchasable on Exercise of Warrants. Upon each adjustment of the Purchase Price pursuant to Section 3.1 above, the registered holder of each Warrant shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Purchase 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 Purchase Price in effect prior to such adjustment) by the Purchase Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Purchase Price.