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

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, (i) the number of shares issuable upon exercise of the Warrant, in whole or in part, shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of other securities referred to in Section 5(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 13 contracts

Samples: Warrant Agreement (Tibet Pharmaceuticals, Inc.), Warrant Agreement (China Yuan Hong Fire Control Group Holdings LTD), Warrant Agreement (Tai Shan Communications, Inc.)

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Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of other securities referred to in Section 5(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 12 contracts

Samples: Warrant Agreement (Commonwealth Biotechnologies Inc), Warrant Agreement (Commonwealth Biotechnologies Inc), Warrant Agreement (Commonwealth Biotechnologies Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise exercise Price under this Section 56, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of or other securities referred to in Section 5(a6(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a6(a).

Appears in 5 contracts

Samples: Warrant Agreement (Lorecom Technologies Inc), Warrant Agreement (Lorecom Technologies Inc), Warrant Agreement (Grand Adventures Tour & Travel Publishing Corp)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, (i) the number of ordinary shares issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of ordinary shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of ordinary shares of other securities referred to in Section 5(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 3 contracts

Samples: Warrant Agreement (eFuture Information Technology Inc.), Warrant Agreement (eFuture Information Technology Inc.), Warrant Agreement (eFuture Information Technology Inc.)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 56, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of other securities referred to in Section 5(a6(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a6(a).

Appears in 3 contracts

Samples: Warrant Agreement (Talisman Enterprise Inc), Warrant Agreement (Zymetx Inc), Warrant Agreement (Talisman Enterprise Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, (i) the number of common shares issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of common shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of common shares of other securities referred to in Section 5(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 1 contract

Samples: Warrant Agreement (China Hospitals Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, (i) the number of shares Common Shares issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of or other securities referred to in Section 5(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 1 contract

Samples: Warrant Agreement (Hersha Hospitality Trust)

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Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 54, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, adjustment multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of or other securities referred to in Section 5(a) 4.1 that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a)4.1.

Appears in 1 contract

Samples: Agreement for License and Purchase of Technology (Spacedev Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 5, : (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, ; and (ii) upon exercise of the Warrant, the holder Warrant Holder will be entitled to receive the number of shares of other securities referred to in Section 5(a) that such holder Warrant Holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a).

Appears in 1 contract

Samples: Warrant Agreement (Horizon Pharmacies Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise exercise Price under this Section 56, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of other securities referred to in Section 5(a6(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a6(a).

Appears in 1 contract

Samples: Warrant Agreement (Cd Warehouse Inc)

Adjustment of Number of Shares Purchasable. When any adjustment is required to be made in the Exercise Price under this Section 53, (i) the number of shares of Common Stock issuable upon exercise of the Warrant, in whole or in part, Warrants shall be changed (upward to the nearest full share) to the number of shares determined by dividing (x) an amount equal to the number of shares issuable pursuant to the exercise of the Warrant Warrants immediately prior to the adjustment, multiplied by the Exercise Price in effect immediately prior to the adjustment, by (y) the Exercise Price in effect immediately after such adjustment, and (ii) upon exercise of the Warrant, the holder will be entitled to receive the number of shares of other securities referred to in Section 5(a3(a) that such holder would have received had the Warrant been exercised prior to the events referred to in Section 5(a3(a).

Appears in 1 contract

Samples: Domain Registrar Project Completion Agreement (Fullnet Communications Inc)

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