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

Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in Section 6.2 hereof, the Holder shall thereafter be entitled to purchase upon the exercise of the Warrant, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock transferable on the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

Appears in 3 contracts

Samples: Warrant Agreement (Avnet Inc), Warrant Agreement (Western Micro Technology Inc /De), Warrant Agreement (Western Micro Technology Inc /De)

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Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in Section 6.2 6 hereof, the Warrant Holder shall thereafter be entitled to purchase upon the exercise of the WarrantWarrants, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (calculated to the nearest 1/100th of a share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock transferable issuable on the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Canpartners Inc), Warrant Agreement (Uti Energy Corp)

Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in Section 6.2 hereof5.1 or in this Section 5.2, the Holder Warrantholder shall thereafter be entitled to purchase upon the exercise of the Warrantpurchase, at the Exercise Price resulting from such the adjustment, the number of shares of Common Stock (calculated to the nearest 1/100th of a share) obtained by multiplying the Exercise Price in effect immediately prior to such before the adjustment by the number of shares of Common Stock transferable on purchasable hereunder immediately before the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such the adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Triad Medical Inc), Warrant Agreement (Triad Medical Inc)

Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in Section 6.2 hereofsubparagraph (d)(i) above, the Holder shall thereafter be entitled to purchase upon the exercise of the Warrantpurchase, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (calculated to the nearest 1/100th of a share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock transferable on the exercise hereof purchasable hereunder immediately prior to such adjustment adjustment, and dividing the product thereof by the Exercise Price resulting from such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Nu Kote Holding Inc /De/)

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Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in this Section 6.2 hereof6.1 or in Section 6.2, the Holder Warrantholder shall thereafter be entitled to purchase upon the exercise of the Warrantpurchase, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (rounded up to the nearest whole share obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock transferable on the exercise hereof purchasable hereunder immediately prior to such adjustment and dividing the product thereof by by- the Exercise Price resulting from such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Northern Way Resources, Inc.)

Adjustment of Number of Shares Purchasable. Upon any adjustment of the Exercise Price as provided in Section 6.2 hereofSECTION 8.2, the Holder holder hereof shall thereafter be entitled to purchase upon the exercise of the Warrantpurchase, at the Exercise Price resulting from such adjustment, the number of shares of Common Stock (calculated to the nearest full share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock transferable on the exercise hereof purchasable hereunder immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (WMF Group LTD)

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