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Common use of Adjustment of Number of Shares Clause in Contracts

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to this Section 5, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 7 contracts

Samples: Warrant to Purchase Shares of Series B Preferred Stock (3dfx Interactive Inc), Warrant Agreement (3dfx Interactive Inc), Warrant Agreement (3dfx Interactive Inc)

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Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to any provision of this Section 56, the number of Common Shares issuable upon exercise of this purchasable hereunder at the Warrant Price shall be adjusted adjusted, to the nearest one hundredth of a whole share, to the product obtained by multiplying the such number of Common Shares issuable purchasable immediately prior to such adjustment in the Warrant Price by a fraction (i) fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment, adjustment and (ii) the denominator of which shall be the Warrant Price immediately after such adjustmentthereafter.

Appears in 7 contracts

Samples: Warrant Agreement (Annuity & Life Re Holdings LTD), Warrant Agreement (Global Markets Access LTD), Warrant Agreement (Global Markets Access LTD)

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to this Section 55(b) or 5(c) above, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 4 contracts

Samples: Warrant Agreement (Aviron), Warrant Agreement (Aviron), Warrant Agreement (Medimmune Inc /De)

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to subsection 5.2 of this Section Article 5, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 3 contracts

Samples: Warrant Agreement (First Virtual Corp), Warrant Agreement (Goodrich Petroleum Corp), Warrant Agreement (Goodrich Petroleum Corp)

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to this Section 56, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Advanced Uroscience Inc), Underwriters' Warrant (Ault Inc)

Adjustment of Number of Shares. Upon each adjustment in the ------------------------------ Warrant Price pursuant to this Section Article 5, other than adjustments made pursuant to subsection 5.2.4, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustmentadjust ment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cooper Development Co)

Adjustment of Number of Shares. Upon each adjustment in the ------------------------------ Warrant Price pursuant to this Section 5, the number of Shares issuable upon exercise of this Warrant warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Sonic Solutions/Ca/)

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Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to this Section 5, but excluding adjustments pursuant to subsection B. 4 of this Section 5, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (3dfx Interactive Inc)

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price pursuant to this Section 55.1 (b) or (c), the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 1 contract

Samples: Warrant Agreement (Sled Dogs Co)

Adjustment of Number of Shares. Upon each adjustment in the ------------------------------ Warrant Price pursuant to this Section Article 5, other than adjustments made pursuant to subsection 5.2.4, the number of Shares issuable upon exercise of this Warrant shall be adjusted to the product obtained by multiplying the number of Shares issuable immediately prior to such adjustment in the Warrant Price by a fraction (i) the numerator of which shall be the Warrant Price immediately prior to such adjustment, and (ii) the denominator of which shall be the Warrant Price immediately after such adjustment.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cooper Development Co)

Adjustment of Number of Shares. Upon each adjustment in of the Warrant Price pursuant to this as provided in Section 5, the number of Shares issuable upon exercise holder of this Warrant shall thereafter be adjusted entitled to purchase, at the product Warrant Price resulting from such adjustment, the number of shares obtained by multiplying the number of Shares issuable Warrant Price in effect immediately prior to such adjustment in by the Warrant Price by a fraction (i) the numerator number of which shall be the Warrant Price shares purchasable pursuant hereto immediately prior to such adjustment, adjustment and (ii) dividing the denominator of which shall be product thereof by the Warrant Price immediately after resulting from such adjustment.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Website Pros Inc)

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