Common use of Adjustment of Number of Shares Clause in Contracts

Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section 6.1 other than pursuant to Subsection 6.1(d) hereof, this Warrant shall thereupon evidence the right to purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in effect immediately after such adjustment.

Appears in 7 contracts

Samples: ir.stockpr.com, Cleartronic, Inc., Cleartronic, Inc.

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Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to as a result of the calculations made in this Section 6.1 other than pursuant to Subsection 6.1(d) hereof6, this Warrant shall thereupon thereafter evidence the right to purchasereceive, in addition to any other securities to which at the Holder is entitled to purchaseadjusted Exercise Price, that number of Warrant Shares shares of Common Stock (calculated to the nearest one-hundred thousandth of a sharehundredth) obtained by multiplying dividing (i) the product of the aggregate number of shares of Common Stock purchasable upon exercise of the covered by this Warrant immediately prior to such adjustment by and the Exercise Price in effect immediately prior to such adjustment and dividing of the product so obtained Exercise Price by (ii) the Exercise Price in effect immediately after such adjustmentadjustment of the Exercise Price.

Appears in 6 contracts

Samples: Level 8 Systems Inc, Level 8 Systems Inc, Level 8 Systems Inc

Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section 6.1 other than pursuant to Subsection 6.1(d) hereof6.1, this Warrant shall thereupon evidence the right to purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in effect immediately after such adjustment.

Appears in 4 contracts

Samples: Statmon Technologies Corp, Statmon Technologies Corp, Statmon Technologies Corp

Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section Subsection 6.1 other than pursuant to Subsection 6.1(d) hereof, this Warrant shall thereupon evidence the right to purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in effect immediately after such adjustment.

Appears in 3 contracts

Samples: Security Agreement (Credit Depot Corp), Credit Depot Corp, Credit Depot Corp

Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section 6.1 other than pursuant to Subsection 6.1(dParagraphs 6.(a)(1), 6.(a)(2) or 6.(a)(3) hereof, this Warrant shall thereupon evidence the right to purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares shares of Common Stock (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in effect immediately after such adjustment.

Appears in 1 contract

Samples: Warrant (Dover Petroleum Inc)

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Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section 6.1 other than pursuant to Subsection 6.1(d) 5.1 hereof, this Warrant shall thereupon evidence the right to purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in effect immediately after such adjustment.

Appears in 1 contract

Samples: Electropharmacology Inc

Adjustment of Number of Shares. Upon each adjustment of the Exercise Price pursuant to Section 6.1 other than pursuant to Subsection 6.1(dParagraphs 6.(a)(1) or 6.(a)(2) hereof, this Warrant shall thereupon evidence the right to the purchase, in addition to any other securities to which the Holder is entitled to purchase, that number of Warrant Shares shares of Common Stock (calculated to the nearest one-hundred thousandth of a share) obtained by multiplying the number of shares of Common Stock purchasable upon exercise of the Warrant immediately prior to such adjustment by the Exercise Price in effect immediately prior to such adjustment and dividing the product so obtained by the Exercise Price in the effect immediately after such adjustment.

Appears in 1 contract

Samples: Subscription Agreement (Ocurest Laboratories Inc)

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