Common use of Adjustment of Warrant Shares Clause in Contracts

Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 2, the holder hereof shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares purchaseable prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of capital stock of the Company shall be issued as a result of any exercise or conversion of the Warrant. If a fractional share interest arises upon any exercise or conversion of the Warrant, the Company shall eliminate such fractional share interest by paying the holder an amount computed by multiplying the fractional interest by the Fair Market Value of a full share. For purposes of this Section 3, "