Common use of Adjustment of Clause in Contracts

Adjustment of. NUMBER OF SHARES PURCHASABLE ON EXERCISE OF WARRANTS. Upon each adjustment of the Purchase Price pursuant to Section 3.1 hereof, the registered holder of each Warrant shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Purchase Price the number of shares of Common Stock, calculated to the nearest full share, obtained by multiplying the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Purchase Price in effect prior to such adjustment) by the Purchase Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Purchase Price.

Appears in 2 contracts

Samples: Warrant Agreement (PDS Financial Corp), Warrant Agreement (PDS Financial Corp)

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Adjustment of. NUMBER OF SHARES PURCHASABLE ON EXERCISE OF WARRANTS. Upon each adjustment of the Purchase Price pursuant to Section 3.1 hereofabove, the registered holder of each Warrant shall thereafter (until another such adjustment) be entitled to purchase at the adjusted Purchase Price the number of shares of Common Stockshares, calculated to the nearest full share, obtained by multiplying the number of shares specified in such Warrant (as adjusted as a result of all adjustments in the Purchase Price in effect prior to such adjustment) by the Purchase Price in effect prior to such adjustment and dividing the product so obtained by the adjusted Purchase Price.

Appears in 2 contracts

Samples: Warrant Agreement (Medicalcv Inc), Warrant Agreement (Founders Food & Firkins LTD /Mn)

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