Common use of Adjustment to Number of Shares Clause in Contracts

Adjustment to Number of Shares. Upon each adjustment of the Exercise Price as a result of the calculations made in paragraphs 3(a), 3(b), or 3(c) hereof, each Warrant outstanding prior to the making of the adjustment in the Exercise Price shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandth) obtained by dividing (i) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (ii) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Novavax Inc), Stock and Warrant Purchase Agreement (Novavax Inc)

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Adjustment to Number of Shares. Upon each adjustment of the Exercise Price as a result of the calculations made in paragraphs 3(a), 3(b), or 3(cSection 4.1(b) hereof, each Warrant outstanding prior to the making of the adjustment in the Exercise Price Exchange Warrants shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandthhundredth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant the Exchange Warrants prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (iiB) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 2 contracts

Samples: Warrant Agreement (Epoch Pharmaceuticals Inc), Warrant Agreement (Epoch Pharmaceuticals Inc)

Adjustment to Number of Shares. Upon each adjustment of the Exercise Price exercise price as a result of the calculations made in paragraphs 3(a), 3(b), Sections 8.a(ii) or 3(c8.a(iii) hereof, each Warrant outstanding prior to the making of the adjustment in the Exercise Price Warrants shall thereafter evidence the right to purchase, at the adjusted Exercise Priceexercise price, that number of shares (calculated to the nearest thousandth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant the Warrants prior to adjustment of the number of shares by the Exercise Price exercise price in effect prior to adjustment of the Exercise Price exercise price by (iiB) the Exercise Price exercise price in effect after such adjustment of the Exercise Priceexercise price.

Appears in 1 contract

Samples: Warrant Agreement (Powertrader Inc)

Adjustment to Number of Shares. Upon each adjustment of the Exercise Price as a result of the calculations made in paragraphs 3(a), 3(b3 (b), or 3(c) hereof, each Warrant outstanding prior to the making of the adjustment in the Exercise Price shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (iiB) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Novavax Inc

Adjustment to Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price as a result of the calculations made in paragraphs 3(a), 3(b), or 3(cSection 4.1(b) hereof, each Warrant outstanding prior to the making of the adjustment in the Exercise Price Warrants shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandthhundredth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant the Warrants prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (iiB) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Paragon Trade Brands Inc)

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Adjustment to Number of Shares. Upon each adjustment of the Exercise Price as a result of the calculations made in paragraphs 3(a), 3(b), Sections 4.1(b) or 3(c4.1(c) hereof, each Warrant outstanding prior to hereof the making of the adjustment in the Exercise Price Warrants shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant the Warrants prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (iiB) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (International Sports Wagering Inc)

Adjustment to Number of Shares. Upon each adjustment of the Exercise Price as a result of the calculations made in paragraphs 3(aSections 3.1(b), 3(b3.1(c), or 3(c3.1(d) hereof, each Warrant outstanding prior to hereof the making of the adjustment in the Exercise Price Warrants shall thereafter evidence the right to purchase, at the adjusted Exercise Price, that number of shares (calculated to the nearest thousandth) obtained by dividing (iA) the product obtained by multiplying the number of shares purchasable upon exercise of a Warrant the Warrants prior to adjustment of the number of shares by the Exercise Price in effect prior to adjustment of the Exercise Price by (iiB) the Exercise Price in effect after such adjustment of the Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Sforza Enterprises Inc)

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