Common use of Computation of Adjustments Clause in Contracts

Computation of Adjustments. Upon each computation of an -------------------------- adjustment in the Warrant Exercise Price and the number of shares which may be subscribed for and purchased upon exercise of this Warrant, the Warrant Exercise Price shall be computed to the nearest cent (i.e., fractions of .5 of a cent, or greater, shall be rounded to the next highest cent) and the number of shares which may be subscribed for and purchased upon exercise of this Warrant shall be calculated to the nearest whole share (i.e., fractions of less than one half of a share shall be disregarded and fractions of one half of a share, or greater, shall be treated as being a whole share).

Appears in 2 contracts

Samples: Exhibit 99 (Oxis International Inc), Exhibit 99 (Oxis International Inc)

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Computation of Adjustments. Upon each computation of -------------------------- an -------------------------- adjustment in the Warrant Exercise Price and the number of shares which may be subscribed for and purchased upon exercise of this Warrant, the Warrant Exercise Price shall be computed to the nearest cent (i.e., fractions of .5 of a cent, or greater, shall be rounded to the next highest cent) and the number of shares which may be subscribed for and purchased upon exercise of this Warrant shall be calculated to the nearest whole share (i.e., fractions of less than one half of a share shall be disregarded and fractions of one half of a share, or greater, shall be treated as being a whole share).

Appears in 1 contract

Samples: Subscription and Purchase Agreement (Oxis International Inc)

Computation of Adjustments. Upon Anything herein to the contrary notwithstanding, upon each computation of an -------------------------- adjustment in the Warrant Exercise Price and or the number of shares which may be subscribed for and purchased upon exercise of this WarrantWarrant Shares, the Warrant Exercise Price shall be computed to the nearest cent (i.e., fractions of .5 less than half of a cent shall be disregarded and fractions of half of a cent, or greatermore, shall be rounded to the next highest treated as being one cent) and the number of shares which may be subscribed for and purchased upon exercise of this Warrant Shares, shall be calculated to the nearest whole share (i.e., fractions of less than one half of a share shall be disregarded and fractions of one half of a share, or greatermore, shall be treated as being a whole one share).

Appears in 1 contract

Samples: Northstar Health Services Inc

Computation of Adjustments. Upon each computation of an -------------------------- adjustment in the Warrant Exercise Price and the number of shares which may be subscribed for and purchased upon exercise of this Warrant, the Warrant Exercise Price shall be computed to the nearest cent (i.e., fractions of .5 of a cent, or greater, shall be rounded to the next highest cent) and the number of shares which may be subscribed for and purchased upon exercise of this Warrant shall be calculated to the nearest whole share (i.e., fractions of less than one half of a share shall be disregarded and fractions of one half of a share, or greater, shall be treated as being a whole share).

Appears in 1 contract

Samples: Loan Agreement (Infinite Group Inc)

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Computation of Adjustments. Upon each computation of an -------------------------- adjustment in the Warrant Exercise Price and the number of shares which may be subscribed for and purchased upon exercise of this Warrant, the Warrant Exercise Price shall be computed to the nearest cent (i.e., fractions i.e. fraction of .5 ..5 of a cent, or greater, shall be rounded to the next highest cent) and the number of shares which may be subscribed for and purchased upon exercise of this Warrant shall be calculated to the nearest whole share (i.e., i.e. fractions of less than one half of a share shall be disregarded and fractions of one half of a share, or greater, shall be treated as being a whole share).

Appears in 1 contract

Samples: Surgivision Inc

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