Common use of Computations and Adjustments Clause in Contracts

Computations and Adjustments. Upon each computation of an adjustment under this Section 4, the Exercise Price shall be computed to the nearest 1/1000 cent and the number of Warrant Shares shall be calculated to the nearest whole share (i.e., fractions of less than one-half shall be disregarded and fractions of one-half or greater shall be treated as being the next greater integer). However, the fractional amount shall be used in calculating any future adjustments.

Appears in 11 contracts

Samples: Warrant Agreement (Univision Communications Inc), Warrant Purchase Agreement (Univision Communications Inc), Warrant Agreement (Univision Communications Inc)

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Computations and Adjustments. Upon each computation of an adjustment under this Section 43, the Exercise Price shall be computed to the nearest 1/1000 cent and the number of Warrant Shares shall be calculated to the nearest whole share (i.e., fractions of less than one-half shall be disregarded and fractions of one-half or greater shall be treated as being the next greater integer). However, the fractional amount shall be used in calculating any future adjustments.

Appears in 9 contracts

Samples: Warrant Agreement (Variflex Inc), Warrant Agreement (Losi Raymond H), Warrant Agreement (Variflex Inc)

Computations and Adjustments. Upon each computation of an adjustment under this Section 4, the Exercise Price shall be computed to the nearest 1/1000 cent and the number of Warrant Shares shall be calculated to the nearest whole share (i.e., fractions of less than one-half shall be disregarded and fractions of one-half or greater shall be treated as being the beingthe next greater integer). However, the fractional amount shall be used in calculating any future adjustments.

Appears in 1 contract

Samples: Warrant Agreement (Univision Communications Inc)

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Computations and Adjustments. Upon each computation of an adjustment under this Section 4, the Exercise Price shall be computed to the nearest 1/1000 cent and the number thenumber of Warrant Shares shall be calculated to the nearest whole share (i.e., fractions of less than one-half shall be disregarded and fractions of one-half or greater shall be treated as being the next greater integer). However, the fractional amount shall be used in calculating any future adjustments.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Univision Communications Inc)

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