Common use of Effect of Adjustments Clause in Contracts

Effect of Adjustments. Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11(b) and (c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest one-hundred thousandth of a share of Preferred Stock) obtained by (i) multiplying (x) the number of one one-thousandths of a share of Preferred Stock covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

Appears in 1 contract

Samples: Rights Agreement (Exact Sciences Corp)

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Effect of Adjustments. Unless the Company shall have exercised its election as provided in Section 11(i)11.9, upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11(b) 11.2 and (c)11.3, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one oneten-thousandths of a share of Preferred Incentive Stock (calculated to the nearest one-hundred thousandth millionth of a share of Preferred Incentive Stock) obtained by (i) multiplying (x) the number of one oneten-thousandths of a share of Preferred Incentive Stock covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

Appears in 1 contract

Samples: Rights Agreement (Mentor Graphics Corp)

Effect of Adjustments. Unless the Company shall have exercised its election as provided in Section 11(i)11.9, upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11(b) 11.2 and (c)11.3, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock Share (calculated to the nearest one- hundredth of one-hundred thousandth of a share of Preferred StockShare) obtained by (i) multiplying (x) the number of one one-thousandths of a share of Preferred Stock Share covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

Appears in 1 contract

Samples: Rights Agreement (Jmar Technologies Inc)

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Effect of Adjustments. Unless the Company shall have exercised its election as provided in Section 11(i11(h), upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11(a)(i), 11(b) and (c11(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest oneone ten-hundred thousandth millionth of a share of Preferred Stock) obtained by (i) multiplying (x) the number of one one-thousandths of a share of Preferred Stock covered by a Right immediately prior to adjustment pursuant to this adjustment Section 11(g) by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

Appears in 1 contract

Samples: Rights Agreement (Arbor Health Care Co /De/)

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