Common use of Per Share Value Adjustments Clause in Contracts

Per Share Value Adjustments. Except as otherwise provided in this Section 5, upon any adjustment of the Per Share Value, the Holder shall be entitled to purchase, based upon the new Per Share Value, the number of shares of Common Stock, calculated to the nearest full share, obtained by: (i) multiplying the (A) number of Conversion Shares that may be acquired pursuant to this Note immediately prior to the adjustment of the Per Share Value by (B) the Per Share Value in effect immediately prior to its adjustment, and (ii) dividing the product so obtained in clause (i) by the new Per Share Value.

Appears in 8 contracts

Samples: Convertible Promissory Note Purchase Agreement (Kingfish Holding Corp), Convertible Promissory Note Purchase Agreement (Kingfish Holding Corp), Convertible Promissory Note Purchase Agreement (Kingfish Holding Corp)

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Per Share Value Adjustments. Except as otherwise provided in this Section 5, upon any adjustment of the [Per Share Value, ] the Holder shall be entitled to purchase, based upon the new [Per Share Value], the number of shares of Common Stock, calculated to the nearest full share, obtained by: (i) multiplying the (A) number of Conversion Shares that may be acquired pursuant to this Note immediately prior to the adjustment of the [Per Share Value Value] by (B) the [Per Share Value Value] in effect immediately prior to its adjustment, and (ii) dividing the product so obtained in clause (i) by the new [Per Share Value].

Appears in 1 contract

Samples: Convertible Promissory Note Purchase Agreement

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