Common use of Adjustment in Number of Securities Clause in Contracts

Adjustment in Number of Securities. Upon each adjustment of the Purchase Price pursuant to the provisions of this Section 8, the number of Representative's Securities issuable upon the exercise of the Representative's Warrant shall be adjusted to the nearest whole share by multiplying a number equal to the Purchase Price in effect immediately prior to such adjustment by the number of Representative's Securities issuable upon exercise of the Representative's Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Purchase Price.

Appears in 8 contracts

Sources: Representative's Warrant Agreement (Hi Q Wason Inc), Representative's Warrant Agreement (Harvey Electronics Inc), Underwriting Agreement (Entropin Inc)

Adjustment in Number of Securities. Upon each adjustment of the Purchase Price pursuant to the provisions of this Section 8, the number of Representative's Representatives' Securities issuable upon the exercise of the Representative's Representatives' Warrant shall be adjusted to the nearest whole share by multiplying a number equal to the Purchase Price in effect immediately prior to such adjustment by the number of Representative's Representatives' Securities issuable upon exercise of the Representative's Representatives' Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Purchase Price.

Appears in 3 contracts

Sources: Representatives' Warrant Agreement (Westlink Resources LTD), Representatives' Warrant Agreement (Westlink Resources LTD), Representatives' Warrant Agreement (Westlink Resources LTD)