Common use of Adjustment in Number of Shares Clause in Contracts

Adjustment in Number of Shares. Upon each adjustment to the Exercise Price pursuant to subsections (a) of this Section 5, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

Appears in 19 contracts

Sources: Warrant Agreement (Kinetic Seas Inc.), Warrant Agreement (Kinetic Seas Inc.), Warrant Agreement (Bellatora, Inc.)

Adjustment in Number of Shares. Upon each adjustment to the Exercise Price pursuant to subsections (a), (b) of or (c) this Section 5, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, fraction the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

Appears in 3 contracts

Sources: Stock Purchase Warrant (Buildnet Inc), Stock Purchase Warrant (Buildnet Inc), Stock Purchase Warrant (Buildnet Inc)

Adjustment in Number of Shares. Upon each adjustment to the Exercise Price pursuant to subsections (a), (b) or (c) of this Section 5, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, fraction the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

Appears in 2 contracts

Sources: Stock Purchase Warrant (Healthgate Data Corp), Stock Purchase Warrant (Interactive Magic Inc /Md/)