Adjustment of Purchase Price and Number of Warrant Shares. The Purchase Price shall be subject to adjustment from time to time as hereinafter in this Section 5 provided. Except as otherwise expressly provided in Section 5E, upon each adjustment of the Purchase Price pursuant to this Section 5, the registered holder of this Amended and Restated Warrant shall thereafter be entitled to purchase, at the Purchase Price resulting from such adjustment, the number of shares of the Common Stock (calculated to the nearest whole share) obtained by multiplying the Purchase Price in effect immediately prior to such adjustment by the number of shares of the Common Stock purchasable pursuant hereto immediately prior to such adjustment and dividing the product thereof by the Purchase Price resulting from such adjustment.
Appears in 2 contracts
Sources: Warrant Agreement (Smithkline Beecham Biologicals Manufacturing Sa), Warrant Agreement (Antex Biologics Inc)