Common use of No Change Necessary Clause in Contracts

No Change Necessary. The form of this Warrant need not be changed because of any adjustment in the amount of Warrant Shares issuable upon its exercise. A Warrant issued after any adjustment upon any partial exercise or in replacement may continue to express the same amount of Warrant Shares (appropriately reduced in the case of partial exercise) as are stated on the face of this Warrant as initially issued, and that number of shares shall be considered to have been so changed at the close of business on the date of adjustment.

Appears in 2 contracts

Sources: Warrant Agreement (Temtex Industries Inc), Warrant Agreement (Temtex Industries Inc)

No Change Necessary. The form of this Warrant need not be changed because of any adjustment in the amount of Warrant Shares issuable upon its exercise. A Warrant issued after any adjustment upon any partial exercise or in replacement may continue to express the same amount of Warrant Shares (appropriately reduced in the case of partial exercise) as are stated on the face of in this Warrant as initially issued, and that number of shares Warrant Shares shall be considered to have been so changed at the close of business on the date of adjustment.

Appears in 2 contracts

Sources: Technology and Intellectual Property Purchase Agreement (Next Fuel, Inc.), Warrant Agreement (Next Fuel, Inc.)

No Change Necessary. The form of this Warrant need not be changed because of any adjustment in the amount of Warrant Shares issuable upon its exercise. A Warrant issued after any adjustment upon any partial exercise or in replacement may continue to express the same amount of Warrant Shares (appropriately reduced in the case of partial exercise) as are stated on the face of this Warrant as initially issued, and that number of shares shall be considered to have been so changed at as of the close of business on the date of adjustment.

Appears in 1 contract

Sources: Warrant Agreement (Informax Inc)