Common use of Adjustment in Exercise Price Clause in Contracts

Adjustment in Exercise Price. (a) Upon each event that provides for an adjustment of the number of shares of Common Stock issuable upon exercise of each Warrant pursuant to this Section 11, each Warrant outstanding prior to the making of the adjustment is to thereafter have an adjusted Exercise Price (calculated to the nearest ten millionth) obtained from the following formula: E’ = E x (N / N’) where: E’ = the adjusted Exercise Price. E = the Exercise Price prior to adjustment. N’ = the adjusted number of Warrant Shares issuable upon exercise of a Warrant by payment of the adjusted Exercise Price. N = the number of Warrant Shares previously issuable upon exercise of a Warrant by payment of the Exercise Price prior to adjustment.

Appears in 4 contracts

Samples: Warrant Agreement (Prime Acquisition Corp), Warrant Agreement (Prime Acquisition Corp), Warrant Agreement (Prime Acquisition Corp)

AutoNDA by SimpleDocs

Adjustment in Exercise Price. (a) Upon each event that provides for an adjustment of the number of shares of Common Stock issuable upon exercise of each Warrant Shares pursuant to this Section 1110, the Exercise Price for each Warrant outstanding prior to the making of the adjustment is in the number of Warrant Shares shall thereafter be adjusted to thereafter have an adjusted the Exercise Price (calculated to the nearest ten millionthhundredth of one cent) obtained from the following formula: E’ = E'= E x (N / - N’) ' where: E' = the adjusted Exercise Price. E = the Exercise Price prior to adjustment. N' = the adjusted number of Warrant Shares issuable upon exercise of a Warrant by payment of the adjusted Exercise PriceWarrant. N = the number of or Warrant Shares previously issuable upon exercise of a Warrant by payment of the Exercise Price prior to adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Oci Holdings Inc), Warrant Agreement (Welsh Carson Anderson & Stowe Ix Lp)

AutoNDA by SimpleDocs

Adjustment in Exercise Price. (a) Upon each event that provides for an adjustment of the number of shares of Common Stock issuable upon exercise of each Warrant pursuant to this Section 1111.2, each Warrant outstanding prior to the making of the adjustment is to shall thereafter shall have an adjusted Exercise Price (calculated to the nearest ten millionth) obtained from the following formula: E' = E x (N / --- N’) ' where: E' = the adjusted Exercise Price. E = the Exercise Price prior to adjustment. N' = the adjusted number of Warrant Shares issuable upon exercise of a Warrant by payment of the adjusted Exercise Price. N = the number of Warrant Shares previously issuable upon exercise of a Warrant by payment of the Exercise Price prior to adjustment.

Appears in 1 contract

Samples: Unit Purchase Agreement (GPPW Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.