Common use of Adjustment in Number of Shares Clause in Contracts

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - B X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 6 contracts

Samples: Avatar Systems Inc, Avatar Systems Inc, Avatar Systems Inc

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Adjustment in Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - B X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 2 contracts

Samples: LLR Equity Partners Lp, Opinion Research Corp

Adjustment in Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = X= Y x A - B X = X= the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = Y= the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = A= the Exercise Price prior to adjustment. B = B= the adjusted Exercise Price.

Appears in 2 contracts

Samples: LLR Equity Partners Lp, Opinion Research Corp

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 1113, this each Warrant outstanding prior to the making of the adjustment in the Exercise Price shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X N’ = Y N x A - B X = —E E’ where: N’ the adjusted number of shares of Common Stock issuable upon exercise of the a Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the a Warrant by payment of the Exercise Price prior to adjustment. A = E’ the adjusted Exercise Price. the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Global Aviation Holdings Inc.)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 118, this each Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X N1 = Y x A - B X N * ( E / E1 ) where: N1 = the adjusted number of shares of Common Stock Warrant Shares issuable upon exercise of the such Warrant by payment of the adjusted Exercise Price. Y N = the number of shares of Common Stock Warrant Shares previously issuable upon the exercise of the such Warrant by payment of the Exercise Price prior to adjustment. A E1 = the adjusted Exercise Price. E = the Exercise Price prior to the adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (Midas Inc)

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 1112, this each Warrant outstanding prior to the making of the adjustment in the Exercise Price shall thereafter evidence the right to receive upon payment of the adjusted aggregate Exercise Price that number of shares of the Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - B X where: N’ = the adjusted number of shares of the Common Stock issuable upon exercise of the a Warrant by payment of the adjusted aggregate Exercise Price. Y N = the number of shares of the Common Stock previously issuable upon the exercise of the a Warrant by payment of the aggregate Exercise Price prior to adjustment. A E’ = the adjusted Exercise Price. E = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Warrant Agreement (RCN Corp /De/)

Adjustment in Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained obtain from the following formula: X = Y x A - B X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Global Sports Inc

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Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 11Section, this Warrant Option shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - B Y*(A/B) X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant Option by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant Option by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Gs Agrifuels Corp

Adjustment in Number of Shares. Upon each adjustment of the ------------------------------ Exercise Price pursuant to this Section 116, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X N' = Y N x A E - B X E' where: N' = the adjusted number of shares of Common Stock Warrant Shares issuable upon exercise of the a Warrant by payment of the adjusted Exercise Price. Y N = the number of shares of Common Stock Warrant Shares previously issuable upon the exercise of the this Warrant by payment of the Exercise Price prior to adjustment. A E' = the adjusted Exercise Price. E = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.

Appears in 1 contract

Samples: Chatterjee Purnendu

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - X = --- B X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.. * * *

Appears in 1 contract

Samples: Bluestone Software Inc

Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to this Section 11, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of shares of Common Stock (calculated to the nearest hundredth) obtained from the following formula: X = Y x A - B X = the adjusted number of shares of Common Stock issuable upon exercise of the Warrant by payment of the adjusted Exercise Price. Y = the number of shares of Common Stock previously issuable upon the exercise of the Warrant by payment of the Exercise Price prior to adjustment. A = the Exercise Price prior to adjustment. B = the adjusted Exercise Price.. * * *

Appears in 1 contract

Samples: Power Medical Interventions, Inc.

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