Common use of Adjustment of Exercise Price and Number of Warrants Clause in Contracts

Adjustment of Exercise Price and Number of Warrants. The applicable Exercise Price for any Warrants shall be subject to adjustment from time to time as hereinafter provided for in this Section 11. No adjustment of the Exercise Price for any Warrants, however, shall be made in an amount less than $.0l per share, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment, which together with any subsequent adjustments so carried forward shall amount to $.01 per share or more. Upon each adjustment of the Exercise Price for any Warrants, except pursuant to subsection (f) of this Section 11, each Holder shall thereafter, at or prior to the Expiration Date, be entitled to purchase, at the Exercise Price for the applicable Warrants resulting from such adjustment, the number of shares issuable upon exercise of such Warrants (calculated to the nearest whole share) obtained by multiplying the applicable Exercise Price in effect immediately prior to such adjustment by the number of shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the applicable Exercise Price resulting from such adjustment.

Appears in 1 contract

Sources: Financing Agreement (Wahlco Environmental Systems Inc)

Adjustment of Exercise Price and Number of Warrants. The applicable Exercise Price for any Warrants shall be subject to adjustment from time to time as hereinafter provided for in this Section 1110. No adjustment of the ofthe Exercise Price for any Warrants, however, shall be made in an amount less than $.0l .01 per share, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment, which together with any subsequent adjustments so carried forward shall amount to $.01 per share or more. Upon each adjustment of the Exercise Price for any Warrants, except pursuant to subsection (f) of this Section 1110, each Holder shall thereafter, at or prior to the Expiration Date, be entitled to purchase, at the Exercise Price for the applicable Warrants resulting from such adjustment, the number of shares issuable upon exercise of such Warrants (calculated to the nearest whole share) obtained by multiplying the applicable Exercise Price in effect immediately prior to such adjustment by the number of shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the applicable Exercise Price resulting from such adjustment.

Appears in 1 contract

Sources: Warrant Agreement (Bcam International Inc)

Adjustment of Exercise Price and Number of Warrants. The applicable Exercise Price for any Warrants shall be subject to adjustment from time to time as hereinafter provided for in this Section 1110. No adjustment of the Exercise Price for any Warrants, however, shall be made in an amount less than $.0l .01 per share, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment, which together with any subsequent adjustments so carried forward shall amount to $.01 per share or more. Upon each adjustment of the Exercise Price for any Warrants, except pursuant to subsection (f) of this Section 1110, each Holder shall thereafter, at or prior to the Expiration Date, be entitled to purchase, at the Exercise Price for the applicable Warrants resulting from such adjustment, the number of shares issuable upon exercise of such Warrants (calculated to the nearest whole share) obtained by multiplying the applicable Exercise Price in effect immediately prior to such adjustment by the number of shares issuable upon exercise of the Warrants immediately prior to such adjustment and dividing the product so obtained by the applicable Exercise Price resulting from such adjustment.

Appears in 1 contract

Sources: Warrant Agreement (Impleo LLC)