Common use of Adjustment of Number of Shares Clause in Contracts

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 145 contracts

Samples: Warrant (Ecology Coatings, Inc.), Warrant (Ecology Coatings, Inc.), Master Security Agreement (Achillion Pharmaceuticals Inc)

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Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares shares of Common Stock purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 7 contracts

Samples: Series F Preferred Stock and Warrant Purchase Agreement (Phoenix Network Inc), Settlement Agreement and Mutual Release (Ciena Corp), Genaissance Pharmaceuticals Inc

Adjustment of Number of Shares. Upon each adjustment in the Warrant Purchase Price, the number of Warrant Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Warrant Shares purchasable immediately prior to such adjustment in the Warrant Purchase Price by a fraction, the numerator of which shall be the Warrant Purchase Price immediately prior to such adjustment and the denominator of which shall be the Warrant Purchase Price immediately thereafter.

Appears in 5 contracts

Samples: Exelixis Inc, Exelixis Inc, Exelixis Inc

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 4 contracts

Samples: Lattice Semiconductor Corp, Lattice Semiconductor Corp, Lattice Semiconductor Corp

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares of the Common Stock purchasable hereunder shall be adjusted, to the nearest whole shareShare, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 2 contracts

Samples: Cellnet Data Systems Inc, Cellnet Data Systems Inc

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Warrant Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Warrant Shares purchasable immediately prior to any such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to any such adjustment and the denominator of which shall be the Warrant Price immediately thereafterafter any such adjustment.

Appears in 1 contract

Samples: Credit Agreement (Salem Communications Corp /De/)

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares of Series Preferred purchasable hereunder shall be adjusted, to the nearest whole share, share to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 1 contract

Samples: Exelixis Inc

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Adjustment of Number of Shares. Upon each adjustment in the Warrant PricePrice(s), the number of Warrant Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Warrant Shares purchasable immediately prior to such adjustment in the Warrant Price Price(s) by a fraction, the numerator of which shall be the then applicable Warrant Price Price(s) in effect immediately prior to such adjustment and the denominator of which shall be the Warrant Price Price(s) in effect immediately thereafter.

Appears in 1 contract

Samples: Goldman Sachs Group Lp

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Shares of Common Stock purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.. (e)

Appears in 1 contract

Samples: Gensia Inc

Adjustment of Number of Shares. Upon each adjustment in the Warrant Price, the number of Warrant Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Warrant Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the then applicable Warrant Price in effect immediately prior to such adjustment and the denominator of which shall be the Warrant Price in effect immediately thereafter.

Appears in 1 contract

Samples: Med Diversified Inc

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