Common use of Adjustment of Number of Warrant Shares Clause in Contracts

Adjustment of Number of Warrant Shares. Upon each adjustment in the Warrant Price, the number of shares of stock 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 Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 10 contracts

Samples: Collaborative Research Agreement (Codexis Inc), Complete Genomics Inc, Complete Genomics Inc

AutoNDA by SimpleDocs

Adjustment of Number of Warrant Shares. Upon each adjustment in -------------------------------------- the Warrant Price, the number of shares of stock 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 Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

Appears in 4 contracts

Samples: Loan Agreement (Drkoop Com), Wavesplitter Technologies Inc, Wavesplitter Technologies Inc

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