Common use of Adjustment of Warrant Shares Clause in Contracts

Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 4, the holder hereof shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares existing prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of Common Stock shall be issued as a result of any such adjustment, and any fractional shares resulting from the computations pursuant to this paragraph shall be eliminated without consideration.

Appears in 5 contracts

Samples: Confidential Interactive Marketing Agreement (Varsitybooks Com Inc), Product Promotion Agreement (Varsitybooks Com Inc), Confidential Interactive Marketing Agreement (Varsitybooks Com Inc)

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Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 42, the holder hereof Holder shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares existing prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of Common Stock capital stock of the Company shall be issued as a result of any such adjustment, and any fractional shares resulting from the computations pursuant to this paragraph shall be eliminated without consideration.

Appears in 2 contracts

Samples: Purchase Agreement (THC Therapeutics, Inc.), Good Hemp, Inc.

Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 4, the holder hereof Holder shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares existing prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of Common Stock capital stock of the Company shall be issued as a result of any such adjustment, and any fractional shares resulting from the computations pursuant to this paragraph shall be eliminated without consideration.

Appears in 2 contracts

Samples: Stockholders' Agreement (Ivillage Inc), Registration Rights Agreement (Aol Time Warner Inc)

Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 4, the holder hereof Holder shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares existing prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of Common Stock stock shall be issued as a result of any such adjustment, and any fractional shares resulting from the computations pursuant to this paragraph shall be eliminated without consideration.

Appears in 1 contract

Samples: Planetout Inc

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Adjustment of Warrant Shares. Upon each adjustment of the Warrant Price as provided in Section 4, the holder hereof Holder shall thereafter be entitled to subscribe for and purchase, at the Warrant Price resulting from such adjustment, the number of Warrant Shares equal to the product of (i) the number of Warrant Shares existing prior to such adjustment and (ii) the quotient obtained by dividing (A) the Warrant Price existing prior to such adjustment by (B) the new Warrant Price resulting from such adjustment. No fractional shares of Common Preferred Stock shall be issued as a result of any such adjustment, and any fractional shares resulting from the computations pursuant to this paragraph shall be eliminated without consideration.

Appears in 1 contract

Samples: Registration Rights Agreement (Aol Time Warner Inc)

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