Common use of Adjustment for Recapitalization Clause in Contracts

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock subject to this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 shall be effective at the close of business on the effective date of such subdivision or combination, or if any adjustment is the result of a stock dividend or distribution, then the effective date for such adjustment based thereof shall be the record date therefor.

Appears in 6 contracts

Samples: Viragen Inc, Viragen Inc, Viragen Inc

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Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.

Appears in 6 contracts

Samples: Loan Agreement (Hanseatic Corp), Hanseatic Corp, Hanseatic Corp

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantWarrants) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock subject to this Warrant warrant certificate immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant warrant certificate immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 10.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for of such adjustment based thereof thereon shall be the record date therefor.

Appears in 4 contracts

Samples: 21st Century Holding Co, 21st Century Holding Co, 21st Century Holding Co

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.

Appears in 3 contracts

Samples: Dental Care Alliance Inc, Dental Care Alliance Inc, Holdings Investments LLC

Adjustment for Recapitalization. If the Company shall at any time after the date of this Warrant subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock (or Other Securities) subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time after the date of this Warrant combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock subject to this Warrant immediately prior to such combination shall be proportionately decreased, . Any such adjustment and adjustment to the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 8.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.

Appears in 3 contracts

Samples: Kona Grill Inc, Kona Grill Inc, Kona Grill Inc

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute similar distribution of shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock subject to this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 7.1 shall be effective at the close of business on the effective date of such subdivision or combination, or if any adjustment is the result of a stock dividend or distribution, then the effective date for such adjustment based thereof shall be the record date therefor.

Appears in 3 contracts

Samples: Agreement (Viragen Inc), Viragen Inc, Viragen Inc

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.. 6.2

Appears in 2 contracts

Samples: Hanseatic Corp, Hanseatic Corp

Adjustment for Recapitalization. If the Company shall at any time time, after the date hereof, subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholders, the number of shares of Common Stock Warrant Shares then subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price exercise price shall be proportionately decreased, and if the Company shall at any time combine combine, after the date hereof, the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of Warrant shares of Common Stock then subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price exercise price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 4(a) shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Take to Auction Com Inc), Note and Warrant Purchase Agreement (Take to Auction Com Inc)

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Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for of such adjustment based thereof thereon shall be the record date therefor.

Appears in 1 contract

Samples: Form of Stock Purchase Agreement (Big Entertainment Inc)

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.2 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefor.

Appears in 1 contract

Samples: Registration Rights Agreement (Hi Rise Recycling Systems Inc)

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholdersshareholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this Warrant immediately prior to such combination shall be proportionately decreased, decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination, combination or if any adjustment is the result of a stock dividend or distribution, distribution then the effective date for such adjustment based thereof thereon shall be the record date therefortherefore.

Appears in 1 contract

Samples: Waiver Agreement (Hanseatic Corp)

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute similar distribution of shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock subject to this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 8.1 shall be effective at the close of business on the effective date of such subdivision or combination, or if any adjustment is the result of a stock dividend or distribution, then the effective date for such adjustment based thereof shall be the record date therefor.

Appears in 1 contract

Samples: Development, Licence and Collaboration Agreement (Viragen Inc)

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrant) by recapitalization, reclassification reclassification, subdivision or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its stockholders, the number of shares of Common Stock subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock subject to this Warrant immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 5.1 shall be effective at the close of business on the effective date of such subdivision or combination, or if any adjustment is the result of a stock dividend or distribution, then the effective date for such adjustment based thereof shall be the record date therefor.

Appears in 1 contract

Samples: Alliance Agreement (Viragen Inc)

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