Common use of Adjustment for Stock Splits and Combinations Clause in Contracts

Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Series B Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If the Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Series B Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 5 contracts

Samples: Wachter Eric PHD, Scott Timothy PHD, Photogen Technologies Inc

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Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Series B Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If the Corporation Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Series B Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc)

Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Series B A Conversion Price then and the Series B/B-1 Conversion Price in effect immediately before that subdivision shall be proportionately decreased. If Conversely, if the Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common StockStock into a smaller number of shares, the Series B A Conversion Price then and the Series B/B-1 Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph Section 4.2(e)(iv) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Velocom Inc), Preferred Stock Purchase Agreement (Velocom Inc), Preferred Stock Purchase Agreement (Velocom Inc)

Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Series B Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If the Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Series B Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Art Technology Group Inc)

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Adjustment for Stock Splits and Combinations. If the Corporation Company shall at any time or from time to time after the Original Issue Date effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock, the Series B applicable Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If Conversely, if the Corporation Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common StockStock into a smaller number of shares, the Series B applicable Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph Section 2.4.b shall become effective immediately at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Debenture Purchase Agreement (3d Systems Corp)

Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after September 11, 1998 (the Original Issue Date Date”) effect a subdivision of the outstanding Common Stock, the Series B B-2 Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If Conversely, if the Corporation shall at it any time or from time to time after the Original Issue Date combine the outstanding shares of Common StockStock into a smaller number of shares, the Series B B-2 Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph clause (i) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Notes Securities Purchase Agreement (Global Employment Holdings, Inc.)

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