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

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Warrant Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable upon exercise of the Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Warrant Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable upon exercise of the Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 4 contracts

Samples: Vertical Communications, Inc., Vertical Communications, Inc., Vertical Communications, Inc.

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Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date for the Warrants effect a subdivision of the outstanding Common Stock, the Exercise Price of each Warrant Price then in effect immediately before that subdivision shall be proportionately decreased so that and the number of shares of Common Stock issuable upon exercise of the such Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstandingproportionately increased. If the Company shall at any time or from time to time after the Original Issue Date for the Warrants combine the outstanding shares of Common Stock, the Exercise Price of each Warrant Price then in effect immediately before the combination shall be proportionately increased so that and the number of shares of Common Stock issuable upon exercise of the such Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately decreased. Any adjustment under this Section 8(d) 7.5 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 4 contracts

Samples: Warrant Agreement (TSG Capital Fund Iii L P), Warrant Agreement (I Link Inc), Warrant Agreement (Sandler Capital Management)

Adjustment for Stock Splits and Combinations. If the ------------------------------------------------- Company shall at any time or from time to time after the Original Issue Date for the Warrants effect a subdivision of the outstanding Common Stock, the Exercise Price of each Warrant Price then in effect immediately before that subdivision shall be proportionately decreased so that and the number of shares of Common Stock issuable upon exercise of the such Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstandingproportionately increased. If the Company shall at any time or from time to time after the Original Issue Date for the Warrants combine the outstanding shares of Common Stock, the Exercise Price of each Warrant Price then in effect immediately before the combination shall be proportionately increased so that and the number of shares of Common Stock issuable upon exercise of the such Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately decreased. Any adjustment under this Section 8(d) 7.5 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 3 contracts

Samples: Warrant Agreement (Telscape International Inc), Warrant Agreement (Pointe Communications Corp), Warrant Agreement (Telscape International Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of the outstanding Common Stock, the Warrant Exercise Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock Warrant Shares issuable upon on exercise of the Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Warrant Exercise Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock Warrant Shares issuable upon on the exercise of the Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 3 contracts

Samples: Warrant Agreement (Lovesac Co), Warrant Agreement (Lovesac Co), Warrant Agreement (Lovesac Co)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the Original Issue Effective Date effect a subdivision of the outstanding Common Stock, the Warrant Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable upon exercise on conversion of the Warrant each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company Corporation shall at any time or from time to time after the Original Issue Effective Date combine the outstanding shares of Common Stock, the Warrant Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable upon exercise on conversion of the Warrant each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Security Agreement (Giga Tronics Inc), Security Agreement (Giga Tronics Inc)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the Original Issue Effective Date effect a subdivision of the outstanding Common Stock, the Warrant Class B Conversion Price in effect immediately before that subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable upon exercise on conversion of the Warrant each share of such series shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company Corporation shall at any time or from time to time after the Original Issue Effective Date combine the outstanding shares of Common Stock, the Warrant Class B Conversion Price in effect immediately before the combination shall be proportionately increased so that the number of shares of Common Stock issuable upon exercise on conversion of the Warrant each share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Share Exchange Agreement (Avalanche International, Corp.), Share Exchange Agreement (DPW Holdings, Inc.)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of subdivide the outstanding Common Stock, the Warrant Applicable Exercise Price in effect immediately before that subdivision shall be proportionately decreased so that and the number of shares of Common Stock issuable upon on exercise of the this Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Warrant Applicable Exercise Price in effect immediately before the such combination shall be proportionately increased so that and the number of shares of Common Stock issuable upon on exercise of the this Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) 5.6 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pacific Mercantile Bancorp)

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Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date effect a subdivision of subdivide the outstanding Common Stock, the Warrant Applicable Exercise Price in effect immediately before that subdivision shall be proportionately decreased so that and the number of shares of Common Stock issuable upon on exercise of the this Warrant shall be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Warrant Applicable Exercise Price in effect immediately before the such combination shall be proportionately increased so that and the number of shares of Common Stock issuable upon on exercise of the this Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this Section 8(d) 5.1 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Pacific Mercantile Bancorp)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date date hereof effect a subdivision of the outstanding Common Stock, the Warrant Exercise Price then in effect immediately before that subdivision shall be proportionately decreased so that and the number of shares of Common Stock issuable that may be purchased upon exercise of the each Class A Warrant shall will be increased in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If proportionately increased; conversely, if the Company shall at any time or from time to time after the Original Issue Date combine date hereof reduce the outstanding shares of Common StockStock by combination or otherwise, the Warrant Exercise Price then in effect immediately before the combination shall be proportionately increased so that and the number of shares of Common Stock issuable upon exercise of the Warrant shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately decreased. Any adjustment under this Section 8(d9(a) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Class a Warrant Agreement (Sportstrac Systems Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the Original Issue Date date this Warrant Certificate was granted (the "ORIGINAL ISSUE DATE") effect a subdivision of the outstanding Company Common StockStock into a greater number of shares, the Warrant Price Exercise Amount then in effect immediately before that the subdivision shall be proportionately decreased so that increased and the number of shares of Common Stock issuable upon exercise of Exercise Price then in effect immediately before the Warrant shall subdivision shall, subject to Section 8.2(b), be increased in proportion to such increase in the aggregate number of shares of Common Stock outstandingproportionately reduced. If the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Company Common StockStock into a smaller number of shares, the Warrant Price Exercise Amount then in effect immediately before the combination shall be proportionately increased so that decreased and the number of shares of Common Stock issuable upon exercise of Exercise Price then in effect immediately before the Warrant combination shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstandingproportionately increased. Any adjustment under this Section 8(d) paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Applied Graphics Technologies Inc)

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