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 after the date on which this Warrant was first issued (the “Original Issue Date”), while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Panda Ethanol, Inc.), Common Stock Purchase Warrant (Panda Ethanol, Inc.)

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Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue Date”), ) while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Preferred Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Preferred Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Preferred Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Preferred Stock obtainable upon exercise of this Warrant shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Refocus Group Inc, Refocus Group Inc

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue Date”), ) while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective

Appears in 2 contracts

Samples: Securities Purchase Agreement (Lucas Energy, Inc.), Lucas Energy, Inc.

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue Date”), while this Warrant remains outstanding and unexpired in whole or in part, "ORIGINAL ISSUE DATE") effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Universal Detection Technology, Universal Detection Technology

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue Date”), ) while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. Any adjustment under this paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Phototron Holdings, Inc.), Common Stock Purchase Warrant (Phototron Holdings, Inc.)

Adjustment for Stock Splits and Combinations. If the ------------------------------------------------- Company shall at any time or from time to time after the date on which this Warrant was first issued (the “Original Issue Date”), while this Warrant remains outstanding and unexpired in whole or in part, Date for the Warrants effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of sharesStock, the Exercise Price of each Warrant then in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable issuable upon exercise of this such Warrant shall be proportionately increased. Conversely, if If the Company shall at any time or from time to time after the Original Issue Date for the Warrants combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of sharesStock, the Exercise Price of each Warrant then in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable issuable upon exercise of this such Warrant shall be proportionately decreased. Any adjustment under this paragraph Section 7.5 shall become effective at the close of business on the ------------ date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Warrant Agreement (Telscape International Inc), Warrant Agreement (Telscape International Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue Date”), "ORIGINAL ISSUE DATE") while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. 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: Recapture Agreement (Annuity & Life Re Holdings LTD)

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Adjustment for Stock Splits and Combinations. If the ------------------------------------------------ Company shall at any time or from time to time after the date on which this Warrant was first issued (the “Original Issue Date”), while this Warrant remains outstanding and unexpired in whole or in part, Date for the Warrants effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of sharesStock, the Exercise Price of each Warrant then in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable issuable upon exercise of this such Warrant shall be proportionately increased. Conversely, if If the Company shall at any time or from time to time after the Original Issue Date for the Warrants combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of sharesStock, the Exercise Price of each Warrant then in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable issuable upon exercise of this such Warrant shall be proportionately decreased. Any adjustment under this paragraph Section 7.5 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Pointe Communications Corp)

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the “Original Issue DateORIGINAL ISSUE DATE), ) while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. 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: Annuity & Life Re (Holdings), Ltd.

Adjustment for Stock Splits and Combinations. If the Company shall at any time after the date on which this Warrant was first issued (the "Original Issue Date"), while this Warrant remains outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding Common Stock into a greater number of shares, the Exercise Price in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately increased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine (by reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately before the combination shall be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant shall be proportionately decreased. 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: Chyron Corp

Adjustment for Stock Splits and Combinations. If the Company shall at any time, or from time to time, after the date on which this Warrant was first issued (the “Original Issue Date”), while this Warrant remains outstanding and unexpired in whole or in parthereof, effect a subdivision (by any of its outstanding capital stock split or otherwise) then, at the option of the outstanding Common Stock into a greater number of sharesHolder, (i) the Exercise Price (as defined below) then in effect immediately before that subdivision shall be proportionately decreased and or (ii) the number of shares of Common Stock obtainable issuable upon exercise conversion of this Warrant (the "Number of Issuable Shares") shall be proportionately increased. Conversely, and conversely, if the Company shall at any time, or from time to time, after the Original Issue Date date hereof, combine (by reverse stock split or otherwise) the its outstanding shares of Common Stock into a smaller number Capital Stock, then, at the option of sharesthe Holder, (i) the Exercise Price then in effect immediately before the combination shall be proportionately increased and or (ii) the number Number of shares of Common Stock obtainable upon exercise of this Warrant Issuable Shares" shall be proportionately decreased. Any adjustment under this paragraph Subsection (a) shall become effective at the close of business on the date the day any such subdivision or combination becomes effective. In the event that Xxxxxx fails to make such election on or before the effective date of such subdivision or combination, then Holder shall be deemed to have selected option (i).

Appears in 1 contract

Samples: Fibercore Inc

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