Common use of Adjustments for Combinations or Consolidation of Common Stock Clause in Contracts

Adjustments for Combinations or Consolidation of Common Stock. In the event the outstanding shares of Common Stock shall be combined or consolidated into a lesser number of shares of Common Stock, the Warrant Price in effect immediately prior to such combination or consolidation, concurrently with the effectiveness of such combination or consolidation, shall be proportionately increased. But in no event to greater than the aggregate Warrant Price of all Warrant shares in effect on the date hereof, and the number of Warrant Shares purchaseable hereunder shall be proportionately reduced.

Appears in 2 contracts

Samples: Warrant Agreement (World Airways Inc /De/), Warrant Agreement (World Airways Inc /De/)

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Adjustments for Combinations or Consolidation of Common Stock. In the event the outstanding shares of Common Stock shall be combined or consolidated into a lesser number of shares of Common Stock, the Warrant Price in effect immediately prior to such combination or consolidation, concurrently with the effectiveness of such combination or consolidation, shall be proportionately increased. But in no event to greater than the aggregate Warrant Price of all Warrant shares in effect on the date hereof, and the number of Warrant Shares purchaseable hereunder shall be proportionately reduced.

Appears in 1 contract

Samples: Warrant Agreement (World Airways Inc /De/)

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Adjustments for Combinations or Consolidation of Common Stock. In the event the outstanding shares of Common Stock shall be combined or consolidated into a lesser number of shares of Common Stock, the Warrant Price in effect immediately prior to such combination or consolidation, concurrently with the effectiveness of such combination or consolidation, shall be proportionately increased. But in no event to greater than the aggregate Warrant Price of all Warrant shares in effect on the date hereof, and the number of Warrant Shares purchaseable purchasable hereunder shall be proportionately reduced.

Appears in 1 contract

Samples: Warrant Agreement (World Airways Inc /De/)

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