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

Adjustments for Subdivisions, Combinations or Consolidation of Common Stock. If the outstanding shares of Common Stock shall be subdivided (by stock split, stock dividend, or otherwise), into a greater number of shares of Common Stock, the Conversion Price then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. If the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Conversion Price then in effect shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased.

Appears in 1 contract

Samples: Stock Purchase Agreement (Npowr Digital Media Inc)

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Adjustments for Subdivisions, Combinations or Consolidation of Common Stock. If In the event the outstanding shares of Common Stock shall be subdivided (by stock split, stock dividend, dividends or otherwise), into a greater number of shares of Common Stock, the Series A-3 Conversion Price then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. If In the event the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Series A-3 Conversion Price then in effect shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased.

Appears in 1 contract

Samples: Exchange Agreement (Hillman Co)

Adjustments for Subdivisions, Combinations or Consolidation of Common Stock. If In the event the outstanding shares of Common Stock shall be subdivided (by stock split, stock dividend, or otherwise), into a greater number of shares of Common Stock, the Conversion Price for the Series B then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. If In the event the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Conversion Price for the Series B then in effect shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Ia Corp)

Adjustments for Subdivisions, Combinations or Consolidation of Common Stock. If In the event the outstanding shares of Common Stock shall be subdivided (by stock split, stock dividend, dividends or otherwise), into a greater number of shares of Common Stock, the Series A-2 Conversion Price then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. If In the event the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Series A-2 Conversion Price then in effect shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased.

Appears in 1 contract

Samples: Exchange Agreement (Hillman Co)

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Adjustments for Subdivisions, Combinations or Consolidation of Common Stock. If In the event the outstanding shares of Common Stock shall be subdivided (by stock split, stock dividend, dividends or otherwise), into a greater number of shares of Common Stock, the Series B-1 Conversion Price then in effect shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. If In the event the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Series B-1 Conversion Price then in effect shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased.

Appears in 1 contract

Samples: Exchange Agreement (Hillman Co)

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