Common use of Combination of Stock Clause in Contracts

Combination of Stock. If the number of shares of Common Stock outstanding at any time after the date of issuance of this Warrant is decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the Exercise Price shall be appropriately adjusted so that the adjusted Exercise Price shall bear the same relation to the Exercise Price in effect immediately prior to such adjustment as the total number of shares of Common Stock outstanding immediately prior to such action shall bear to the total number of shares of Common Stock outstanding immediately after such action.

Appears in 8 contracts

Samples: Warrant (Host Funding Inc), And Amended Stock Option and Warrant Agreement (American Equity Investment Life Holding Co), Purchase Agreement (Watermarc Food Management Co)

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Combination of Stock. If the number of shares of Common Stock outstanding at any time after during the date of issuance of this Warrant Exercise Period is decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the Exercise Price shall be appropriately adjusted so that the adjusted Exercise Price shall bear the same relation to the Exercise Price in effect immediately prior to such adjustment as the total number of shares of Common Stock outstanding immediately prior to be delivered upon exercise of any Warrant shall be appropriately decreased so that the Holder of such action shall bear Warrant thereafter will be entitled to receive the total number of shares of Common Stock outstanding that such Holder would have owned immediately after following such actionaction had such Warrant been exercised immediately prior thereto, and the Exercise Price shall be appropriately adjusted.

Appears in 7 contracts

Samples: Warrant Agreement (Dura Pharmaceuticals Inc/Ca), Warrant Agreement (Key Technology Inc), Agreement and Plan of Merger (Spiros Development Corp Ii Inc)

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Combination of Stock. If the number of outstanding shares of Common Stock outstanding is decreased at any time after the date of issuance of this Warrant is decreased by a combination of the outstanding shares of Common Stocksuch shares, then, immediately after the effective date of such combination, the Exercise Price shall be appropriately adjusted so that the adjusted Exercise Price shall bear the same relation to the Exercise Price in effect immediately prior to such adjustment as the total number of outstanding shares of Common Stock outstanding immediately prior to such action shall bear to the total number of outstanding shares of Common Stock outstanding immediately after such action.

Appears in 4 contracts

Samples: Warrant Agreement (Tdlog, LLC), Warrant Agreement (Driftwood Resources, LLC), Ziegler William R

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