Common use of Share Dividends and Splits Clause in Contracts

Share Dividends and Splits. If after the Original Issue Date the number of outstanding shares of Common Stock is increased by a share dividend payable in Common Stock or by a split-up of Common Stock or other similar event, then, on the effective date thereof, the number of Warrant Shares issuable on exercise of this Warrant shall be increased in proportion to such increase in outstanding shares and the then applicable Exercise Price shall be correspondingly decreased.

Appears in 6 contracts

Samples: Sebring Software, Inc., Sebring Software, Inc., Sebring Software, Inc.

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.