Common use of Share Splits Clause in Contracts

Share Splits. If Company at any time on or after this November 24th, 2015subdivides (by any share split, share dividend, recapitalization or otherwise) or combines (by combination, reverse share split or otherwise) one or more classes of its outstanding Common Shares into a greater or lesser number of shares, the share numbers and prices set forth in this Certificate, as in effect immediately prior to such subdivision or combination, will be proportionately reduced or increased, as applicable, effective as of the close of business on the date such subdivision or combination becomes effective.

Appears in 17 contracts

Samples: Settlement Agreement (NewLead Holdings Ltd.), Exchange Agreement (NewLead Holdings Ltd.), Exchange Agreement (NewLead Holdings Ltd.)

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Share Splits. If Company at any time on or after this November 24th, 2015subdivides the Effective Date subdivides (by any share split, share dividend, recapitalization or otherwise) or combines (by combination, reverse share split or otherwise) one or more classes of its outstanding Common Shares into a greater or lesser number of shares, the share numbers and prices set forth in this Certificatethe Note, as in effect immediately prior to such subdivision or combination, will be proportionately reduced or increased, as applicable, effective as of at the close of business on the date such the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Securities Purchase Agreement (Boston Carriers, Inc.)

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Share Splits. If Company at any time on or after this November 24th, 2015subdivides the Effective Date subdivides (by any share split, share dividend, recapitalization or otherwise) or combines (by combination, reverse share split or otherwise) one or more classes of its outstanding Common Shares into a greater or lesser number of shares, the share numbers and prices set forth in this CertificateAgreement, as in effect immediately prior to such subdivision or combination, will be proportionately reduced or increased, as applicable, effective as of at the close of business on the date such the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Share Subscription Agreement (NewLead Holdings Ltd.)

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