Common use of Split, Subdivision or Combination of Shares Clause in Contracts

Split, Subdivision or Combination of Shares. If the Company at any time while this Warrant, or any portion hereof, remains outstanding and un-expired shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the Exercise Price for such securities shall be proportionately decreased and the number of securities issuable upon exercise proportionately increased in the case of a split or subdivision or the Exercise Price of such securities shall be proportionately increased and the number of securities issuable upon exercise proportionately decreased in the case of a combination. Any adjustment under this Section 9.2 shall become effective concurrently with the subdivision or combination becomes effective.

Appears in 6 contracts

Samples: Warrant Agreement (Pluristem Life Systems Inc), Pluristem Life Systems Inc, Pluristem Life Systems Inc

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Split, Subdivision or Combination of Shares. If the Company at any time while this Warrant, or any portion hereofthereof, remains outstanding and un-expired unexpired shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the Exercise Price for such securities shall be proportionately decreased and the number of securities issuable upon exercise proportionately increased then (i) in the case of a split or subdivision or subdivision, the Exercise Price securities issuable upon exercise of such securities this Warrant shall be proportionately increased (by an adjustment to the Number), and the number of securities issuable upon exercise proportionately decreased (ii) in the case of a combination, the securities issuable upon exercise of this Warrant shall be proportionately decreased (by an adjustment to the Number). Any There shall be no adjustment under this Section 9.2 shall become effective concurrently with in the subdivision or combination becomes effectiveExercise Price (unless the par value changes accordingly).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emerging Delta Corp)

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Split, Subdivision or Combination of Shares. If the Company at any time while this Warrant, or any portion hereof, remains outstanding and un-expired unexpired shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities of the same class, the Exercise Price for such securities shall be proportionately decreased and the number of securities issuable upon exercise proportionately increased in the case of a split or subdivision subdivision. 6 or the Exercise Price of such securities shall be proportionately increased and the number of securities issuable upon exercise proportionately decreased in the case of a combination. Any adjustment under this Section 9.2 shall become effective concurrently with the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Avanex Corp)

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