Common use of Splits and Subdivisions; Dividends Clause in Contracts

Splits and Subdivisions; Dividends. In the event Orthovita should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price shall be appropriately decreased and the number of shares of Warrant Shares shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 3 contracts

Samples: Orthovita Inc, Orthovita Inc, Orthovita Inc

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Splits and Subdivisions; Dividends. In the event Orthovita the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Purchase Price shall be appropriately decreased and the number of shares of Warrant Shares Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Geron Corporation), Common Stock Warrant Agreement (Geron Corporation)

Splits and Subdivisions; Dividends. In If the event Orthovita Company should at any time effect or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or warrants, options or other rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price purchase price shall be appropriately decreased and the number of shares of Warrant Shares Common Stock issuable upon exercise hereof shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 2 contracts

Samples: X-Change Corp Inc, Viacell Inc

Splits and Subdivisions; Dividends. In the event Orthovita the Company ---------------------------------- should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price shall be appropriately decreased and the number of shares of Warrant Shares Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 1 contract

Samples: Cell Therapeutics Inc

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Splits and Subdivisions; Dividends. In the event Orthovita the Company should at any time time, or from time to time time, fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price shall be appropriately decreased and the number of shares of Warrant Shares Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Advancis Pharmaceutical Corp)

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