Stock Dividend or Split Sample Clauses
Stock Dividend or Split. If the Company issues shares of Common Stock as a dividend or distribution on shares of the Common Stock, or effects a subdivision or share split or share combination or reverse splitting, or shall increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then in each case, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × OS’ OS0 where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after such event NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to such event OS’ = the number of shares of Common Stock outstanding immediately after such event OS0 = the number of shares of Common Stock outstanding immediately prior to such event. Such adjustment shall become effective, in the case of a dividend or distribution on shares of the Common Stock, immediately after 5:00 p.m., New York City time, on the date fixed for determination of stockholders entitled to receive such dividend or distribution, or, in the case of a subdivision, share split, share combination, reverse split, or reclassification of Common Stock, immediately prior to the effective time of such event. The Company will not pay any dividend or make any distribution on shares of Common Stock held in treasury by the Company. If any dividend or distribution of the type described in this Section 6.2 is declared but not so paid or made, the number of Warrant Shares for which this Warrant is exercisable shall again be adjusted to the number of Warrant Shares for which this Warrant is exercisable that would then be in effect if such dividend or distribution had not been declared.
Stock Dividend or Split. In case the Company shall at any time ----------------------- hereafter subdivide or combine the outstanding shares of Common Stock or declare a dividend payable in Common Stock, the number of shares to which this Warrant relates and the Warrant Price shall each be adjusted. First the number of Shares to which this Warrant relates shall be redetermined by multiplying the number of Shares in effect immediately prior to the record date for such subdivision, combination or dividend payable in common stock by a factor equal to subdivision or combination (e.g. 2.0 in the case of a two-for-one split or 100% dividend or 1.10 in the case of a 10% stock dividend). The adjusted Warrant Price shall then be determined by dividing the redetermined number of Shares into the aggregate exercise price of all Shares purchasable by this Warrant as in effect immediately prior to such subdivision, combination or dividend.