Common use of Stock Dividends, Splits, Etc Clause in Contracts

Stock Dividends, Splits, Etc. If, at any time while this Warrant is outstanding, Company declares or pays a dividend or other distribution on the outstanding shares of the Common Stock payable in additional shares of the Common Stock or other securities (including rights to acquire securities), then upon exercise of this Warrant, for each Share acquired, Holder shall receive, without cost to Holder, the total number of shares of Common Stock or the total number and kind of other securities, as applicable, to which Holder would have been entitled had Holder held such Shares as of the date on which a record is taken for such dividend or other distribution. If Company subdivides the outstanding shares of the Common Stock by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Exercise Price shall be proportionately decreased as of the date on which a record is taken for such subdivision. If the outstanding shares of the Common Stock are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Exercise Price shall be proportionately increased and the number of Shares purchasable hereunder shall be proportionately decreased as of the date on which a record is taken for such combination or consolidation.

Appears in 6 contracts

Samples: Common Stock Purchase (Management Network Group, Inc.), Investment Agreement (Management Network Group Inc), Common Stock Purchase (Management Network Group, Inc.)

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Stock Dividends, Splits, Etc. If, at any time while this Warrant is outstanding, If the Company declares or pays a dividend or other distribution on the outstanding shares of the Common Stock Class or the underlying common stock in the event the Class is converted to common stock (the “Underlying Shares”) payable in additional shares of the Common Stock Class or other securities (including rights to acquire securities), then upon exercise or conversion of this Warrant, for each Share acquired, Holder shall receive, without cost to Holder, the total number of shares of Common Stock or the total number and kind of other securities, as applicable, securities to which Holder would have been entitled had Holder held such owned the Shares of record as of the date on which a record is taken for such the dividend or other distributionoccurred. If the Company subdivides the outstanding shares of the Common Stock Class or the Underlying Shares by reclassification or otherwise into a greater number of sharesshares or takes any other action which increases the amount of the Underlying Shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Exercise Price shall be proportionately decreased as of the date on which a record is taken for such subdivisiondecreased. If the outstanding shares of the Common Stock Class or the Underlying Shares are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Exercise Price shall be proportionately increased and the number of Shares purchasable hereunder shall be proportionately decreased as of the date on which a record is taken for such combination or consolidationdecreased.

Appears in 2 contracts

Samples: Supernus Pharmaceuticals Inc, Supernus Pharmaceuticals Inc

Stock Dividends, Splits, Etc. If, at any time while this Warrant is outstanding, If the Company declares or pays a dividend or other distribution on the outstanding shares of the Common Stock payable in additional shares of the Common Stock common stock or other securities or property (including rights to acquire securitiesother than cash), then upon exercise of this Warrant, for each Share acquired, Holder shall receive, without additional cost to Holder, the total number of shares of Common Stock or the total number and kind of other securities, as applicable, to securities and property which Holder would have been entitled received had Holder held such owned the Shares of record as of the date on which a record is taken for such the dividend or other distribution occurred (it being understood that a transfer after the record date but prior to any payment or distribution date will accrue to the Holder as of the date of the payment or distribution). If the Company subdivides the outstanding shares of the Common Stock Class by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Exercise Price shall be proportionately decreased as of the date on which a record is taken for such subdivisiondecreased. If the outstanding shares of the Common Stock are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Exercise Price shall be proportionately increased and the number of Shares purchasable hereunder shall be proportionately decreased as of the date on which a record is taken for such combination or consolidationdecreased.

Appears in 2 contracts

Samples: Affymax Inc, Affymax Inc

Stock Dividends, Splits, Etc. If, at any time while this Warrant is outstanding, Company declares or pays a dividend or other distribution on the outstanding shares of the Common Stock payable in additional shares of the Common Stock or other securities (including rights to acquire securities), then upon exercise or conversion of this Warrant, for each Share acquired, Holder shall receive, without cost to Holder, the total number of shares of Common Stock or the total number and kind of other securities, as applicable, to which Holder would have been entitled had Holder held such Shares as of the date on which a record is taken for such dividend or other distribution. If Company subdivides the outstanding shares of the Common Stock by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Exercise Price shall be proportionately decreased as of the date on which a record is taken for such subdivision. If the outstanding shares of the Common Stock are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Exercise Price shall be proportionately increased and the number of Shares purchasable hereunder shall be proportionately decreased as of the date on which a record is taken for such combination or consolidation.

Appears in 1 contract

Samples: Healthways, Inc

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Stock Dividends, Splits, Etc. If, at any time while this Warrant Note is outstanding, Company declares or pays a dividend or other distribution on the outstanding shares of the Common Stock payable in additional shares of the Common Stock or other securities (including rights to acquire securities), then upon exercise or conversion of this WarrantNote, for each Share acquired, Holder shall receive, without cost to Holder, the total number of shares of Common Stock or the total number and kind of other securities, as applicable, to which Holder would have been entitled had Holder held such Shares as of the date on which a record is taken for such dividend or other distribution. If Company subdivides the outstanding shares of the Common Stock by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Exercise Conversion Price shall be proportionately decreased as of the date on which a record is taken for such subdivision. If the outstanding shares of the Common Stock are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Exercise Conversion Price shall be proportionately increased and the number of Shares purchasable hereunder shall be proportionately decreased as of the date on which a record is taken for such combination or consolidation.

Appears in 1 contract

Samples: Healthways, Inc

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