Common use of Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications Clause in Contracts

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that the Company shall (i) pay a dividend or make any other distribution with respect to its Common Stock in shares of its capital stock, (ii) subdivide its outstanding Common Stock, (iii) combine its outstanding Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to the record date for such dividend or distribution, or the effective date of such subdivision or combination, shall be adjusted so that the Holder of each Warrant shall thereafter be entitled to receive the kind and number of shares of Common Stock or other securities of the Company that such Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this Section 4.01(a) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Panolam Industries Inc)

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Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that the Company case Holdings shall (i) pay a dividend or make any other distribution with respect to its Common Stock in shares of any class or series of its capital stock, (ii) subdivide its outstanding Common Stock, (iii) combine its outstanding Common Stock into a smaller number of shares, shares or (iv) issue any shares of its capital stock in a reclassification of the Common Stock (including any such other than a reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) will be governed by Section 4.1(h)), the number of shares of Common Stock issuable purchasable upon exercise of each Warrant immediately prior to the record date for such dividend or distribution, distribution or the effective date of such subdivision subdivision, combination or combination, reclassification shall be adjusted so that the Holder of each Warrant shall thereafter be entitled to receive the kind and number of shares of Common Stock or other securities of the Company that Holdings which such Holder would have owned or have been entitled to receive after the happening of any of the events described above, above had such Warrant been exercised immediately prior to the happening of such event or any record date with respect theretothereto (with any record date requirement being deemed to have been satisfied). An adjustment made pursuant to this Section 4.01(a4.1(a) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Sterling Chemical Inc)

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that If the Company shall (i) pay a dividend in shares of Common Stock or make any other distribution with respect to its Common Stock in shares of its capital stockCommon Stock, (ii) subdivide its outstanding Common Stock, (iii) combine its outstanding Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock Common Stock in a reclassification of the Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) ), then the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to the record date for such dividend or distribution, distribution or the effective date of such subdivision or combination, combination shall be adjusted so that the Holder of each Warrant shall thereafter be entitled to receive the kind and number of shares of Common Stock or other securities or property (including cash) of the Company that such Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this Section 4.01(aSECTION 8(a) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Imc Global Inc)

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that case the Company shall (i) pay a dividend or make any other distribution with respect to its the Company Common Stock in shares of its capital stock, (ii) subdivide its outstanding Company Common Stock, (iii) combine its outstanding Company Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Company Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) the number of shares of Company Common Stock issuable upon exercise of each this Warrant immediately prior to the record date for each such dividend or distribution, distribution or the effective date of each such subdivision or combination, combination shall be adjusted so that the Holder of each Warrant shall thereafter be entitled after the completion of each such event to receive the kind and number of shares of Company Common Stock or other securities of the Company that such the Holder would have owned or have been entitled to receive after the happening of any of the events described aboveeach such event, had such this Warrant been exercised immediately prior to the happening of each such event or any record date with respect thereto. An Each adjustment made pursuant to this Section 4.01(a6(a) shall become effective immediately after the effective date of such the applicable event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Verso Technologies Inc)

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that case the Company shall (i) pay a dividend or make any other distribution with respect to its the Company Common Stock in shares of its capital stock, (ii) subdivide its outstanding Company Common Stock, (iii) combine its outstanding Company Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Company Common Stock (including any such reclassification in connection with a mergermerger (other than the transactions contemplated by the Merger Agreement), consolidation or other business combination in which the Company is the continuing corporation) the number of shares of Company Common Stock issuable upon exercise of each this Warrant immediately prior to the record date for each such dividend or distribution, distribution or the effective date of each such subdivision or combination, combination shall be adjusted so that the Holder of each Warrant shall thereafter be entitled after the completion of each such event to receive the kind and number of shares of Company Common Stock or other securities of the Company that such the Holder would have owned or have been entitled to receive after the happening of any of the events described aboveeach such event, had such this Warrant been exercised immediately prior to the happening of each such event or any record date with respect thereto. An Each adjustment made pursuant to this Section 4.01(a6(a) shall become effective immediately after the effective date of such the applicable event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Verso Technologies Inc)

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Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that case the Company shall (i) pay a dividend or make any other distribution with respect to its Common Stock in shares of its capital stock, (ii) subdivide its outstanding Common Stock, (iii) combine its outstanding Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) ), the number of shares of Common Stock issuable upon exercise of each the Warrant immediately prior to the record date for such dividend or distribution, distribution or the effective date of such subdivision or combination, combination shall be adjusted so that the Holder of each the Warrant shall thereafter be entitled to receive the kind and number of shares of Common Stock or other securities of the Company that such the Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this Section 4.01(a) 2.1 shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Siena Technologies, Inc.

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In the event that case the Company shall (i) pay a dividend or make any other distribution with respect to its Common Stock in shares of its capital stock, (ii) subdivide its outstanding Common Stock, (iii) combine its outstanding Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) the number of shares of Common Stock issuable upon exercise of each Warrant immediately prior to the record date for such dividend or distribution, distribution or the effective date of such subdivision on or combination, combination shall be adjusted so that the Holder of each Warrant shall thereafter be entitled to receive the kind and number of shares of Common Stock or other securities of the Company that such Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this Section 4.01(a8.1(a) shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Agreement (Warp Technology Holdings Inc)

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