Common use of Stock Dividends, Subdivisions and Combinations Clause in Contracts

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, additional shares of Common Stock; (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then (a) the number of shares of Common Stock for which a Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that a record holder of the same number of shares of Common Stock for which a Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event and (b) the Exercise Price shall be adjusted to equal (1) the Exercise Price prior to such adjustment multiplied by the number of shares of Common Stock for which a Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares of Common Stock for which a Warrant is exercisable immediately after such adjustment.

Appears in 5 contracts

Samples: Warrant Agreement, Warrant Agreement (Tribune Media Co), Warrant Agreement

AutoNDA by SimpleDocs

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, additional shares of Common Stock; (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; , then (a) the number of shares of Common Stock for which a Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that a record holder of the same number of shares of Common Stock for which a Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event and (b) the Exercise Price shall be adjusted to equal (1) the Exercise Price prior to such adjustment multiplied by the number of shares of Common Stock for which a Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares of Common Stock for which a Warrant is exercisable immediately after such adjustment.

Appears in 4 contracts

Samples: Warrant Agreement (Magellan Health Services Inc), Warrant Agreement (Magellan Health Services Inc), Warrant Agreement (Magellan Health Services Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, additional shares of Common Stock; (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; , then (a) the number of shares of Common Stock for which a Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that a record holder of the same number of shares of Common Stock for which a Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event and (b) the Exercise Price shall be adjusted to equal (1) the Exercise Price prior to such adjustment multiplied by the number of shares of Common Stock for which a Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares of Common Stock for which a Warrant is exercisable immediately after such adjustment.

Appears in 4 contracts

Samples: Warrant Agreement (Thermadyne Holdings Corp /De), Warrant Agreement (Thermadyne Holdings Corp /De), Warrant Agreement (Viasystems Group Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, or other other, distribution of, additional shares of Common Stock; (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; , then (a) the number of shares of Common Stock for which a Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that a record holder of the same number of shares of Common Stock for which a Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event and (b) the Exercise Price shall be adjusted to equal (1) the Exercise Price prior to such adjustment multiplied by the number of shares of Common Stock for which a Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares of Common Stock for which a Warrant is exercisable immediately after such adjustment.

Appears in 2 contracts

Samples: Warrant Agreement (Federal-Mogul Corp), Warrant Agreement (New Federal-Mogul Corp)

Stock Dividends, Subdivisions and Combinations. If at any time In case the Company shallCompany, subsequent to the issuance hereof: (ia) take a record of the holders of its Common Stock for the purpose of entitling them to receive issues Shares as a dividend payable inor distribution on the Shares, (b) subdivides or reclassifies the outstanding Shares into a greater number of shares, or other distribution of, additional shares of Common Stock; (iic) subdivide combines or reclassifies its outstanding shares of Common Stock into a larger number of shares of Common Stock; or (iii) combine its outstanding shares of Common Stock Shares into a smaller number of shares of Common Stock; then or otherwise effects a reverse split, then, (ai) the number of shares of Common Stock Shares for which a this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock Shares that a record holder of the same number of shares of Common Stock Shares for which a this Warrant is exercisable immediately prior to the occurrence of such event would own or and/or be entitled to receive after the happening of such event event, and (bii) the Exercise Price shall be adjusted to equal (1) the product of the Exercise Price immediately prior to such the adjustment multiplied by a fraction equal to (A) the number of shares of Common Stock Shares for which a this Warrant is exercisable immediately prior to the adjustment divided by (2B) the number of shares of Common Stock Shares for which a this Warrant is exercisable immediately after such adjustment. Such adjustment is made successively whenever any event listed in this Section 2.2 shall occur.

Appears in 1 contract

Samples: Verdant Brands Inc

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: (ia) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, additional shares Additional Shares of Common Stock; , (iib) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iiic) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; , then (ai) the number of shares of Common Stock for which a this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that which a record holder of the same number of shares of Common Stock for which a this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event event, and (bii) the Exercise Current Warrant Price shall be adjusted to equal (1A) the Exercise Current Warrant Price prior to such adjustment multiplied multi- plied by the number of shares of Common Stock for which a this Warrant is exercisable immediately prior to the adjustment divided by (2B) the number of shares of Common Stock for which a this Warrant is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Lmki Inc

AutoNDA by SimpleDocs

Stock Dividends, Subdivisions and Combinations. If at any time the Company shallCompanyshall: (i) take make or issue or set a record of date for the holders of its the Common Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, additional shares of Common Stock; , (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; , then (a1) the number of shares of Common Stock for which a Warrant this Debenture is exercisable convertible immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that which a record holder of the same number of shares of Common Stock for which a Warrant this Debenture is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event event, and (b2) the Exercise Conversion Price then in effect shall be adjusted to equal (1A) the Exercise Conversion Price prior to such adjustment then in effect multiplied by the number of shares of Common Stock for which a Warrant this Debenture is exercisable immediately prior to the adjustment divided by (2B) the number of shares of Common Stock for which a Warrant this Debenture is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Axxess Pharma Inc.

Stock Dividends, Subdivisions and Combinations. If at any time the Company shall: shall (ia) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend payable in, an instrument convertible into, or other distribution of, additional shares of Common Stock; , (iib) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; , or (iiic) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then , then, in each such case, (ai) the number of shares of Common Stock for which a this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock that which a record holder of the same number of shares of Common Stock for which a this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event event, and (bii) the Exercise Price shall be adjusted to equal (1A) the Exercise Price (immediately prior to such adjustment the adjustment) multiplied by the number of shares of Common Stock for which a this Warrant is exercisable immediately prior to the adjustment divided by (2B) the number of shares of Common Stock for which a this Warrant is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Bullion Monarch Mining, Inc. (NEW)

Stock Dividends, Subdivisions and Combinations. If at any ---------------------------------------------- time the Company shall: (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive declare, order, pay or make a dividend payable in, or other distribution of, additional shares Additional Shares of Common Stock; (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; or (iii) combine iii)combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then (aA) the number of shares of Class A Common Stock for which a this Warrant is exercisable immediately after the occurrence happening of any such event shall be adjusted to equal the number of shares of Common Stock that which a record holder of the same number of shares of Class A Common Stock for which a Warrant is exercisable immediately prior to the occurrence happening of such event would own or be entitled to receive after the happening of such event event, and (bB) the Exercise Price shall be adjusted to equal (1) the Exercise Price in effect immediately prior to such adjustment event multiplied by the number of shares of Common Stock for which a Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares of Common Stock for which a Warrant is exercisable immediately after such adjustment.Class A Common

Appears in 1 contract

Samples: Telegroup Inc

Time is Money Join Law Insider Premium to draft better contracts faster.