Common use of Stock Dividends, Subdivisions, Reclassifications or Combinations Clause in Contracts

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution in shares of its Common Shares, (ii) subdivide or reclassify the outstanding shares of Common Shares into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares into a smaller number of shares, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof shall be entitled to receive the number of shares of Common Shares which the Holder would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 6 contracts

Samples: Shares Purchase Warrant Agreement (Moventis Capital, Inc.), Moventis Capital, Inc., Moventis Capital, Inc.

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Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common SharesStock, (ii) subdivide or reclassify the outstanding shares of Common Shares Stock into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares Stock into a smaller number of shares, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof of this Warrant who exercises this Warrant after such date shall be entitled to receive the number of shares of Common Shares Stock which the Holder he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 5 contracts

Samples: Exchange Agreement (Baker Hughes Inc), Exchange Agreement (Tuboscope Vetco International Corp), Acr Group Inc

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company Corporation shall (iA) declare a dividend or make a distribution on its Common Stock in shares of its Common SharesStock, (iiB) subdivide or reclassify the outstanding shares of Common Shares Stock into a greater number of shares, or (iiiC) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares Stock into a smaller number of shares, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof after such date shall be entitled to receive the number of shares of Common Shares Stock which the Holder he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 5 contracts

Samples: Skinny Nutritional Corp., Creative Enterprises International Inc, Creative Enterprises International Inc

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on Common Stock in shares of its Common SharesStock, (ii) subdivide or reclassify the outstanding shares of Common Shares Stock into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares Stock into a smaller number of shares, the Exercise Price and the number of Exercise Shares in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof holder of this Warrant shall be entitled to receive receive, upon exercise hereof, the number of shares of Common Shares Stock which the Holder holder would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price and the number of Exercise Shares shall be made whenever any event specified above shall occur.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc)

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Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution in shares of its Common Shares, (ii) subdivide or reclassify the outstanding shares of Common Shares into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares into a smaller number of shares, the Exercise Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof shall be entitled to receive the number of shares of Common Shares which the Holder would have owned or been entitled to receive had this Warrant Debenture been exercised converted immediately prior to such date. Successive adjustments in the Exercise Conversion Price shall be made whenever any event specified above shall occur.

Appears in 2 contracts

Samples: Convertible Secured Debenture Agreement (Moventis Capital, Inc.), Moventis Capital, Inc.

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (iA) declare a dividend or make a distribution on its Common Stock in shares of its Common SharesStock, (iiB) subdivide or reclassify the outstanding shares of Common Shares Stock into a greater number of shares, or (iiiC) combine (including by way of reverse stock split) or reclassify the outstanding Common Shares Stock into a smaller number of shares, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Holder hereof after such date shall be entitled to receive the number of shares of Common Shares Stock which the Holder he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 1 contract

Samples: Skinny Nutritional Corp.

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