Common use of Stock Splits and Reverse Splits Clause in Contracts

Stock Splits and Reverse Splits. In case at any time the Company shall subdivide its outstanding shares of Stock into a greater number of shares, the Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced to the new Purchase Price and the number of Warrant Shares purchasable pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in case at any time the Company shall combine the outstanding shares of Stock into a smaller number of shares, the Purchase Price in effect immediately prior to such combination shall be proportionately increased to the new Purchase Price and the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such combination shall be proportionately reduced.

Appears in 5 contracts

Samples: Image Technology Laboratories Inc, Image Technology Laboratories Inc, Image Technology Laboratories Inc

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Stock Splits and Reverse Splits. In case the event that the Company shall at any time the Company shall either subdivide its outstanding shares of Common Stock into a greater number of sharesshares or effect a stock split of its Common Stock payable in the form of a dividend, the Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced to the new Purchase Price and the number of Warrant Shares purchasable pursuant to this Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in case at any time the Company shall combine event that the outstanding shares of Common Stock of the Company shall at any time be combined into a smaller number of shares, the Purchase Price in effect immediately prior to such combination shall be proportionately increased to the new Purchase Price and the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such combination shall be proportionately reduced.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Ecollege Com)

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Stock Splits and Reverse Splits. In case at any time the Company shall subdivide its outstanding shares of the Common Stock into a greater number of shares, the Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced to the new Purchase Price and the number of Warrant Shares purchasable pursuant to upon the exercise of this Amended and Restated Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in case at any time the Company shall combine the outstanding shares of the Common Stock into a smaller number of shares, the Purchase Price in effect immediately prior to such combination shall be proportionately increased to the new Purchase Price and the number of Warrant Shares purchasable upon the exercise of this Amended and Restated Warrant immediately prior to such combination shall be proportionately reduced.

Appears in 1 contract

Samples: Smithkline Beecham Biologicals Manufacturing Sa

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