Common use of Subdivision and Combination Clause in Contracts

Subdivision and Combination. If the Company shall at any time subdivide (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunder, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Series A Preferred Stock subject to acquisition upon exercise of the Warrants will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunder, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Series B Preferred Stock subject to acquisition upon exercise of the Warrants will be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Prospect Medical Holdings Inc)

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Subdivision and Combination. If the Company shall at any time subdivide subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunderhereunder into a greater number of shares, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Series A Preferred Common Stock subject to acquisition upon exercise of the Warrants this Warrant will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunderhereunder into a smaller number of shares, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Series B Preferred Common Stock subject to acquisition upon exercise of the Warrants this Warrant will be proportionately decreased.. AMENDMENT NO. 1

Appears in 1 contract

Samples: Securities Purchase Agreement (Carsunlimited Com Inc)

Subdivision and Combination. If the Company shall at any time subdivide (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Company Common Stock subject to acquisition hereunder, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Series A Preferred Company Common Stock subject to acquisition upon exercise of the Warrants will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Company Common Stock subject to acquisition hereunder, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Series B Preferred Company Common Stock subject to acquisition upon exercise of the Warrants will be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Modigene Inc.)

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Subdivision and Combination. If the Company shall at any time subdivide subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunderhereunder into a greater number of shares, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Series A Preferred Common Stock subject to acquisition upon exercise of the Warrants this Warrant will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunderhereunder into a smaller number of shares, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Series B Preferred Common Stock subject to acquisition upon exercise of the Warrants this Warrant will be proportionately decreased.

Appears in 1 contract

Samples: Vasomedical Inc

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