Common use of Subdivision or Combination of Common Stock Clause in Contracts

Subdivision or Combination of Common Stock. If the Company, at any time after the Issue Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a greater number of shares, then effective upon the close of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increased. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a smaller number of shares, then, effective upon the close of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reduced.

Appears in 14 contracts

Samples: Class E Warrant (Ener1 Inc), Purchase Agreement (Ener1 Inc), Purchase Agreement (Ener1 Inc)

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Subdivision or Combination of Common Stock. If the Company, at any time after the Issue Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a greater number of shares, then effective upon after the close date of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder pursuant to this Warrant shall be proportionately increased. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder pursuant to this Warrant shall be proportionately reduced.

Appears in 2 contracts

Samples: Note Purchase Agreement (SkyPostal Networks, Inc.), Note Purchase Agreement (SkyShop Logistics, Inc.)

Subdivision or Combination of Common Stock. If the Company, at any time after the date on which this Warrant is originally issued (the “Issue Date”), subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a greater number of shares, then then, effective upon the close of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a smaller number of shares, then, effective upon the close of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Bookham, Inc.

Subdivision or Combination of Common Stock. If the Company, at any time after during the period beginning on the Issue Date and ending on the Expiration Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a greater number of shares, then effective upon then, after the close date of business on the record date for effecting such subdivision, the Exercise Price Price(s) in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after during the period beginning on the Issue Date and ending on the Expiration Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Price Price(s) in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Note Purchase, Modification and Forebearance Agreement (Cellpoint Inc)

Subdivision or Combination of Common Stock. If the Company, at any time after during the Issue DateExercise Period, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a greater number of shares, then effective upon then, after the close date of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable shares which may be purchased hereunder shall be proportionately increased. If the Company, at any time after during the Issue DateExercise Period, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally proportionately increased and the number of Warrant Shares issuable shares which may be purchased hereunder shall be proportionately reduced.

Appears in 1 contract

Samples: License and Development Agreement (Simtek Corp)

Subdivision or Combination of Common Stock. If the Company, Corporation at any time after the Issue Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock acquirable hereunder into a greater number of shares, then effective upon then, after the close date of business on the record date for effecting such subdivision, the Exercise Conversion Shares issuable upon conversion of the Series C Preferred Stock will be proportionately increased and the Series C Conversion Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, Corporation at any time after the Issue Date, combines (by any reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock acquirable hereunder into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Conversion Shares issuable upon conversion of the Series C Preferred Stock will be proportionately reduced and the Series C Conversion Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Securities Purchase Agreement (FUND.COM Inc.)

Subdivision or Combination of Common Stock. If the Company, at any time after during the Issue DateAdjustment Period, subdivides or subdivided (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a greater number of shares, then effective upon then, after the close later of business on the Issue Date and the date of record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after during the Issue DateAdjustment Period, combines or combined (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close later of business on the Issue Date and the date of record date for effecting such combination, the Exercise Price in effect immediately prior to the later of the Issue Date and such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Waverider Communications Inc

Subdivision or Combination of Common Stock. If the Company, at any time after the date on which this Warrant is originally issued (the "Issue Date"), subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a greater number of shares, then then, effective upon the close of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a smaller number of shares, then, effective upon the close of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Securities Purchase Agreement (Photomedex Inc)

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Subdivision or Combination of Common Stock. If the Company, at any time after the date on which this Warrant is originally issued (the “Issue Date”), subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a greater number of shares, then effective upon the close of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a smaller number of shares, then, effective upon the close of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Bookham, Inc.

Subdivision or Combination of Common Stock. If the ------------------------------------------- Company, at any time after the Issue Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a greater number of shares, then effective upon after the close date of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the on a weighted average number of Warrant Shares issuable hereunder proportionately increasedshares outstanding basis. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the on a weighted average number of Warrant Shares issuable hereunder proportionately reducedshares outstanding basis.

Appears in 1 contract

Samples: Renewable Assets Inc

Subdivision or Combination of Common Stock. If the Company, at any time after the Issue Date, subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the its outstanding shares of Common Stock into a greater number of shares, then effective upon after the close date of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder subject to this Warrant shall be proportionately increased. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding its shares of Common Stock into a smaller number of shares, then, effective upon after the close date of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder subject to this Warrant shall be proportionately reduceddecreased.

Appears in 1 contract

Samples: American Spectrum Realty Inc

Subdivision or Combination of Common Stock. If the Company, at any time after the Issue DateExecution Date (as defined in the Securities Purchase Agreement), subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a greater number of shares, then effective upon the close of business on the record date for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares issuable hereunder proportionately increasedreduced. If the Company, at any time after the Issue Date, combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the outstanding shares of Common Stock into a smaller number of shares, then, effective upon the close of business on the record date for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionally increased and the number of Warrant Shares issuable hereunder proportionately reducedincreased.

Appears in 1 contract

Samples: Microvision Inc

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