Common use of Subdivision or Combination of Shares Clause in Contracts

Subdivision or Combination of Shares. If the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares (including a stock split effected as a stock dividend) or combine its outstanding shares of Common Stock into a lesser number of shares, the number of Shares issuable upon exercise of this Warrant shall be adjusted to such number as is obtained by multiplying the number of shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination by a fraction, the numerator of which is the aggregate number of shares of Common Stock outstanding immediately after giving effect to such subdivision or combination and the denominator of which is the aggregate number of shares of Common Stock outstanding immediately prior to such subdivision or combination, and the Exercise Price per Share shall be correspondingly adjusted to such amount as shall, when multiplied by the number of Shares issuable upon full exercise of this Warrant (as increased or decreased to reflect such subdivision or combination of outstanding shares of Common Stock, as the case may be), equal the product of the Exercise Price per Share in effect immediately prior to such subdivision or combination multiplied by the number of Shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination.

Appears in 18 contracts

Samples: Registration Rights Agreement (Nstor Technologies Inc), Medical Technology Systems Inc /De/, Medical Technology Systems Inc /De/

AutoNDA by SimpleDocs

Subdivision or Combination of Shares. If the Company shall at any time subdivide subdivides its outstanding shares of Common Stock into a greater number of shares (including a stock split effected as a stock dividend) or combine combines its outstanding shares of Common Stock into a lesser number of shares, the number of Shares shares issuable upon exercise of this Warrant shall will be adjusted to such number as is obtained by multiplying the number of shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination by a fraction, the numerator of which is the aggregate number of shares of Common Stock outstanding immediately after giving effect to such subdivision or combination and the denominator of which is the aggregate number of shares of Common Stock outstanding immediately prior to such subdivision or combination, and the Exercise Price per Share shall will be correspondingly adjusted to such amount as shallwill, when multiplied by the number of Shares shares issuable upon full exercise of this Warrant (as increased or decreased to reflect such each subdivision or combination of outstanding shares of Common Stock, as the case may be), equal the product of the Exercise Price per Share in effect immediately prior to such subdivision or combination multiplied by the number of Shares shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination.

Appears in 9 contracts

Samples: Principal Terms (Icop Digital, Inc), Exercise Agreement (Icop Digital, Inc), Exercise Agreement (Icop Digital, Inc)

Subdivision or Combination of Shares. If the Company shall at any time subdivide its outstanding shares of Common Stock Shares into a greater number of shares Shares (including a stock split effected as a stock dividend) or combine its outstanding shares of Common Stock Shares into a lesser number of sharesShares, the number of Shares issuable upon exercise of this Warrant shall be adjusted to such number as is obtained by multiplying the number of shares Shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination by a fraction, the numerator of which is the aggregate number of shares of Common Stock Shares outstanding immediately after giving effect to such subdivision or combination and the denominator of which is the aggregate number of shares of Common Stock Shares outstanding immediately prior to such subdivision or combination, and the Exercise Warrant Price per Share shall be correspondingly adjusted to such amount as shall, when multiplied by the number of Shares issuable upon full exercise of this Warrant (as increased or decreased to reflect such subdivision or combination of outstanding shares of Common StockShares, as the case may be), equal the product of the Exercise Warrant Price per Share in effect immediately prior to such subdivision or combination multiplied by the number of Shares issuable upon exercise of this Warrant immediately prior to such subdivision or combination.

Appears in 1 contract

Samples: Management Network Group Inc

AutoNDA by SimpleDocs

Subdivision or Combination of Shares. If the Company shall at any time subdivide subdivides its outstanding shares of Common Stock into a greater number of shares (including a stock split effected as a stock dividend) or combine combines its outstanding shares of Common Stock into a lesser number of shares, the number of Shares shares issuable upon exercise of this Bridge Warrant shall will be adjusted to such number as is obtained by multiplying the number of shares issuable upon exercise of this Bridge Warrant immediately prior to such subdivision or combination by a fraction, the numerator of which is the aggregate number of shares of Common Stock outstanding immediately after giving effect to such subdivision or combination and the denominator of which is the aggregate number of shares of Common Stock outstanding immediately prior to such subdivision or combination, and the Exercise Price per Share shall will be correspondingly adjusted to such amount as shallwill, when multiplied by the number of Shares shares issuable upon full exercise of this Bridge Warrant (as increased or decreased to reflect such each subdivision or combination of outstanding shares of Common Stock, as the case may be), equal the product of the Exercise Price per Share in effect immediately prior to such subdivision or combination multiplied by the number of Shares shares issuable upon exercise of this Bridge Warrant immediately prior to such subdivision or combination.

Appears in 1 contract

Samples: Security With Advanced Technology, Inc.

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