Common use of Subdivisions and Combinations Clause in Contracts

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction to which Section 5.1(f) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction to which Section 5.1(f) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 10 contracts

Samples: Warrant Agreement (Extraction Oil & Gas, Inc.), Warrant Agreement (Extraction Oil & Gas, Inc.), Warrant Agreement (FTS International, Inc.)

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Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction to which Section 5.1(f5.1(g) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction to which Section 5.1(f5.1(g) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 4 contracts

Samples: Warrant Agreement (Harvest Oil & Gas Corp.), Warrant Agreement (Denbury Inc), Warrant Agreement (Denbury Inc)

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction merger or consolidation or sale to which Section 5.1(f4.1(j) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b4.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction merger or consolidation or sale to which Section 5.1(f4.1(j) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a4.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Warrant Agreement (Aventine Renewable Energy Holdings Inc), Warrant Agreement (Aventine Renewable Energy Holdings Inc)

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction merger or consolidation or sale to which Section 5.1(f5.1(j) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies5.1(b)applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction merger or consolidation or sale to which Section 5.1(f5.1(j) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Warrant Agreement (Talbots Inc), Warrant Agreement (Talbots Inc)

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock Shares into a greater number of shares of Common Stock Shares (other than (x) a subdivision upon a Transaction to which Section 5.1(f5.1(h) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock Shares into a smaller number of shares of Common Stock Shares (other than a combination upon a Transaction to which Section 5.1(f5.1(h) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effectiveeffective (or, if the subdivision or combination does not become effective until after the opening of business on such date, the adjustment under this Section 5.1(a) shall become effective immediately after the effectiveness of such subdivision or combination).

Appears in 2 contracts

Samples: Warrant Agreement (Ultra Petroleum Corp), Warrant Agreement (Ultra Petroleum Corp)

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split split, subdivision or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction to which Section 5.1(f5.1(h) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision combination or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction to which Section 5.1(f5.1(h) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Parker Drilling Co /De/)

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Subdivisions and Combinations. In the event the Company Parent shall, at any time or from time to time after the Original Issue Date while any Warrants the Securities remain outstanding and unexpired in whole or in partOutstanding, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction merger or consolidation or sale to which Section 5.1(f) 11.10 applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b11.4(b) applies), then and in each such event the Exercise Conversion Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company Parent shall, at any time or from time to time after the Original Issue Date while any Warrants the Securities remain outstanding and unexpired in whole or in partOutstanding, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction merger or consolidation or sale to which Section 5.1(f) 11.10 applies), then and in each such event the Exercise Conversion Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a11.4(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Texas Petrochemicals Lp

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction merger or consolidation or sale to which Section 5.1(f5.1(g) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction merger or consolidation or sale to which Section 5.1(f5.1(g) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Avaya Holdings Corp.)

Subdivisions and Combinations. In the event the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a subdivision (by any stock split or otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock (other than (x) a subdivision upon a Transaction to which Section 5.1(f) applies or (y) a stock split effected by means of a stock dividend or distribution to which Section 5.1(b) applies or (y) a subdivision upon a transaction to which Section 5.1(c) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such subdivision becomes effective shall be proportionately decreased. Conversely, if the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, effect a combination (by any reverse stock split, combination, subdivision split or otherwise) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock (other than a combination upon a Transaction transaction to which Section 5.1(f5.1(c) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date upon which such combination becomes effective shall be proportionately increased. Any adjustment under this Section 5.1(a) shall become effective immediately after the opening of business on the day after the date upon which the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (AFG Holdings, Inc.)

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