Common use of Subdivisions, Splits and Combination of the Common Stock Clause in Contracts

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 4 contracts

Samples: Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (North American Financial Holdings, Inc.), Registration Rights Agreement (First Mariner Bancorp)

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Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporationtreasury shares. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 3 contracts

Samples: Transaction Agreement (Guaranty Bancorp), Convertible Preferred Stock (Guaranty Bancorp), Investment Agreement (Guaranty Bancorp)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to shall be adjusted such that the Conversion Price on and after the effective date time of such share subdivision, split or combination will be equal the product of (x) the Conversion Price in effect immediately prior to the effective time of such share subdivision, split or combination, multiplied by (y) the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date time of such the applicable share subdivision, split or combination. , and OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date time of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include any shares acquired which have been reacquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Giga Tronics Inc), Securities Purchase Agreement (Giga Tronics Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Securities Purchase Agreement (Intermountain Community Bancorp)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Class A Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 OS 0 OS 1 Where, OS 0 = the number of shares of Class A Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 OS 1 = the number of shares of Class A Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Class A Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Class A Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Merger Agreement (Heartland Financial Usa Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price Ratio in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2b), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2b) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price Ratio shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price Ratio that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Funding Agreement (Hilltop Holdings Inc.)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = =the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price Exchange Rate in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS1 OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price Exchange Rate shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price Exchange Rate that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Stock Purchase Agreement (Central Valley Community Bancorp)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = =the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Autobytel Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date time of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of outstanding shares of Common Stock at the applicable time outstanding shall not include shares acquired or otherwise owned or held by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, then the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, or a regulatory authority determines not to permit such actions, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Purchase Agreement (Crescent Banking Co)

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Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Stockholders Agreement (Standard Pacific Corp /De/)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price Rate in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS1 OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of Any adjustment made under this clause (2)ii) shall become effective immediately after the open of business on the effective date for such subdivision, the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporationsplit or combination. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price Rate shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price Rate that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Subscription Agreement (Oriental Financial Group Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to shall be adjusted such that the Conversion Price on and after the effective date time of such share subdivision, split or combination will be equal the product of (x) the Conversion Price in effect immediately prior to the effective time of such share subdivision, split or combination, multiplied by (y) the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date time of such the applicable share subdivision, split or combination. , and OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date time of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include any shares acquired which have been reacquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Securities Purchase Agreement (Giga Tronics Inc)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by a fraction (A) the following fraction: OS0 OS1 OS0 = numerator of which shall be the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = , and (B) the denominator of which shall be the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announcedannounced (but giving effect to any intervening adjustments that may have been made with respect to the Series C Preferred Stock or the Series D Preferred Stock).

Appears in 1 contract

Samples: Exchange Agreement

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Investment Agreement (Third Coast Bancshares, Inc.)

Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

Appears in 1 contract

Samples: Escrow Agreement (Oriental Financial Group Inc)

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