Common use of Combination of Shares Clause in Contracts

Combination of Shares. If the number of New Preferred Stock Shares outstanding at any time after the date hereof is decreased by a combination of the outstanding New Preferred Stock Shares, the Exercise Price shall be appropriately increased and the number of New Preferred Stock Shares for which this Warrant is exercisable, if any, shall be appropriately decreased in proportion to such decrease in outstanding shares. Notwithstanding the foregoing, in any such case, the aggregate purchase price payable by Holder for the total number of New Preferred Stock Shares (as adjusted) shall remain the same.

Appears in 3 contracts

Samples: Purchase Agreement (Skinmedica Inc), Skinmedica Inc, Skinmedica Inc

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Combination of Shares. If the number of New Preferred Stock Equity Shares outstanding at any time after the date hereof is decreased by a combination of the outstanding New Preferred Stock Equity Shares, the Exercise Price shall be appropriately increased and the number of New Preferred Stock Equity Shares for which this Warrant is exercisable, if any, shall be appropriately decreased in proportion to such decrease in outstanding shares. Notwithstanding the foregoing, in any such case, the aggregate purchase price payable by Holder for the total number of New Preferred Stock Equity Shares (as adjusted) shall remain the same.

Appears in 1 contract

Samples: Purchase Agreement (Skinmedica Inc)

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