Common use of Combination of Shares Clause in Contracts

Combination of Shares. If prior to the Conversion Date, if any, the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, the Common Stock Conversion Price shall be proportionately increased and the number of shares of Common Stock which this Note is convertible into pursuant to this Section 4.1 shall be appropriately decreased in proportion to such decrease in outstanding shares.

Appears in 3 contracts

Samples: Remark Media, Inc., Remark Media, Inc., Remark Media, Inc.

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Combination of Shares. If prior to If, at any time after the Conversion Date, if anydate hereof, the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common StockStock (other than a change in par value, from par value to no par value or from no par value to par value), then, following the effective date for such combination, the Common Stock Conversion Price shall be proportionately appropriately increased and the number of shares of Common Stock which issuable on conversion of this Note is convertible into pursuant to this Section 4.1 shall be appropriately decreased in proportion to such decrease in outstanding shares.

Appears in 2 contracts

Samples: Imagemax Inc, Imagemax Inc

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