Common use of Combination of Stock Clause in Contracts

Combination of Stock. If at any time subsequent to the to the time at which the number of shares and Exercise Price are determined , but prior to the exercise of this Warrant, the number of shares of Common Stock outstanding shall have been decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the number of shares of Common Stock to be delivered upon exercise of this Warrant will be decreased so that the Warrantholder thereafter will be entitled to receive the number of shares of Common Stock that such Warrantholder would have owned immediately following such action had this Warrant been exercised immediately prior thereto, and the Exercise Price will be adjusted as provided below in paragraph (f).

Appears in 2 contracts

Samples: Q Matrix Inc, American Tonerserv Corp.

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Combination of Stock. If at any time subsequent to the to the time at which the number of shares and Exercise Price are determined , but prior to the exercise of this Warrantthe Warrants, the number of shares of Common Stock outstanding shall have been decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the number of shares of Common Stock to be delivered upon exercise of this Warrant the Warrants will be decreased so that the Warrantholder thereafter will be entitled to receive the number of shares of Common Stock that such Warrantholder would have owned immediately following such action had this Warrant the Warrants been exercised immediately prior thereto, and the Exercise Price will be adjusted as provided below in paragraph (f).

Appears in 1 contract

Samples: American Tonerserv Corp.

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Combination of Stock. If at any time subsequent prior to the to the time at which the number earlier of shares and Exercise Price are determined , but prior to the exercise of this Warrant, Warrant in full and the expiration of the Exercise Period the number of shares of Common Stock outstanding shall have been decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the number of shares of Common Stock to be delivered upon exercise of this Warrant will be decreased so that the Warrantholder thereafter will be entitled to receive the number of shares of Common Stock that such Warrantholder would have owned immediately following such action had this Warrant been exercised immediately prior thereto, and the Exercise Price will be adjusted as provided below in paragraph (fe).

Appears in 1 contract

Samples: Form of Warrant (G8wave Holdings, Inc.)

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