Dividends and Stock Splits. If and whenever the Company shall effect a stock dividend, a stock split, a stock combination, or a reverse stock split of the Common Stock, the number of Warrant Shares purchasable hereunder and the Warrant Exercise Price shall be proportionately adjusted in the manner determined by the Company's Board of Directors acting in good faith. The number of shares, as so adjusted, shall be rounded down to the nearest whole number and the Warrant Exercise Price shall be rounded to the nearest cent.
Dividends and Stock Splits. (a) The holders of the Series A Convertible Preferred Stock shall be entitled to receive, with respect to any distribution of cash or other property made to holders of Common Stock, the amount that such holders of Series A Convertible Preferred Stock would have been entitled to receive if the Series A Convertible Preferred Stock were fully converted (disregarding for such purpose any conversion limitations hereunder) to Common Stock at the Conversion Ratio on the record date for such distribution.
Dividends and Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then on the date such payment is made or such change is effective, each applicable Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of any shares of Preferred Stock or Series 1 Stock shall be increased in proportion to such increase of outstanding shares of Common Stock.
Dividends and Stock Splits. If the Company, at any time while this Note is outstanding, (i) pays a dividend on its Common Shares or otherwise makes a distribution on any class of capital stock that is payable in Common Shares, (ii) subdivides outstanding Common Shares into a larger number of shares, or (iii) combines outstanding Common Shares into a smaller number of shares, then in each such case the applicable Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of Common Shares outstanding immediately before such event and the denominator of which shall be the number of Common Shares outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this SECTION 13 (A) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clause (ii) or (iii) of this SECTION 13(A) shall become effective immediately after the effective date of such subdivision or combination.
Dividends and Stock Splits. Cash dividends paid with respect to shares deferred under this Paragraph 5 and any cash paid in lieu of fractional shares shall be deferred in the same manner as salary and bonus deferrals under Paragraph 4. Stock dividends and stock splits paid with respect to deferred shares shall also be deferred and held and paid under the Plan, in the same manner as deferred shares.
Dividends and Stock Splits. In the event Precis shall (i) pay a dividend in, or make a distribution of, cash, property or shares of Precis Common Stock or of capital stock convertible into Precis Common Stock on its outstanding shares of Precis Common Stock, (ii) subdivide (forward split) its outstanding shares of Precis Common Stock into a greater number of such shares, or (iii) combine (reverse split) its outstanding shares of Precis Common Stock into a smaller number of such shares, the total number of shares of Precis Common Stock acquirable upon the exercise of the Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive at the same Exercise Price the number of shares of Precis Common Stock and the number of shares of capital stock convertible into Precis Common Stock that the Holder would have owned or have been entitled to receive immediately following the happening of such event, assuming and giving effect to the exercise of the Warrant by the Holder. Any adjustment made pursuant to this Subsection 5.01 shall, in the case of a stock dividend or distribution or a stock issuance, become effective as of the record date therefor and, in the case of a subdivision or combination, be made as of the effective date thereof.
Dividends and Stock Splits. Until such time as Pledgor defaults under the Debt Documents, Pledgor shall have the right to (i) exercise any and all voting rights pertaining to the securities, and (ii) receive all dividends and distributions paid by the issuer, except for any dividends, distributions or cash paid or payable on redemption of, or in exchange for, any of the Securities. Any dividends or distributions received by Pledgee after Pledgor’s default but before the Securities are sold shall be retained by Pledgee and applied in the manner specified in paragraph 4 hereof. In the event that during the term of this Pledge Agreement, any stock split is declared by the issuer of the Securities, Pledgor shall deliver such stock to Pledgee to be held under this Pledge Agreement in the same manner as otherwise provided herein.
