Common use of Stock Splits, Subdivisions, Reclassifications or Combinations Clause in Contracts

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number had such Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately prior to such adjustment divided by (y) the new Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 36 contracts

Samples: Warrant Agreement, Warrant Agreement, Warrant Agreement

AutoNDA by SimpleDocs

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (ia) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (iib) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iiic) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the Warrant Share Exercise Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that by multiplying the holder Exercise Number effective immediately prior to such event by a fraction (x) the numerator of a Warrant after such date which shall be entitled to purchase the total number of outstanding shares of Common Stock immediately after such event and (y) the denominator of which such holder would have owned or been entitled to receive in respect shall be the total number of the Warrant Share Number had such Warrant been exercised outstanding shares of Common Stock immediately prior to such dateevent. In such event, the Exercise Price per share of Common Stock in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of a fraction (xi) the Warrant Share numerator of which shall be the Exercise Number immediately prior to such adjustment divided by and (yii) the denominator of which shall be the new Warrant Share Exercise Number determined pursuant to the immediately preceding sentence.

Appears in 9 contracts

Samples: Warrant Agreement, Warrant Agreement (Primo Water Corp), Warrant Agreement (Aegerion Pharmaceuticals, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant Share Number before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment divided by (y) the new number of Shares issuable upon exercise of this Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 7 contracts

Samples: Registration Rights Agreement (First Mariner Bancorp), Securities Purchase Agreement (Intermountain Community Bancorp), Funding Agreement (Hilltop Holdings Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company Corporation shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of sharesshares of Common Stock, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of sharesshares of Common Stock, the Warrant Share Number Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that to the holder number obtained by multiplying the Conversion Price in effect immediately prior to the record or effective date, as the case may be, for the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by a fraction (x) the numerator of a Warrant after such date which shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect outstanding at the time of the Warrant Share Number had such Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately reclassification, in each case, prior to giving effect to such adjustment divided by event, and (y) the new Warrant Share Number determined pursuant to denominator of which shall be the number of shares of Common Stock outstanding immediately preceding sentenceafter, and solely as a result of, such event.

Appears in 6 contracts

Samples: Exchange Agreement, Investment Agreement (Sterling Financial Corp /Wa/), Exchange Agreement

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Warrant Share Number Shares issuable at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Holder after such date shall be entitled to purchase the number of shares of Common Stock which such holder Holder would have owned or been entitled to receive in respect of the shares of Common Stock subject to this Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Warrant Share Number Shares issuable before such adjustment and (2) the Exercise Price in effect immediately prior to such the record or effective date, as the case may be, for the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment divided by (y) the new number of Warrant Share Number Shares issuable determined pursuant to the immediately preceding sentence.

Appears in 5 contracts

Samples: Upfront Securities Purchase Agreement (Firstsun Capital Bancorp), Talmer Bancorp, Inc., Talmer Bancorp, Inc.

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i1) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii2) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii3) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying dividing (i) the product of (a) the number of Shares issuable upon the exercise of this Warrant before such adjustment and (b) the Exercise Price by the quotient of (x) the Warrant Share Number in effect immediately prior to such the issuance giving rise to this adjustment divided by (yii) the new number of Shares issuable upon exercise of the Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Proxim Corp), Securities Purchase Agreement (Proxim Corp), Preferred Stock and Warrant Purchase Agreement (Avaya Inc)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, shares or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant Share Number before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment divided by (y) the new number of Shares issuable upon exercise of this Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 2 contracts

Samples: Investment Agreement (NewStar Financial, Inc.), Investment Agreement (NewStar Financial, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant Share Number before such adjustment and (2) the Exercise Price in effect immediately prior to such the issuance giving rise to this adjustment divided by (y) the new number of shares issuable upon exercise of the Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 2 contracts

Samples: Investment Agreement (Mbia Inc), Investment Agreement (Mbia Inc)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall at any time or from time to time (i) declare and declare, order, pay or make a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) split, subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, shares or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the Warrant Share Number Numbers at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Holder immediately after such record date or effective date, as the case may be, shall be entitled to purchase receive the number of shares of Common Stock which such holder Holder would have owned or been entitled to receive in respect of the Warrant Share Number shares of Common Stock subject to this Contingent Payment Right after such date had such Warrant this Contingent Payment Right been exercised converted in full immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date or effective date, disregarding for such dividend or distribution or this purpose whether the effective date of such subdivision, combination or reclassification shall Contingent Payment Right may then still be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately prior subject to such adjustment divided by (y) the new Warrant Share Number determined pursuant to the immediately preceding sentencea Cashless Conversion.

Appears in 2 contracts

Samples: Contingent Payment Right Agreement (Consolidated Communications Holdings, Inc.), Investment Agreement (Consolidated Communications Holdings, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Class A Common Stock in shares of Class A Common Stock, (ii) subdivide or reclassify the outstanding shares of Class A Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Class A Common Stock into a smaller number of shares, the Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Unit Warrant after such date shall be entitled to purchase the number of shares of Class A Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number had such Unit Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately prior to such adjustment divided by (y) the new Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 2 contracts

Samples: Warrant Agreement (Central European Media Enterprises LTD), Warrant Agreement (Central European Media Enterprises N.V.)

AutoNDA by SimpleDocs

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company Holdings shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the Warrant Share Number number of Term Loan Shares at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall will be proportionately adjusted so that the holder of a Warrant Term Lender after such date shall will be entitled entitled, upon conversion of any portion of the Term Loan, to purchase the number of shares of Common Stock which such holder that it would have owned or been entitled to receive received in respect of the Warrant Share Number number of Term Loan Shares it would have owned on account of such portion of the Term Loan had such Warrant portion of the Term Loan been exercised converted immediately prior to such date. In such event, the Exercise The Conversion Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall will be adjusted by multiplying such Exercise Conversion Price by the quotient of (x) the Warrant Share Number number of Term Loan Shares immediately prior to such adjustment divided by (y) the new Warrant Share Number number of Term Loan Shares as determined pursuant to in accordance with the immediately preceding sentence.

Appears in 2 contracts

Samples: Joinder Agreement (Sears Holdings Corp), Joinder Agreement (Sears Holdings Corp)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a stock dividend or make a distribution on its securities, in each case, in Common Stock in shares of Common StockShares, (ii) subdivide or reclassify the outstanding shares of Common Stock Shares into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock Shares into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock Shares which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant Share Number before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment divided by (y) the new number of Shares issuable upon exercise of this Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 1 contract

Samples: Registration Rights Agreement (Sophiris Bio Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company Borrower shall (i) declare and pay a dividend or make a distribution on its Common Stock the Ordinary Shares in shares of Common StockOrdinary Shares, (ii) subdivide or reclassify the outstanding shares of Common Stock Ordinary Shares into a greater number of sharesOrdinary Shares, or (iii) combine or reclassify the outstanding shares of Common Stock Ordinary Shares into a smaller number of sharesOrdinary Shares, the Warrant Share Number number of New Shares issuable upon conversion of this Loan Note at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Lender after such date shall be entitled to purchase acquire upon conversion the number of shares of Common Stock Ordinary Shares which such holder the Lender would have owned or been entitled to receive in respect of the Warrant Share Number Ordinary Shares subject to this Loan Note after such date had such Warrant this Loan Note been exercised converted immediately prior to such date. In such event, the Exercise Conversion Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the Warrant Share Number immediately prior to such adjustment divided Loan Amount by (y) the new Warrant Share Number number of New Shares issuable upon conversion of this Loan Note determined pursuant to the immediately preceding sentence.

Appears in 1 contract

Samples: Vantage Drilling CO

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Class A Common Stock in shares of Class A Common Stock, (ii) subdivide or reclassify the outstanding shares of Class A Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Class A Common Stock into a smaller number of shares, the Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant the Initial Warrants after such date shall be entitled to purchase the number of shares of Class A Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number had such Warrant Initial Warrants been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately prior to such adjustment divided by (y) the new Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 1 contract

Samples: Warrant Agreement (Central European Media Enterprises LTD)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the holder of a Warrant Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number after such date had such this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by multiplying such Exercise Price by the quotient of dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant Share Number before such adjustment and (2) the Exercise Price in effect immediately prior to such the issuance giving rise to this adjustment divided by (y) the new number of Shares issuable upon exercise of the Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 1 contract

Samples: Investment Agreement (Gottschalks Inc)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide subdivide, split or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine combine, reverse split or reclassify the outstanding shares of Common Stock into a smaller number of shares, the Warrant Share Number at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination split, combination, reverse split or reclassification shall be proportionately adjusted so that the holder of a Warrant after such date shall be entitled represent the right to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the Warrant Share Number had if such Warrant had been exercised immediately prior to such date. In such event, the Exercise Price in effect immediately prior to the record date for such dividend or distribution or the effective date of such subdivision, combination split, combination, reverse split or reclassification shall be adjusted by multiplying such Exercise Price by the quotient of (x) the Warrant Share Number immediately prior to such adjustment divided by (y) the new Warrant Share Number determined pursuant to the immediately preceding sentence.

Appears in 1 contract

Samples: Warrant Agreement (Coeur D Alene Mines Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.