Common use of Subdivision or Combination of Stock Clause in Contracts

Subdivision or Combination of Stock. In case the Corporation shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar event, the Warrant Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock shall be combined into a smaller number of shares by way of reverse stock split or similar event, the Warrant Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Financial Pacific Insurance Group Inc), Financial Pacific Insurance Group Inc, Financial Pacific Insurance Group Inc

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Subdivision or Combination of Stock. In case the Corporation shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Savvis Communications Corp), Securities Purchase Agreement (Savvis Communications Corp), Securities Purchase Agreement (Reuters Group PLC)

Subdivision or Combination of Stock. In case the Corporation Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Note Purchase Agreement (Accom Inc), Warrant Agreement (Elephant & Castle Group Inc)

Subdivision or Combination of Stock. In case the Corporation shall event the Company should at any time or from time to time after the date hereof subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case if the outstanding shares of Common Stock shall be of the Company are combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Pharmion Corp, Celgene Corp /De/

Subdivision or Combination of Stock. (a) In case the Corporation shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock or declare a dividend or similar eventmake any other distribution upon the Common Stock of the Corporation payable in Common Stock, the Warrant Purchase Price in effect immediately prior to such subdivision subdivision, dividend or distribution shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Ecollege Com, Ecollege Com

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Subdivision or Combination of Stock. In case If the Corporation shall at any time subdivide subdivides (by any stock split, stock dividend, recapitalization or otherwise) its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such subdivision shall will be proportionately reduced, and conversely, in case . If the Corporation at any time combines (by reverse stock split or otherwise) its outstanding shares of Common Stock shall be combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such combination shall will be proportionately increased.

Appears in 1 contract

Samples: Securities Purchase Agreement (Global Resource CORP)

Subdivision or Combination of Stock. In case the Corporation Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock dividend or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in . In case the Company at any time shall combine its outstanding shares of Common Stock shall be combined into a smaller greater number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 1 contract

Samples: Stock Purchase Agreement (Velocity Express Corp)

Subdivision or Combination of Stock. In case the Corporation shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares by way of stock split, stock or declare a dividend or similar eventmake any other distribution upon the Common Stock of the Corporation payable in Common Stock, the Warrant Purchase Price in effect immediately prior to such subdivision subdivision, dividend or distribution shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares by way of reverse stock split or similar eventshares, the Warrant Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 1 contract

Samples: Security Associates International Inc

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