Common use of Subdivision or Consolidation of Shares Clause in Contracts

Subdivision or Consolidation of Shares. (i) In the event the Corporation shall subdivide its outstanding Shares into a greater number of Shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event the outstanding Shares of the Corporation shall be consolidated into a smaller number of Shares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased.

Appears in 9 contracts

Samples: Subscription Agreement (SyntheMed, Inc.), Subscription Agreement (SyntheMed, Inc.), SyntheMed, Inc.

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Subdivision or Consolidation of Shares. (i) In the event the Corporation Company shall subdivide its outstanding Shares common shares into a greater number of Sharesshares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event case the outstanding Shares common shares of the Corporation Company shall be consolidated into a smaller number of Sharesshares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased.

Appears in 4 contracts

Samples: Myo Diagnostics Inc, Lasermedia Communications Corp, Lasermedia Communications Corp

Subdivision or Consolidation of Shares. (i) In the event that, after the Corporation Closing Date and prior to the Time of Expiry, the Company shall subdivide its outstanding Shares into a greater number of Shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event case the outstanding Shares of the Corporation Company shall be consolidated into a smaller number of Shares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased.

Appears in 1 contract

Samples: Underwriting Agreement

Subdivision or Consolidation of Shares. (i) In the event that the Corporation shall subdivide its outstanding Common Shares into a greater number of Sharesshares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event case the outstanding Common Shares of the Corporation shall be consolidated into a smaller number of Sharesshares, the Exercise Price in effect immediately Immediately prior to such consolidation shall be proportionately increased.

Appears in 1 contract

Samples: Agency Agreement (Virexx Medical Corp)

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Subdivision or Consolidation of Shares. (i) In the event that, after the date of issuance of this Certificate and prior to the Time of Expiry, the Corporation shall subdivide its outstanding Shares common shares ("Common Shares") into a greater number of Sharesshares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in the event case the outstanding Common Shares of the Corporation shall be consolidated into a smaller number of Sharesshares, the Exercise Price in effect immediately prior to such consolidation shall be proportionately increased.

Appears in 1 contract

Samples: Subscription Agreement (Cardiome Pharma Corp)

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