Common use of Adjustment for Recapitalization Clause in Contracts

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the Warrants) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its shareholders, the number of shares of Common Stock subject to this warrant certificate immediately prior to such subdivision shall be proportionately increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate immediately prior to such combination shall be proportionately decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 shall be effective at the close of business on the effective date of such subdivision or combination or if any adjustment is the result of a stock dividend or distribution then the effective date of such adjustment based thereon shall be the record date therefor.

Appears in 4 contracts

Samples: 21st Century Holding Co, 21st Century Holding Co, 21st Century Holding Co

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Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantsWarrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its shareholdersstockholders, the number of shares of Common Stock subject to this warrant certificate Warrant immediately prior to such subdivision shall be proportionately increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate Warrant immediately prior to such combination shall be proportionately decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination or if any adjustment is the result of a stock dividend or distribution then the effective date of for such adjustment based thereon shall be the record date therefor.

Appears in 3 contracts

Samples: Dental Care Alliance Inc, Holdings Investments LLC, Dental Care Alliance Inc

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantsWarrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute similar distribution of shares of Common Stock to its shareholdersstockholders, the number of shares of Common Stock subject to this warrant certificate Warrant immediately prior to such subdivision shall be proportionately increased increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate Warrant immediately prior to such combination shall be proportionately decreased decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 7.1 shall be effective at the close of business on the effective date of such subdivision or combination combination, or if any adjustment is the result of a stock dividend or distribution distribution, then the effective date of for such adjustment based thereon thereof shall be the record date therefor.

Appears in 3 contracts

Samples: Agreement (Viragen Inc), Viragen Inc, Viragen Inc

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantsWarrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute similar distribution of shares of Common Stock to its shareholdersstockholders, the number of shares of Common Stock subject to this warrant certificate Warrant immediately prior to such subdivision shall be proportionately increased increased, and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate Warrant immediately prior to such combination shall be proportionately decreased decreased, and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 8.1 shall be effective at the close of business on the effective date of such subdivision or combination combination, or if any adjustment is the result of a stock dividend or distribution distribution, then the effective date of for such adjustment based thereon thereof shall be the record date therefor.

Appears in 1 contract

Samples: Development, Licence and Collaboration Agreement (Viragen Inc)

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Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantsWarrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its shareholders, the number of shares of Common Stock subject to this warrant certificate Warrant immediately prior to such subdivision shall be proportionately increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate Warrant immediately prior to such combination shall be proportionately decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 6.2 shall be effective at the close of business on the effective date of such subdivision or combination or if any adjustment is the result of a stock dividend or distribution then the effective date of for such adjustment based thereon shall be the record date therefor.

Appears in 1 contract

Samples: Registration Rights Agreement (Hi Rise Recycling Systems Inc)

Adjustment for Recapitalization. If the Company shall at any time subdivide its outstanding shares of Common Stock (or Other Securities at the time receivable upon the exercise of the WarrantsWarrant) by recapitalization, reclassification or split-up thereof, or if the Company shall declare a stock dividend or distribute shares of Common Stock to its shareholdersstockholders, the number of shares of Common Stock subject to this warrant certificate Warrant immediately prior to such subdivision shall be proportionately increased and the Exercise Price shall be proportionately decreased, and if the Company shall at any time combine the outstanding shares of Common Stock by recapitalization, reclassification or combination thereof, the number of shares of Common Stock or Other Securities subject to this warrant certificate Warrant immediately prior to such combination shall be proportionately decreased and the Exercise Price shall be proportionately increased. Any such adjustments pursuant to this Section 10.1 6.1 shall be effective at the close of business on the effective date of such subdivision or combination or if any adjustment is the result of a stock dividend or distribution then the effective date of such adjustment based thereon shall be the record date therefor.

Appears in 1 contract

Samples: Form of Stock Purchase Agreement (Big Entertainment Inc)

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