Common use of Adjustment for Shares Splits and Combinations Clause in Contracts

Adjustment for Shares Splits and Combinations. If the Company at any time or from time to time effects a subdivision of the outstanding Ordinary Shares, the number of Warrant Shares purchaseable hereunder immediately before the subdivision shall be proportionately increased, and conversely, if the Company at any time or from time to time combines the outstanding Ordinary Shares, the number of Warrant Shares purchaseable hereunder immediately before the combination shall be proportionately decreased. Any adjustment under this Section 7(a) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Warrant Agreement (Bank Leumi Le Israel Bm), Warrant Agreement (Tower Semiconductor LTD)

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Adjustment for Shares Splits and Combinations. If the Company at any time or from time to time effects a subdivision of the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the subdivision shall be proportionately increased, and conversely, if the Company at any time or from time to time combines the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the combination shall be proportionately decreased. Any adjustment under this Section 7(a) 8.1 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Share Purchase Agreement (Esim LTD)

Adjustment for Shares Splits and Combinations. If the Company at any time or from time to time effects a subdivision of the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the subdivision shall be proportionately increased, and conversely, if the Company at any time or from time to time combines the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the combination shall be proportionately decreased. Any adjustment under this Section 7(a) y9.19.1 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Loan Agreement (Esim LTD)

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Adjustment for Shares Splits and Combinations. If the Company at any time or from time to time effects a subdivision of the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the subdivision shall be proportionately increased, and conversely, if the Company at any time or from time to time combines the outstanding Ordinary Sharesshares, the number of shares issuable upon exercise of this Warrant Shares purchaseable hereunder immediately before the combination shall be proportionately decreased. Any adjustment under this Section 7(a) 9.19.1 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Loan Agreement (Esim LTD)

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