Adjustment for Splits and Combinations. If the Company shall at any time or from time to time after the Date of Original Issue effect a stock split or subdivision of the outstanding Common Shares, the Conversion Price shall be proportionately decreased, and, conversely, if the Company shall at any time or from time to time after the Date of Original Issue combine the outstanding Common Shares into a smaller number of shares, the Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 10(a) shall become effective contemporaneously with the stock split, subdivision or combination.
Appears in 2 contracts
Samples: Investment Agreement (Westport Innovations Inc), Investment Agreement (Westport Innovations Inc)
Adjustment for Splits and Combinations. If the Company shall at any time or from time to time after the Commencement Date of Original Issue effect a stock split or subdivision of the outstanding Common Shares, the Conversion Warrant Price in effect immediately before that stock split shall be proportionately decreased, and, conversely, if the Company shall at any time or from time to time after the Date of Original Issue combine the outstanding Common Shares into a smaller number of shares, the Conversion Warrant Price in effect immediately before the that combination shall be proportionately increased. Any adjustment under this Section 10(a3(a) shall become effective contemporaneously with at the close of business on the date the stock split, subdivision split or combinationcombination becomes effective.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Distributed Energy Systems Corp), Purchase Agreement (Distributed Energy Systems Corp)
Adjustment for Splits and Combinations. If the Company shall at any time or from time to time after the Date of Original Issue Issuance effect a stock split or subdivision of the outstanding Common Shares, the Conversion Price in effect immediately before that stock split shall be proportionately decreased, and, conversely, if the Company shall at any time or from time to time after the Date of Original Issue Issuance combine the outstanding Common Shares into a smaller number of shares, the Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 10(a9(a) shall become effective contemporaneously with at the close of business on the date the stock split, subdivision split or combinationcombination becomes effective.
Appears in 1 contract
Samples: Securities Purchase Agreement (Distributed Energy Systems Corp)