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

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 8 contracts

Samples: Share Subscription Agreement (International Assets Holding Corp), Share Subscription Agreement (International Assets Holding Corp), Share Subscription Agreement (International Assets Holding Corp)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time on or after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect the Company effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred StockSeries Preferred, the Series A Preferred Conversion Price in effect for each series of Series Preferred not so subdivided immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the Company combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred StockSeries Preferred, the Series A Preferred Conversion Price in effect for each series of Series Preferred not so combined immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: License Agreement (Mirum Pharmaceuticals, Inc.), License Agreement (Mirum Pharmaceuticals, Inc.)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the date that the first share of Series A E Preferred Stock is issued (the "Series E Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Series E Preferred Stock, the Series A E Preferred Stock Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company Corporation shall at any time or from time to time after the Series E Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Series E Preferred Stock, the Series A E Preferred Stock Conversion Price in effect immediately before the combination shall will be proportionately increased. Any adjustment under this Section 4(e5(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Imarx Therapeutics Inc), Asset Purchase Agreement (Imarx Therapeutics Inc)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time on or after the date that Original Issue Date for the first share of Series A Preferred is issued (the "Original Issue Date") Stock effect a subdivision of the outstanding Common Stock without a corresponding subdivision or combine the outstanding shares of the Series A Preferred Stock, the applicable Series A Preferred Conversion Price then in effect immediately before that subdivision or combination shall be proportionately decreased. Conversely, if If the Company Corporation shall at any time or from time to time after the Original Issue Date for the Series A Preferred Stock combine the outstanding shares of Common Stock into or effect a smaller number of shares without a corresponding combination subdivision of the outstanding shares of Series A Preferred Stock, the Series A Preferred Conversion Price then in effect immediately before the combination or subdivision shall be proportionately increased. Any adjustment under this Section 4(e) paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Merger Agreement (Digital Music Group, Inc.), Agreement and Plan of Merger (Dimensional Associates, LLC)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A A-2 Preferred Stock is issued (the "Original Issue “A-2 Issuance Date") effect the Company effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Series Preferred Stock, the each Series A Preferred Stock Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue A-2 Issuance Date combine the Company combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Series Preferred Stock, the each Series A Preferred Stock Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Contribution Agreement (Hyperfeed Technologies Inc), Contribution Agreement (Pico Holdings Inc /New)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred is issued June 29, 2012 (the "“Series B Original Issue Date") effect ”), the Corporation effects a subdivision of the outstanding shares of the Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price and Series B Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Series B Original Issue Date combine the Corporation combines the outstanding shares of the Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price and Series B Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Share Exchange Agreement (Paylocity Holding Corp), Share Exchange Agreement (Paylocity Holding Corp)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the date that the Corporation first share of Series A issued its Designated Preferred is issued Stock (the "Original Issue Date") effect a subdivision of the outstanding New Common Stock without a corresponding subdivision of or combine the outstanding Designated Preferred Stock, the Series A Preferred Conversion Price or Series B Conversion Price, as applicable, then in effect immediately before that subdivision or combination shall be proportionately decreased. Conversely, if If the Company Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of New Common Stock into or effect a smaller number of shares without a corresponding combination subdivision of the outstanding Series A Preferred Stock, the Series A Preferred Conversion Price or Series B Conversion Price, as applicable, then in effect immediately before the combination or subdivision shall be proportionately increased. Any adjustment under this Section 4(e) paragraph shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Convertible Preferred Stock Agreement (Predix Pharmaceuticals Holdings Inc), Agreement to Purchase Capital Stock (Predix Pharmaceuticals Holdings Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunesis Pharmaceuticals Inc), Securities Purchase Agreement (Sunesis Pharmaceuticals Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A B Preferred is issued (the "Original Issue Date") effect a subdivision (or stock split) of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred B Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares (or reverse stock split) without a corresponding combination of the Preferred Stock, the Series A Preferred B Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Series B Preferred Stock Purchase Agreement (Gilead Sciences Inc)

Adjustment for Stock Splits and Combinations. If the Company shall Corporation at any time or from time to time after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect B Reference Date effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Conversion Price for the Series A Stock and the Series B Stock Amended Certificate of Designation, Series F Convertible Preferred Conversion Price Certificate of Designation, Series B Convertible Preferred in effect immediately before that subdivision shall be proportionately decreased. Conversely, and, conversely, if the Company shall Corporation at any time or from time to time after the Original Issue Series B Reference Date combine combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of shares, the Preferred Stock, Conversion Price for the Series A Preferred Conversion Price Stock and the Series B Stock in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e4(c) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Stock Purchase Agreement (Instant Video Technologies Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A E Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred StockSeries Preferred, the each Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred StockSeries Preferred, the each Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Series E Preferred Stock Purchase Agreement (Adesso Healthcare Technology Services Inc)

Adjustment for Stock Splits and Combinations. If the Company shall If, at any time or from time to time time, after the date that the first share of Series A Preferred Stock is issued (the "Original Issue Date") effect ”), the Company effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Series A Preferred Stock, the Series A Preferred Stock Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the Company combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(esection (E) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Purchase Agreement (Medient Studios, Inc.)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred Stock is issued (the "Original Issue DateSERIES A ORIGINAL ISSUE DATE") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Series A Stock, the Series A Preferred Stock Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Series A Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Series A Stock, the Series A Preferred Stock Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(i) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Merger Agreement (Biodelivery Sciences International Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Series B Preferred Stock Purchase Agreement (Mercata Inc)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the date that the first share of Series A C Preferred is issued (the "Series C Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price, the Series B Preferred Conversion Price, the Series B-1 Preferred Conversion Price and the Series C Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company Corporation shall at any time or from time to time after the Series C Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price, the Series B Preferred Conversion Price, the Series B-1 Preferred Conversion Price and the Series C Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Series C Preferred Stock Purchase Agreement (Oryx Technology Corp)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A B Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred B Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred B Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e4(c) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cytel Corp/De)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A A2 Preferred is issued (the "Original Issue Date") Date effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A A2 Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A A2 Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Metricom Inc / De)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company Corporation shall at any time or from time to time after the Original Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e) 4.e. shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Cumetrix Data Systems Corp)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A D Preferred Stock is issued (the "Original Issue Date") effect the Company effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred Stock, the applicable Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the Company combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred Stock, the applicable Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(e) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Loan and Security Agreement (Revance Therapeutics, Inc.)

Adjustment for Stock Splits and Combinations. If the Company Corporation shall at any time or from time to time after the date that the first share of Original Series A Preferred is issued (the "Original Issue Date") Date effect a subdivision of the outstanding Common Stock without a corresponding subdivision of the Series A Preferred Stock or pay a Common Stock dividend on the outstanding Common Stock without a corresponding proportionate dividend on the outstanding Series A Preferred Stock, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company Corporation shall at any time or from time to time after the Original Series A Issue Date combine the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Series A Preferred Stock, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(d) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Series a Convertible Preferred Stock Purchase Agreement (Xyvision Inc)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time after the date that the first share of Series A Preferred is issued (the "“Series A Original Issue Date") effect the Company effects a split or subdivision of the outstanding Common Stock into a larger number of shares without a corresponding split or subdivision of the Preferred StockSeries A Preferred, the Series A Preferred Conversion Price in effect immediately before that split or subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Series A Original Issue Date combine the Company combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred StockSeries A Preferred, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e4(c) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bizzingo, Inc.)

Adjustment for Stock Splits and Combinations. If the Company shall at any time or from time to time on or after the date that the first share of Series A Preferred is issued (the "Original Issue Date") effect the Corporation effects a subdivision of the outstanding Common Stock without a corresponding subdivision of the Preferred StockSeries A Preferred, the Series A Preferred Conversion Price in effect immediately before that subdivision shall be proportionately decreased. Conversely, if the Company shall at any time or from time to time after the Original Issue Date combine the Corporation combines the outstanding shares of Common Stock into a smaller number of shares without a corresponding combination of the Preferred StockSeries A Preferred, the Series A Preferred Conversion Price in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4(e5(f) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Merger Agreement (Movie Star Inc /Ny/)