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

Adjustment for Stock Splits and Stock Dividends. The Conversion Price and the number of shares of Conversion Stock shall each be proportionally adjusted to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of Conversion Stock without the payment of consideration to the Company therefor at any time before an Actual Conversion Date.

Appears in 10 contracts

Samples: Convertible Note (zSpace, Inc.), Convertible Note (Movano Inc.), Subordination Agreement (Ziprecruiter, Inc.)

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Adjustment for Stock Splits and Stock Dividends. The Conversion Price and the number of shares of Conversion Stock shall each be proportionally adjusted to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of Conversion Stock without the payment of consideration to the Company Borrower therefor at any time before an Actual Conversion Date.

Appears in 6 contracts

Samples: Subordinated Convertible Loan Facility and Security Agreement, Subordinated Convertible Loan Facility and Security Agreement (Enphase Energy, Inc.), Subordinated Convertible Loan Facility and Security Agreement (Enphase Energy, Inc.)

Adjustment for Stock Splits and Stock Dividends. The Conversion Price and the number of shares of Conversion Stock shall each be proportionally adjusted as appropriate to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of Conversion Stock without the payment of consideration to the Company Parent therefor at any time before an Actual Conversion Dateduring the VWAP Period.

Appears in 2 contracts

Samples: Convertible Note (Aduro Biotech, Inc.), Note Purchase Agreement (Aduro Biotech, Inc.)

Adjustment for Stock Splits and Stock Dividends. The Conversion Price and the number of shares of Conversion Stock shall each be proportionally adjusted to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of Conversion Stock (and/or as applicable, without the payment of consideration to the Company therefor at any time before an Actual Conversion Date).

Appears in 2 contracts

Samples: Secured Convertible Promissory Note (Proterra Inc), Secured Convertible Promissory Note and Note Purchase Agreement (Proterra Inc)

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Adjustment for Stock Splits and Stock Dividends. The Conversion Price and the number of shares of Conversion Stock shall each be proportionally adjusted to reflect any stock dividend, stock split, reverse stock split or other similar event affecting the number of outstanding shares of Conversion Stock (and/or as applicable, without the payment of consideration to the Company therefor at any time before an Actual Conversion Date). 1 NTD: Bracketed language to be included in Notes held by Xxxxx Investors only.

Appears in 1 contract

Samples: Note Purchase Agreement (ArcLight Clean Transition Corp.)

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