Adjustment for Stock Splits, Dividends and Combinations Sample Clauses

Adjustment for Stock Splits, Dividends and Combinations. If the Company, at any time after the date of this Warrant, subdivides, declares a dividend payable in, or combines the outstanding shares of Ciprico Common Stock then (i) the number of shares of Ciprico Common Stock for which this Warrant may be exercised as of immediately prior to the subdivision, combination or record date for such dividend payable in Ciprico Common Stock shall forthwith be proportionately decreased, in the case of combination, or increased, in the case of subdivision or dividend payable in Ciprico Common Stock (calculated to the next highest whole share), and (ii) the Exercise Price in effect immediately prior to the subdivision, combination or record date for such dividend payable in Ciprico Common Stock shall forthwith be proportionately increased, in the case of combination, or decreased, in the case of subdivision or dividend payable in Ciprico Common Stock, computed to the nearest whole cent.
AutoNDA by SimpleDocs
Adjustment for Stock Splits, Dividends and Combinations. If the Company at any time or from time to time after the date hereof shall effect a subdivision of the outstanding Common Stock, or shall fix a record date for determination of shareholders entitled to receive a dividend of Common Stock on its outstanding Common Stock, the Exchange Factor then in effect immediately before such subdivision or as of such record date shall be proportionately reduced, and if the Corporation shall combine the outstanding shares of Common Stock, the Exchange Factor then in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 7.2 shall become effective at the close of business on the date the subdivision or combination becomes effective or on the record date for determining holders of any class of securities entitled to receive the dividend; provided that if such record date shall have been fixed and such dividend shall not have been fully paid on the date fixed therefor, the adjustment previously made in the Exchange Factor that became effective on such record date shall be cancelled as of the close of business on such record date, and thereafter the Exchange Factor shall be adjusted pursuant to this Section 7.2 as of the time of actual payment of such dividend.
Adjustment for Stock Splits, Dividends and Combinations. If the corporation shall at any time or from time to time effect a subdivision of the outstanding Common, or shall issue a dividend of Common on its outstanding Common, the Series A-1 Conversion Price and Series A-2 Conversion Price then in effect immediately before that subdivision or dividend shall be proportionately decreased, and conversely, if the corporation shall combine the outstanding shares of Common, the Series A-1 Conversion Price and Series A-2 Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4.d. shall become effective at the close of business on the date the subdivision or combination becomes effective or on the date on which the dividend is declared.
Adjustment for Stock Splits, Dividends and Combinations. If the Corporation shall at any time or from time to time effect a subdivision of the outstanding Common, or shall issue a dividend of Common on its outstanding Common, the Series A-1 Conversion Price, Series A-3 Conversion Price, Series B Conversion Price and Series C Conversion Price then in effect immediately before that subdivision or dividend shall be proportionately decreased, and conversely, if the Corporation shall combine the outstanding shares of Common, the Series X- 0 Conversion Price, Series A-3 Conversion Price, Series B Conversion Price and Series C Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this Section 4.d. shall become effective at the close of business on the date the subdivision or combination becomes effective or on the date on which the dividend is declared.
Adjustment for Stock Splits, Dividends and Combinations. If the Company, at any time after the date of this Warrant or the date of an equity sale upon which the Exercise Price is based, subdivides, declares a dividend payable in, or combines the outstanding shares of Common Stock then (i) the number of shares of Common Stock for which this Warrant may be exercised as of immediately prior to the subdivision, combination or record date for such dividend payable in Common Stock shall forthwith be proportionately decreased, in the case of combination, or increased, in the case of subdivision or dividend payable in Common Stock, and (ii) the Exercise Price in effect immediately prior to the subdivision, combination or record date for such dividend payable in Common Stock shall forthwith be proportionately increased, in the case of combination, or decreased, in the case of subdivision or dividend payable in Common Stock.
Adjustment for Stock Splits, Dividends and Combinations. If the Company, at any time after the date of this Note or the date of an equity sale upon which the Conversion Price is based, subdivides, declares a dividend payable in or combines the class or series of capital stock issuable upon conversion hereof, then the Conversion Price in effect immediately prior to the subdivision, combination or record date for such dividend shall forthwith be proportionately increased, in the case of combination, or decreased, in the case of subdivision or dividend payable in capital stock.
Adjustment for Stock Splits, Dividends and Combinations. The number -------------------------------------------------------- and type of shares issuable by the Company upon exercise of any Party's rights hereunder shall be equitably adjusted in the event of any stock split, combination, stock dividend or recapitalization, or conversion or exchange for other securities or property as a result of a merger, sale, liquidation or reorganization of the Company, or other similar change in capital structure of the Company or as a result of any other disposition or conversion affecting the Common Stock occurring during the period from the date of this Agreement to the applicable Closing.
AutoNDA by SimpleDocs
Adjustment for Stock Splits, Dividends and Combinations. (A) If the Company shall at any time or from time to time after the Purchase Date effect a subdivision, combination or similar event (a “Split Event”) of the outstanding Common Stock, the number of shares of Common Stock issuable upon conversion of this Note and the Conversion Price in effect immediately before the Split Event shall be proportionately adjusted so that the shares of Common Stock issuable will adjust in proportion to such increase or decrease in the shares of Common Stock outstanding following the Split Event, and the Conversion Price shall adjust so that the aggregate Conversion Price shall be the same as if a conversion of the Series A Stock was effected immediately prior to the Split Event. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Adjustment for Stock Splits, Dividends and Combinations. If at any time or from time to time after the date of the first issuance of Series E Preferred Stock, the Corporation shall subdivide or split-up the outstanding shares of Common Stock, or shall declare a dividend or other distribution on its outstanding Common Stock payable in shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock that are not distributed to the holders of Series E Preferred Stock (“Common Stock Equivalents”), without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), the Conversion Price in effect immediately prior to such subdivision or the declaration of such dividend shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of Series E Preferred Stock shall be increased in proportion to the increase of the aggregate of shares of Common Stock outstanding and those issuable with respect to such Common Stock Equivalents with the number of shares issuable with respect to Common Stock Equivalents determined from time to time, and in case the Corporation shall at any time combine the outstanding shares of Common Stock, the Conversion Price in effect immediately prior to such combination shall be proportionately increased, effective at the close of business on the date of such subdivision, dividend, or combination, as the case may be.
Adjustment for Stock Splits, Dividends and Combinations. If the Maker shall at any time or from time to time after the date hereof effect a subdivision of the outstanding Common Stock or shall issue a dividend in Common Stock on its outstanding Common Stock, the Conversion Price then in effect immediately before that subdivision shall be proportionately decreased. If the Maker shall at any time or from time to time after the date hereof combine the outstanding shares of Common Stock into a lesser number of shares of Common Stock, the Conversion Price then in effect immediately before the combination shall be proportionately increased. Any adjustment under this paragraph shall become effective as of the record date for such stock split, dividend or combination.
Time is Money Join Law Insider Premium to draft better contracts faster.