Common use of Adjustment of Conversion Price upon Subdivision or Combination of Common Stock Clause in Contracts

Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company at any time after the Subscription Date subdivides (by any share split, share dividend, recapitalization or otherwise) its outstanding Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time after the Subscription Date combines (by combination, reverse share split or otherwise) its outstanding Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased.

Appears in 1 contract

Samples: Consent and Waiver Agreement (Interpharm Holdings Inc)

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Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company at any time after the Subscription Date subdivides (by any share stock split, share stock dividend, recapitalization or otherwise) its outstanding shares of Common Stock into a greater number of shares, the Conversion Price to be determined in effect immediately prior to such subdivision period will be proportionately reduced. If the Company at any time after the Subscription Date combines (by combination, reverse share stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, shares and the Conversion Price to be determined in effect immediately prior to such combination period will be proportionately increased.

Appears in 1 contract

Samples: Securities Purchase Agreement (Brooke Corp)

Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company at any time after the Subscription Issuance Date subdivides (by any share stock split, share stock dividend, recapitalization or otherwise) its outstanding Common Stock Shares into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time after the Subscription Issuance Date combines (by combination, reverse share stock split or otherwise) its outstanding Common Stock Shares into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased.

Appears in 1 contract

Samples: Securities Purchase Agreement (MRV Communications Inc)

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Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. If the Company at any time after the Subscription Date subdivides (by any share stock split, share stock dividend, recapitalization or otherwise) its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time after the Subscription Date combines (by combination, reverse share stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, shares and the Conversion Price in effect immediately prior to such combination will be proportionately increased.

Appears in 1 contract

Samples: Debenture Agreement (Hollywood Media Corp)

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