Common use of Adjustment of Warrant Exercise Price and Number of Warrant Shares upon Subdivision or Combination of Common Stock Clause in Contracts

Adjustment of Warrant Exercise Price and Number of Warrant Shares upon Subdivision or Combination of Common Stock. (a) If the Company at any time after the date of issuance of this Warrant subdivides (by any stock split or stock dividend of its Common Stock) its outstanding shares of Common Stock into a greater number of shares of Common Stock, the Warrant Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares obtainable upon exercise of this Warrant will be proportionately increased. If the Company at any time after the date of issuance of this Warrant combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, the Warrant Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares obtainable upon exercise of this Warrant will be proportionately decreased. Any adjustment under this Section 8(a) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 4 contracts

Samples: 2009 Note Issuance Agreement (Lime Energy Co.), Lime Energy Co., Lime Energy Co.

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Adjustment of Warrant Exercise Price and Number of Warrant Shares upon Subdivision or Combination of Common Stock. (a) If the Company at any time after the date of issuance of this Warrant subdivides (by any stock split or stock dividend of its Common Stock) its outstanding shares of Common Stock into a greater number of shares of Common Stock, the Warrant Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares obtainable upon exercise of this Warrant will be proportionately increased. If the Company at any time after the date of issuance of this Warrant combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, the Warrant Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares obtainable upon exercise of this Warrant will be proportionately decreased. Any adjustment under this Section 8(a9(a) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Loan Agreement (Lime Energy Co.), Lime Energy Co.

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