Common use of Adjustment Upon Subdivision or Combination of Shares of Common Stock Clause in Contracts

Adjustment Upon Subdivision or Combination of Shares of Common Stock. If the Company at any time on or after the date of this Agreement subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the number of Adjustment Shares will be proportionately increased. If the Company at any time on or after the date of this Agreement combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the number of Adjustment Shares will be proportionately decreased. Any adjustment under this Section 1(b)(vii) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Digital Domain Media Group, Inc.), Securities Purchase Agreement (KIT Digital, Inc.)

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Adjustment Upon Subdivision or Combination of Shares of Common Stock. If the Company at any time on or after the date of this Agreement subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the number of Adjustment Exchange Shares will be proportionately increased. If the Company at any time on or after the date of this Agreement combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the number of Adjustment Exchange Shares will be proportionately decreased. Any adjustment under this Section 1(b)(vii1(b)(iv) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Exchange Agreement (Real Goods Solar, Inc.)

Adjustment Upon Subdivision or Combination of Shares of Common Stock. If the Company at any time on or after the date of this Agreement subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the number of Adjustment Shares will be proportionately increased. If the Company at any time on or after the date of this Agreement combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the number of Adjustment Shares will be proportionately decreased. Any adjustment under this Section 1(b)(vii1(b)(vi) shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Securities Purchase Agreement (LabStyle Innovations Corp.)

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Adjustment Upon Subdivision or Combination of Shares of Common Stock. If the Company at any time on or after the date of this Agreement Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the number of Adjustment Warrant Shares will be proportionately increased. If the Company at any time 27 on or after the date of this Agreement Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the number of Adjustment Warrant Shares will be proportionately decreased. Any adjustment under this Section 1(b)(vii) 2.1 shall become effective at the close of business on the date the subdivision or combination becomes effective.

Appears in 1 contract

Samples: Separation Agreement

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