Common use of Adjustments for Change in Capital Stock Clause in Contracts

Adjustments for Change in Capital Stock. In the event the Company --------------------------------------- shall (A) pay a stock dividend or make a distribution to holders of Common Stock in shares of its Common Stock, (B) subdivide its outstanding shares of Common Stock into a larger number of shares, (C) combine its outstanding shares of Common Stock into a smaller number of shares, (D) make a distribution on its Common Stock in shares of its capital stock other than Common Stock or preferred stock, (E) issue by reclassification of its shares of Common Stock any shares of capital stock of the Company, or (F) take any action which would result in any of the foregoing, then the Warrant Price and the number and kind of shares of capital stock of the Company issuable upon exercise of a Warrant as in effect immediately prior to such action shall then be proportionally adjusted so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. An adjustment made pursuant to this Section 7.1(a)(i) shall become effective retroactively immediately after the record date in the case of a dividend or distribution of Common Stock and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Company shall determine the allocation of the adjusted Warrant Price between the classes of capital stock. After such allocation, the exercise privilege and the Warrant Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section.

Appears in 9 contracts

Samples: Warrant Agreement (Talton Invision Inc), Warrant Agreement (Talton Invision Inc), Warrant Agreement (Talton Invision Inc)

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Adjustments for Change in Capital Stock. In the event the Company shall --------------------------------------- shall (A) pay a stock dividend or make a distribution to holders of Common Stock in shares of its Common Stock, (B) subdivide its outstanding shares of Common Stock into a larger number of shares, (C) combine its outstanding shares of Common Stock into a smaller number of shares, (D) make a distribution on its Common Stock in shares of its capital stock other than Common Stock or preferred stock, (E) issue by reclassification of its shares of Common Stock any shares of capital stock of the Company, or (F) take any action which would result in any of the foregoing, then the Warrant Price and the number and kind of shares of capital stock of the Company issuable upon exercise of a Warrant as in effect immediately prior to such action shall then be proportionally adjusted so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. An adjustment made pursuant to this Section 7.1(a)(i) shall become effective retroactively immediately after the record date in the case of a dividend or distribution of Common Stock and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Company shall determine the allocation of the adjusted Warrant Price between the classes of capital stock. After such allocation, the exercise privilege and the Warrant Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section.

Appears in 5 contracts

Samples: Warrant Agreement (Talton Invision Inc), Warrant Agreement (Talton Invision Inc), Warrant Agreement (Talton Invision Inc)

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Adjustments for Change in Capital Stock. In the event the Company --------------------------------------- shall (A) pay a stock dividend or make a distribution to holders of Common Stock in shares of its Common Stock, (B) subdivide its outstanding shares of Common Stock into a larger number of shares, (C) combine its outstanding shares of Common Stock into a smaller number of shares, (D) make a distribution on its Common Stock in shares of its capital stock other than Common Stock or preferred stock, (E) issue by reclassification of its shares of Common Stock any shares of capital stock of the Company, or (F) take any action which would result in any of the foregoing, then the Warrant Price and the number and kind of shares of capital stock of the Company issuable upon exercise of a Warrant as in effect immediately prior to such action shall then be proportionally adjusted so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. An adjustment made pursuant to this Section 7.1(a)(i) shall become effective retroactively immediately after the record date in the case of a dividend or distribution of Common Stock and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Company shall determine the allocation of the adjusted Warrant Price between the classes of capital stock. After such allocation, the exercise privilege and the Warrant Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section.

Appears in 1 contract

Samples: Warrant Agreement (Evercom Inc)

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