Common use of Adjustments for Combinations Clause in Contracts

Adjustments for Combinations. In case the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Warrant Price in effect immediately prior to the combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased. Adjustment under this Section 4.5 shall become effective at the close of business on the day immediately prior to the day upon which the corporate action becomes effective.

Appears in 16 contracts

Samples: Common Stock Purchase Warrant (Conversion Services International Inc), Common Stock Purchase Warrant (Conversion Services International Inc), Common Stock Purchase Warrant (Conversion Services International Inc)

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Adjustments for Combinations. In case the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Warrant Price in effect immediately prior to the combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased. Adjustment under this Section 4.5 4.2 shall become effective at the close of business on the day immediately prior to the day upon which the corporate action becomes effective.

Appears in 4 contracts

Samples: Common Stock Purchase Warrant (Conversion Services International Inc), Common Stock Purchase Warrant (Conversion Services International Inc), Warrant And (Conversion Services International Inc)

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Adjustments for Combinations. In case the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, the Warrant Exercise Price in effect immediately prior to the combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be proportionately increased. Adjustment under this Section 4.5 4.2 shall become effective at the close of business on the day immediately prior to the day upon which the corporate action becomes effective.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Protein Polymer Technologies Inc)

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