Common use of Adjustments for Reverse Stock Splits Clause in Contracts

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 18 contracts

Samples: Note (Cinedigm Corp.), Note (Cinedigm Corp.), Financing Agreement (Echo Automotive, Inc.)

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Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding sharesincreased.

Appears in 7 contracts

Samples: Promissory Note (Apd Antiquities, Inc.), Convertible Promissory Note (Apd Antiquities, Inc.), Convertible Promissory Note (Apd Antiquities, Inc.)

Adjustments for Reverse Stock Splits. If the number of shares of ------------------------------------ Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Biomarin Pharmaceutical Inc), Convertible Note Purchase Agreement (Biomarin Pharmaceutical Inc)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof Issuance Date is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the IPO Conversion Price for this Note or the Modified Conversion Price, as the case may be, shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof of this Note or the number of shares of Common Stock issuable upon conversion of the Series G Preferred Stock, as the case may be, shall be decreased in proportion to such decrease in outstanding shares.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Ceres, Inc.), Convertible Note Purchase Agreement (Ceres, Inc.)

Adjustments for Reverse Stock Splits. If the number of shares of Maker Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Maker Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Maker Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 2 contracts

Samples: Master Agreement (Seanergy Maritime Corp.), Master Agreement (Seanergy Maritime Corp.)

Adjustments for Reverse Stock Splits. If In the number of shares of Common Stock outstanding event the Company should at any time or from time to time after the date of issuance hereof is decreased by fix a record date for the effectuation of a combination (whether by reverse stock split or reverse subdivision or otherwise) of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Senior Secured Convertible Promissory Note (Ista Pharmaceuticals Inc)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof Effective Date is decreased by a combination of the outstanding shares of Common Stock, Stock then, following the record date of such combination, the Conversion Exercise Price for this Note any Warrants shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof exercise thereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Loan Agreement (Micro General Corp)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note Debenture shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Asset Purchase Agreement (Isolyser Co Inc /Ga/)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock Conversion Shares issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Termination Agreement (Inuvo, Inc.)

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Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, then following the record date of such combination, the Conversion Price for this Note Debenture shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Debenture and Warrant Purchase Agreement (E Com Technologies Corp)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note Warrant shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Agreement for Sale of Membership Interests (Miller Petroleum Inc)

Adjustments for Reverse Stock Splits. If the number numbers of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Employment Agreement (World Information Technology Inc)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note Debenture shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof or as an interest payment on this Debenture shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Unsecured Convertible Promissory Note (IMMS, Inc.)

Adjustments for Reverse Stock Splits. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding shares of Common Stock, then, following the record date of such combination, the Conversion Price for this Note shall be appropriately increased so that the number of shares of Common Stock issuable on conversion hereof shall be decreased in proportion to such decrease in outstanding shares.

Appears in 1 contract

Samples: Convertible Note Agreement (Deltapoint Inc)

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