Adjustments for Stock Splits, Dividends. If the Company shall issue any shares of the same class as the Warrant Stock as a stock dividend or subdivide the number of outstanding shares of such class into a greater number of shares, then, in either such case, the Exercise Price in effect before such dividend or subdivision shall be proportionately reduced and the number of shares of Warrant Stock at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased; and, conversely, if the Company shall contract the number of outstanding shares of the same class as the Warrant Stock by combining such shares into a smaller number of shares, then the Exercise Price in effect before such combination shall be proportionately increased and the number of shares of Warrant Stock at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the number of shares of Warrant Stock issuable shall be to the nearest whole share.
Appears in 3 contracts
Samples: Note and Warrant Purchase Agreement (Lumera Corp), Warrant Agreement (Refinery Science Corp), Note and Warrant Purchase Agreement
Adjustments for Stock Splits, Dividends. If the Company shall issue any shares of the same class as the Warrant Stock as a stock dividend or subdivide the number of outstanding shares of such class its Common Stock into a greater number of shares, then, in either such case, then the Per Share Exercise Price in effect before such dividend or subdivision shall be proportionately reduced and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased; and, conversely, if the Company shall contract reduce the number of outstanding shares of the same class as the Warrant its Common Stock by combining such shares into a smaller number of shares, then the Per Share Exercise Price in effect before such combination shall be proportionately increased and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the number of shares of Warrant Stock Shares issuable shall be to the nearest whole share.
Appears in 1 contract
Adjustments for Stock Splits, Dividends. If the Company shall issue any shares of the same class as the Warrant Stock as a stock dividend or subdivide the number of outstanding shares of such the same class as the Warrant Shares into a greater number of shares, then, in either such case, the Exercise Price in effect before such dividend or subdivision shall be proportionately reduced and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased; and, conversely, if the Company shall contract the number of outstanding shares of the same class as the Warrant Stock Shares by combining such shares into a smaller number of shares, then the Exercise Price in effect before such combination shall be proportionately increased and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the number of shares of Warrant Stock Shares issuable shall be to the nearest whole share.
Appears in 1 contract
Adjustments for Stock Splits, Dividends. If the Company shall issue any subdivide the number of outstanding shares of the same class as the Warrant Stock as a stock dividend or subdivide the number of outstanding shares of such class Shares into a greater number of shares, then, in either such case, then the Exercise Price in effect before such dividend or subdivision shall be proportionately reduced and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased; and, conversely, if the Company shall contract the number of outstanding shares of the same class as the Warrant Stock Shares by combining such shares into a smaller number of shares, then the Exercise Price in effect before such combination shall be proportionately increased and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the number of shares of Warrant Stock Shares issuable shall be to the nearest whole share.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Kibush Capital Corp)
Adjustments for Stock Splits, Dividends. If the Company shall issue any subdivide the number of outstanding shares of the same class as the Warrant Stock as a stock dividend or subdivide the number of outstanding shares of such class Shares into a greater number of shares, thenor issue a dividend of Warrant Shares on Warrant Shares, in either such case, then the Exercise Price in effect before such dividend or subdivision shall be proportionately reduced and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise of this Warrant shall be proportionately increased; and, conversely, if the Company shall contract the number of outstanding shares of the same class as the Warrant Stock Shares by combining such shares into a smaller number of shares, then the Exercise Price in effect before such combination shall be proportionately increased and the number of shares of Warrant Stock Shares at that time issuable pursuant to the exercise or conversion of this Warrant shall be proportionately decreased. Each adjustment in the number of shares of Warrant Stock Shares issuable shall be to the nearest whole share.
Appears in 1 contract