Common use of Adjustments for Stock Splits, Etc Clause in Contracts

Adjustments for Stock Splits, Etc. If the Company shall at any time after the Issue Date subdivide its outstanding Common Stock, by split-up or otherwise, or combine its outstanding Common Stock, or issue additional shares of its capital stock in payment of a stock dividend in respect of its Common Stock, the number of shares issuable on the exercise of the unexercised portion of this Warrant shall forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately decreased in the case of a combination, and the Exercise Price then applicable to shares covered by the unexercised portion of this Warrant shall forthwith be proportionately decreased in the case of a subdivision or stock dividend, or proportionately increased in the case of combination.

Appears in 3 contracts

Samples: Supplemental Line of Credit Agreement (Galectin Therapeutics Inc), Line of Credit Agreement (Galectin Therapeutics Inc), Line of Credit Agreement (Galectin Therapeutics Inc)

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Adjustments for Stock Splits, Etc. If the Company shall will at any time after the Issue Date declare a stock dividend, subdivide its outstanding Common StockStock (or Other Securities), by split-up or otherwise, or combine its outstanding Common Stock, Stock (or issue additional shares of its capital stock in payment of a stock dividend in respect of its Common StockOther Securities), the number of shares issuable on the exercise of the unexercised portion of this Warrant shall will forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately decreased in the case of a combination, and the Exercise Price then applicable to shares covered by the unexercised portion of this Warrant shall will forthwith be proportionately decreased in the case of a subdivision or stock dividend, or proportionately increased in the case of combination.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Energy Conversion Devices Inc), Stock Purchase Agreement (Energy Conversion Devices Inc)

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