Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the Conversion Price of each series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 17 contracts
Samples: Master Closing Agreement, Form 1 a/A, Business Financing Agreement (Rimini Street, Inc.)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the Conversion Price of each series share of Class A-1 Preferred Stock then in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) consolidated into a lesser number of shares of Common Stock, the Conversion Prices Price of each share of Class A-1 Preferred Stock then in effect immediately prior to such combination shall, concurrently with the effectiveness of such combinationcombination or consolidation, be proportionately increased.
Appears in 6 contracts
Samples: Conversion Agreement (Small World Kids Inc), Conversion Agreement (Small World Kids Inc), Conversion Agreement (Small World Kids Inc)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), ) into a greater number of shares of Common Stock, the Conversion Price of each series of the Flash Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices Price in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 5 contracts
Samples: Flash Seed Preferred Stock Subscription Agreement, Flash Seed Preferred Stock Subscription Agreement, Flash Seed Preferred Stock Subscription Agreement
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend dividend, reclassification or otherwise), into a greater number of shares of Common StockStock or the Company declares a dividend payable in any right to acquire Common Stock for no consideration, the Conversion Warrant Price of each series of Preferred Stock in effect immediately prior to such subdivision event shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (or consolidated by reclassification or otherwise) otherwise into a lesser number of shares of Common Stock, the Conversion Prices Warrant Price then in effect immediately prior to such combination shall, concurrently with the effectiveness of such combinationcombination or consolidation, be proportionately increased.
Appears in 2 contracts
Samples: Warrant Agreement (Power Medical Interventions, Inc.), Warrant Agreement (Power Medical Interventions, Inc.)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend Recapitalization or otherwise), into a greater number of shares of Common Stock, the Conversion Price of each series of the Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification a Recapitalization or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices Price in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Nemus Bioscience, Inc.), Securities Purchase Agreement (Nemus Bioscience, Inc.)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the Conversion Price of each series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increasedadjusted.
Appears in 2 contracts
Samples: Merger Agreement (iHookup Social, Inc.), Merger Agreement (iHookup Social, Inc.)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, without a corresponding subdivision of the Conversion Price of each series of Preferred Stock Stock, the Series B Voting Amount in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreasedadjusted. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, without a corresponding combination of the Conversion Prices Preferred Stock, the Series B Voting Amount in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increasedadjusted.
Appears in 1 contract
Samples: Plan of Reorganization and Asset Purchase Agreement (Petron Energy II, Inc.)
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares Shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares Shares of Common Stock, the Conversion Price of each series of Preferred the Share Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares Shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares Shares of Common Stock, the Conversion Prices Price in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 1 contract
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, the applicable Conversion Price of each series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the applicable Conversion Prices Price in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 1 contract
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), ) into a greater number of shares of Common Stock, the Conversion Price of each series of the Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices Price of the Preferred Stock in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 1 contract
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), ) into a greater number of shares of Common Stock, the Conversion Price of each for a series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, the Conversion Prices Price for a series of Preferred Stock in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 1 contract
Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, without a corresponding subdivision of the Series A Convertible Preferred Stock, the applicable Conversion Price of each series of Preferred Stock in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately decreased. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, without a corresponding combination of the Series A Convertible Preferred Stock, the Conversion Prices Price in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately increased.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Vision Global Solutions Inc)