Adjustments of Conversion Price upon Stock Splits and Combinations. (i) If the Company shall at any time or from time to time after the Issuance Date, effect a stock split of the outstanding Shares, the Conversion Price shall be proportionately decreased. For example, a 2:1 stock split shall result in a decrease in the Conversion Price by one half, taking into account all prior adjustments made thereto under this Section 7. If the Company shall at any time or from time to time after the Issuance Date, combine the outstanding Shares, the Conversion Price shall be proportionately increased. For example, a 1:2 combination shall result in an increase in the Conversion Price by a multiple of 2, taking into account all prior adjustments made thereto under this Section 7.
Appears in 6 contracts
Samples: Convertible Note Purchase Agreement, Convertible Note Sale Agreement (Cordlife Group LTD), Registration Rights Agreement (KKR & Co. L.P.)
