Common use of Adjustments of Exercise Price Clause in Contracts

Adjustments of Exercise Price. If the outstanding Shares are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Exercise Price shall be proportionately increased. If the outstanding Shares are divided, by reclassification or otherwise, into a greater number of shares, the Exercise Price shall be proportionately decreased.

Appears in 4 contracts

Samples: Subordinated Convertible Loan Facility and Security Agreement (Enphase Energy, Inc.), Subordinated Convertible Loan Facility and Security Agreement (Enphase Energy, Inc.), Warrant Agreement (Enphase Energy, Inc.)

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Adjustments of Exercise Price. If the outstanding Shares are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, subsequent to the Issue Date, the Exercise Price shall be proportionately increased. If the outstanding Shares are divided, by reclassification or otherwise, into a greater number of shares, the Exercise Price shall be proportionately decreased.

Appears in 4 contracts

Samples: Warrant Agreement (Republic Financial Indemnity Group, Inc.), Warrant Agreement (Zynga Inc), Warrant Agreement (Zynga Inc)

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