Adjustments to Conversion. Prices for Stock Dividends and for Combinations or Subdivisions of Common Stock. In the event that CareCentric at any time or from time to time after the date of this Agreement shall declare or pay any dividend on the Common Stock payable in Common Stock or in any right to acquire Common Stock for no consideration, or shall effect a subdivision of the outstanding shares of Common Stock into a greater number of shares of Common Stock (by stock split, reclassification or otherwise), or in the event the outstanding shares of Common Stock shall be combined or consolidated, by reclassification or otherwise, into a lesser number of shares of Common Stock, then the Conversion Price in effect immediately prior to such event shall, concurrently with the effectiveness of such event, be proportionately decreased or increased, as appropriate. In the event that CareCentric shall declare or pay any dividend on the Common Stock payable in any right to acquire Common Stock for no consideration, then CareCentric shall be deemed to have made a dividend payable in Common Stock in an amount of shares equal to the maximum number of shares issuable upon exercise of such rights to acquire Common Stock.
Appears in 5 contracts
Samples: Secured Convertible Credit Facility and Security Agreement (Reed John E), Facility and Security Agreement (Carecentric Inc), Convertible Credit Facility and Security Agreement (Carecentric Inc)
