AND COMBINATIONS Sample Clauses

AND COMBINATIONS. In the event that, at any time and from time to time after the Initial Exercise Date, the Company shall (a) issue additional shares of Common Stock (or other applicable Warrant Shares) as a dividend or other distribution on outstanding shares of Common Stock (or other applicable Warrant Shares), (b) subdivide its outstanding shares of Common Stock (or other applicable Warrant Shares) into a greater number of shares of Common Stock (or other applicable Warrant Shares) or (c) combine its outstanding shares of Common Stock (or other applicable Warrant Shares) into a smaller number of shares of Common Stock (or other applicable Warrant Shares), then, in each such event, (x) the Exercise Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then current Exercise Price by a fraction, (i) the numerator of which shall be the total number of shares of Common Stock (or other applicable Warrant Shares) outstanding immediately prior to such event, and (ii) the denominator of which shall be the total number of shares of Common Stock (or other applicable Warrant Shares) outstanding immediately after such event, and the product so obtained shall thereafter be the Exercise Price then in effect, and (y) the number of Warrant Shares shall be adjusted by increasing or decreasing, as the case may be, the number of shares of Common Stock (or other applicable Warrant Shares) included within the Warrant Shares by the percentage increase or decrease in the total number of shares of Common Stock (or other applicable Warrant Shares) outstanding immediately after such event over the total number of shares of Common Stock (or other applicable Warrant Shares) outstanding immediately prior to such event and the result so obtained shall be the Warrant Shares then in effect. The Exercise Price and the Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Article III.