Common use of Anti-Dilution Clause in Contracts

Anti-Dilution. In the event that the Company shall at any time subdivide the outstanding shares of Common Stock, or shall issue a stock dividend on the outstanding Common Stock, the Conversion Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the Conversion Price in effect immediately prior to such combination shall be proportionately increased, effective at the close of business on the date of such subdivision, dividend or combination as the case may be.

Appears in 12 contracts

Samples: Securities Purchase Agreement (MobiVentures Inc.), Convertible Note (Cargo Connection Logistics Holding, Inc.), Convertible Note (Cargo Connection Logistics Holding, Inc.)

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Anti-Dilution. In the event that the Company shall at any time subdivide the outstanding shares of Common Stock, or shall issue a stock dividend on the outstanding Common Stock, the Conversion Price in effect immediately prior to such subdivision or of the issuance of such dividend shall be proportionately decreaseddecreased and, and in the event that the Company shall at any time combine the outstanding shares of Common Stockstock, the Conversion Price price in effect immediately prior to such combination shall be proportionately proportionally increased, effective at the close of business on the date of such subdivision, dividend or combination as the case may be.

Appears in 1 contract

Samples: Subscription Agreement (Xiom Corp)

Anti-Dilution. In the event that the Company shall at any time subdivide the outstanding shares of Common Stock, or shall issue a stock dividend on the outstanding Common Stock, the Conversion Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreasedproportionally decreased and, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the Conversion Price in effect immediately prior to before such combination shall be proportionately proportionally increased, effective at the close of business on the date of such subdivision, dividend or combination as the case may might be.

Appears in 1 contract

Samples: Convertible Security Agreement (Nu-Med Plus, Inc.)

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Anti-Dilution. In the event that the Company shall at any time subdivide the outstanding shares of Common Stock, or shall issue a stock dividend on the outstanding Common Stock, the Conversion Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the Conversion Price in effect immediately prior to such combination shall be proportionately increased, effective at the close of business on the date of such subdivision, dividend or combination as the case may be.

Appears in 1 contract

Samples: Convertible Note (Empyrean Bioscience Inc)

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