Common use of Antidilution Clause in Contracts

Antidilution. (a) If, prior to the Expiration Time, the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, or declare and pay a dividend of its Common Stock payable in additional shares of its Common Stock, the Purchase Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of shares of Common Stock then subject to exercise under this Warrant (and not previously exercised).

Appears in 4 contracts

Samples: Agreement (Bainbridge Bancshares Inc), Metro Bancshares, Inc., Metro Bancshares, Inc.

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Antidilution. (a) If, prior to the Expiration Time, the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, or declare and pay a dividend of its Common Stock payable in additional shares of its Common Stock, the Purchase Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of shares of Common Stock then subject to exercise under this Warrant (and not previously exercised).. Metro Bancshares, Inc. Organizer Stock Purchase Warrant Dated _____________, 2007

Appears in 1 contract

Samples: Metro Bancshares, Inc.

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Antidilution. (a) If, If prior to the Expiration Time, the Company Corporation shall subdivide its outstanding shares of Common Stock into a greater number of shares, or declare and pay a dividend of on its Common Stock payable in additional shares of its Common Stock, the Purchase Price, Price as then in effect, effect shall be proportionately reduced, and the Company shall proportionately increase the number of shares of Common Stock then subject to exercise under this the Warrant (and not previously exercised), shall be proportionately increased.

Appears in 1 contract

Samples: Millennium Bankshares Corp

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