Common use of Combination of Stock Clause in Contracts

Combination of Stock. If the number of shares of Common Stock outstanding at any time after the date of the issuance of the Warrants shall have been decreased by a combination of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, the number of Warrant Shares to be delivered upon exercise of each Warrant will be decreased so that the Warrantholder thereafter will be entitled to receive the number of Warrant Shares that such Warrantholder would have owned immediately following such action had such Warrant been exercised immediately prior thereto, and the Exercise Price will be adjusted as provided in Section 11(g) hereof.

Appears in 2 contracts

Samples: Plan Warrant Agreement (Marvel Enterprises Inc), Class C Warrant Agreement (Marvel Enterprises Inc)

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Combination of Stock. If the number of shares of Common Stock outstanding at any time after the date of the issuance of the Warrants shall have been decreased by a combination or reverse split of the outstanding shares of Common Stock, then, immediately after the effective date of such combination, then the number of Warrant Shares to be delivered upon exercise of each Warrant the Warrants will be decreased so that the Warrantholder Holder thereafter will shall be entitled to receive the number of Warrant Shares that such Warrantholder the Holder would have owned immediately following such action had such Warrant the Warrants been exercised immediately prior theretoto such combination or reverse split, and the Exercise Price will shall be adjusted as provided for in subsection (d) of this Section 11(g) hereof9.

Appears in 2 contracts

Samples: Warrant Agreement (Genmar Holdings Inc), Warrant Agreement (Marex Com Inc)

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