Common use of Consolidation and Division Clause in Contracts

Consolidation and Division. In the event that during the Warrant Period the Company consolidates its share capital into shares of greater par value, or subdivides them into shares of lesser par value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall be reduced or increased accordingly, as the case may be, and in each case the Exercise Price shall be adjusted appropriately such that the aggregate consideration hereunder to the Company shall not change.

Appears in 6 contracts

Samples: Convertible Notes Agreement (Motus GI Holdings, Inc.), Convertible Notes Agreement (Motus GI Holdings, Inc.), Preferred D1 Warrant (Check-Cap LTD)

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Consolidation and Division. In the event that during the Warrant Period the Company consolidates its entire share capital and/or the class of shares representing the Warrant Shares into shares of greater par value, or subdivides them into shares of lesser par value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall be reduced or increased accordingly, as the case may be, and in each case the Exercise Price shall be adjusted appropriately such that the aggregate consideration hereunder to the Company shall not change.

Appears in 4 contracts

Samples: PolyPid Ltd., PolyPid Ltd., PolyPid Ltd.

Consolidation and Division. In the event that during the Warrant Period the Company consolidates its share capital into shares of greater par value, or subdivides them into shares of lesser par value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall be reduced or increased accordingly, as the case may be, and in each case the Exercise Price shall be adjusted appropriately such that the aggregate consideration hereunder to the Company shall not change.

Appears in 2 contracts

Samples: Check-Cap LTD, Check-Cap LTD

Consolidation and Division. In the event that during the Warrant Period the Company consolidates its share capital into shares of greater par value, or subdivides them into shares of lesser par value, then the number of Warrant Shares to be allotted on upon exercise of this Warrant after such consolidation or subdivision shall be reduced or increased accordingly, as the case may be, and in each case the Exercise Price shall be adjusted appropriately such that the aggregate consideration hereunder to the Company shall not change.

Appears in 2 contracts

Samples: Convertible Loan Credit Line Agreement (Macrocure Ltd.), Macrocure Ltd.

Consolidation and Division. In the event that during the Warrant Period If the Company consolidates its share capital shares into shares of greater par nominal value, or subdivides them into shares of lesser par nominal value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall and the Exercise Price will be reduced or increased accordinglyincreased, as the case may be, and in each case the Exercise Price shall . The Holder will not be adjusted appropriately such that the aggregate consideration hereunder entitled to the Company shall not changereceive a fraction of a Warrant Share.

Appears in 1 contract

Samples: Outbrain Inc.

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Consolidation and Division. In the event that during the Warrant Period If the Company consolidates its share capital Warrant Shares into shares of greater par nominal value, or subdivides them into shares of lesser par nominal value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall and the Exercise Price will be reduced or increased accordinglyincreased, as the case may be, and in each case the Exercise Price shall . The Holder will not be adjusted appropriately such that the aggregate consideration hereunder entitled to the Company shall not changereceive a fraction of a Warrant Share.

Appears in 1 contract

Samples: Outbrain Inc.

Consolidation and Division. In the event that during the Warrant Period If the Company consolidates its share capital Ordinary Shares into shares of greater par nominal value, or subdivides them into shares of lesser par nominal value, then the number of Warrant Shares to be allotted on exercise of this Warrant after such consolidation or subdivision shall will be reduced or increased accordinglyincreased, as the case may be, and in each case the Exercise Price shall be adjusted appropriately such that the aggregate consideration hereunder to the Company shall not change.

Appears in 1 contract

Samples: Employment Agreement (Precise Software Solutions LTD)

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