Consolidation, Subdivision or Reclassification Sample Clauses

Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the nominal value of the Shares as a result of consolidation, subdivision or reclassification, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such alteration by the following fraction:
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the nominal value of the Shares as a result of a consolidation, subdivision or reclassification of the Shares, the Subscription Price shall be adjusted by multiplying the Subscription Price in force immediately before such alteration by the following fraction: 𝐴 where: A is the nominal value of one Share immediately after such alteration; and B is the nominal value of one Share immediately before such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Sample 1See All (4)
Consolidation, Subdivision or Reclassification. (i) If and whenever the Company will issue any Shares as a dividend, including as a Scrip Dividend, or distribution on the Shares, or if the Company shall effect a share split or share combination, each of the Conversion Share Price and the Floor Share Price will be adjusted by multiplying each of the Conversion Share Price and the Floor Share Price in force immediately before such alteration by the following fraction: A where: A is the number of Shares outstanding immediately prior to the open of business on the applicable dividend date or effective date; and B is the number of Shares outstanding immediately after the open of business on the applicable ex-dividend date or effective date; and Such adjustment will become effective immediately after the open of business on the applicable ex-dividend date or effective date.
Sample 1
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration in the number of Ordinary Shares outstanding as a result of a consolidation, subdivision, share split, reverse share split, reclassification or other alteration of the Issuer’s share capital, the Exercise Price shall be adjusted by multiplying the Exercise Price in force immediately before such alteration by the following fraction: A where:
Sample 1
Consolidation, Subdivision or Reclassification. (i) If and whenever the Company will issue any Shares as a dividend, including as a Scrip Dividend, or distribution on the Shares, or if the Company shall effect a share split or share combination, the then appliable Conversion Price and the Floor Share Price will be adjusted by multiplying such prices in force immediately before such alteration by the following fraction:
Sample 1
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the nominal value of the Shares as a result of consolidation, subdivision or reclassification, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such alteration by the following fraction: where: A is the nominal value of one Share immediately after such alteration; and B is the nominal value of one Share immediately before such alteration. Such adjustment shall become effective on the date the alteration takes effect or, in the case of an alteration to the nominal value of the Shares as a result of consolidation, if a record date is fixed therefor immediately after such record date. Any such adjustment shall be subject to any subsequent adjustment pursuant to these Conditions.
Sample 1
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the share capital of the Company as a result of consolidation, subdivision or reclassification, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately prior to such alteration by the following fraction: - where: A is the number of issued Shares immediately before such alteration; and B is the number of issued Shares immediately after such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Sample 1
AutoNDA by SimpleDocs

Related to Consolidation, Subdivision or Reclassification

  • Stock Splits, Subdivisions, Reclassifications or Combinations If the Company shall (i) declare and pay a dividend or make a distribution on its Common Stock in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder after such date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive in respect of the shares of Common Stock subject to this Warrant after such date had this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by (y) the new number of Shares issuable upon exercise of the Warrant determined pursuant to the immediately preceding sentence.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!