Common use of Consolidation, Subdivision or Reclassification Clause in Contracts

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.

Appears in 1 contract

Samples: Subscription Agreement

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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 Sharesreclassification, the Subscription Conversion Price shall be adjusted by multiplying the Subscription Conversion Price in force immediately before such alteration by the following fraction: 𝐴A where: A is the nominal valueamount of one Share immediately after such alteration; and B is the nominal valueamount of one Share immediately before such alteration. Such adjustment shall become effective on the date the alteration takes effect.

Appears in 1 contract

Samples: Subscription Agreement

Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the nominal value of the Ordinary Shares as a result of a consolidation, subdivision or reclassification of the Sharesreclassification, the Subscription Price Conversion Rate shall be adjusted by multiplying the Subscription Price Conversion Rate in force immediately before prior to such alteration by the following fraction: 𝐴 where: A is the nominal valueamount of oneOrdinary Share immediately after such alteration; and B is the nominal valueamount of oneOrdinary Share immediately before such alteration. Such adjustment shall become effective on the date the alteration takes effect.

Appears in 1 contract

Samples: Agreement (Nam Tai Electronics Inc)

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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 Conversion Price shall be adjusted by multiplying the Subscription Conversion 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.

Appears in 1 contract

Samples: Alat Technologies Company

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