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 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 amount of one Share immediately after such alteration; and B is the nominal amount 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 reclassificationreclassification of the Shares, the Conversion Subscription Price shall be adjusted by multiplying the Conversion Subscription Price in force immediately before such alteration by the following fraction: where: A is the nominal amount value of one Share immediately after such alteration; and B is the nominal amount 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: Warrants 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 consolidation, subdivision or reclassification, the Conversion Price Rate shall be adjusted by multiplying the Conversion Price Rate in force immediately before prior to such alteration by the following fraction: where: A is the nominal amount of one Ordinary Share immediately after such alteration; and B is the nominal amount of one Ordinary Share immediately before such alteration. Such adjustment shall become effective on the date the alteration takes effect.

Appears in 1 contract

Samples: Investment 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 reclassificationreclassification of the Shares, 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 amount value of one Share immediately after such alteration; and B is the nominal amount 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: Convertible Bonds Subscription Agreement

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