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.
Appears in 1 contract
Sources: Subscription Agreement
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the share capital nominal value of the Company 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 prior to before such alteration by the following fraction: - where: A is the number nominal value of issued Shares one Share immediately before after such alteration; and B is the number nominal value of issued Shares one Share immediately after before such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Appears in 1 contract
Sources: Warrants Subscription Agreement
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the share capital nominal value of the Company Shares as a result of consolidation, subdivision or reclassification, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately prior to before such alteration by the following fraction: - where: A is the number nominal amount of issued Shares one Share immediately before after such alteration; and B is the number nominal amount of issued Shares one Share immediately after before such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Appears in 1 contract
Sources: Subscription Agreement
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the share capital nominal value of the Company 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 prior to such alteration by the following fraction: - where: A is the number nominal amount of issued Shares one Ordinary Share immediately before after such alteration; and B is the number nominal amount of issued Shares one Ordinary Share immediately after before such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Appears in 1 contract
Consolidation, Subdivision or Reclassification. If and whenever there shall be an alteration to the share capital nominal value of the Company 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 prior to before such alteration by the following fraction: - where: A is the number nominal value of issued Shares one Share immediately before after such alteration; and B is the number nominal value of issued Shares one Share immediately after before such alteration. Such adjustment shall become effective on the date the alteration takes effect.
Appears in 1 contract