Common use of Dividend, Subdivision, Combination or Reclassification of Common Stock Clause in Contracts

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (w) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 4 contracts

Samples: Vaalco Energy Inc /De/, Vaalco Energy Inc /De/, Vaalco Energy Inc /De/

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Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that If the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (wa) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (xb) subdivide the outstanding shares of Common Stock into a larger number of shares, (yc) combine the outstanding shares of Common Stock into a smaller number of shares or (zd) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section Paragraph 5), then, and in each such case, (Ai) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (Bii) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant Share Number immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable Share Number immediately thereafter. An adjustment made pursuant to this Section Paragraph 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution distribution, or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 2 contracts

Samples: Daleen Technologies Inc, Daleen Technologies Inc

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that If the Company shall shall, at any time or from time to time, after the issuance prior to exercise in full of this Warrant but prior to the exercise hereof, Warrant: (wa) make pay a dividend or otherwise make a distribution on the outstanding shares of Common Stock payable in Capital Stock, ; (xb) subdivide the outstanding shares of Common Stock into a larger number of shares, ; (yc) combine the outstanding shares of Common Stock into a smaller number of shares shares; or (zd) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate Exercise Price and the number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") hereunder in effect immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall thereafter be entitled to receive receive, upon the exercise of the unexercised portion of this Warrant Warrant, the number of shares of Common Stock or other securities of the Company that it such Warrantholder would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafterevent. An adjustment made pursuant to this Section 5.1 shall become effective retroactively retroactively: (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution distribution; or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 2 contracts

Samples: Stockholders’ Agreement (Aspen Aerogels Inc), Stockholders’ Agreement (Aspen Aerogels Inc)

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that If the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (w) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 54), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") Number immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant Share Number immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable Share Number immediately thereafter. An adjustment made pursuant to this Section 5.1 5.2 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 1 contract

Samples: Horizon Medical Products Inc

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that If the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (w) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares shares, through a reverse stock split or otherwise, or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 1 contract

Samples: Tickets Com Inc

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall If Borrower shall, at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (wA) make declare a dividend or distribution on the outstanding shares of Common Stock payable in Capital shares of its capital stock (including Common Stock), (xB) subdivide the outstanding shares of Common Stock into a larger number of sharesshares of Common Stock, (yC) combine the outstanding shares of Common Stock into a smaller number of shares of its Common Stock, or (zD) issue any shares of its Capital Stock capital stock in a reclassification of the Common Stock (other than including any such event for reclassification in connection with a consolidation or merger in which an adjustment Borrower is made pursuant to another clause of this Section 5the continuing corporation), then, and then in each such case, (A) the aggregate number Conversion Price in effect at the time of Warrant Shares the record date for which this Warrant is exercisable (such dividend or of the "Warrant Share Number") immediately prior to effective date of such event subdivision, combination or reclassification shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder Lender upon conversion after such date shall be entitled to receive upon exercise of this Warrant the aggregate number and kind of shares of Common Stock or other securities of the Company that it capital stock which, if this Note had been converted immediately prior to such date, such holder would have owned or would have upon such conversion and been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence virtue of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to dividend, subdivision, combination or reclassification. Any such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in immediately after the case record date of any such dividend or distribution, to a the effective date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification. Such adjustment shall be made successively whenever any event listed above shall occur. If a dividend is declared and such dividend is not paid, the Conversion Price shall again be adjusted to be the close of business on the day upon which Conversion Price, in effect immediately prior to such corporate action becomes effectiverecord date (giving effect to all adjustments that otherwise would be required to be made pursuant to this section from and after such record date).

Appears in 1 contract

Samples: Max & Ermas Restaurants Inc

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall at any time or from time to time, after the issuance of this Warrant Warrant, but prior to the exercise hereof, (wi) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stockshares of the Company’s capital stock, (xii) subdivide the outstanding shares of Common Stock into a larger number of shares, (yiii) combine the outstanding shares of Common Stock into a smaller number of shares or (ziv) issue any shares of its Capital Stock capital stock in a recapitalization, reorganization or reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 57), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder Holder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 7(a) shall become effective retroactively (xi) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (yii) in the case of any such subdivision, combination combination, reclassification, recapitalization or reclassificationreorganization, to the close of business on the day upon which such corporate action becomes effective.

Appears in 1 contract

Samples: MAKO Surgical Corp.

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Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that If the Company shall at any time or from time to time, after the issuance of this Warrant Closing Date but prior to the exercise hereof, (w) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant Share Number immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable Share Number immediately thereafter. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Skiing Co /Me)

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall at any time or from time to time, time after the issuance of this Warrant but prior to the exercise hereof, (wa) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (xb) subdivide the outstanding shares of Common Stock into a larger number of shares, (yc) combine the outstanding shares of Common Stock into a smaller number of shares or (zd) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 54), then, and in each such case, (Ai) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") Aggregate Number immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (Bii) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 4.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective.

Appears in 1 contract

Samples: Affinion Group, Inc.

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (wa) make a dividend or distribution on the outstanding shares of Common Stock or Class A Common Stock payable in Capital shares of Class A Common Stock, (xb) subdivide the outstanding shares of Class A Common Stock into a larger number of shares, (yc) combine the outstanding shares of Common Stock or Class A Common Stock into a smaller number of shares or (zd) issue any shares of its Capital Stock in a reclassification of the Common Stock or Class A Common Stock (other than any such event for which an adjustment is made pursuant to another clause provision of this Section 512), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") , immediately prior to such event shall be adjusted solely by adjusting the number of shares of Class A common stock issuable upon exercise of such Warrant (except for any adjustment resulting from a decrease in the number of shares of Common Stock or Class A Common Stock outstanding, in which case the Warrant Share Number in respect of the Common Stock represented hereby shall be revised proportionally to the effect on the outstanding number of shares of Common Stock) (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon the exercise of this Warrant the a number of shares of Common Stock and Class A Common Stock, or other securities of the Company that it the Warrantholder would have owned or would have been entitled to receive upon or by reason of any of the events event described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) event, calculated to the Exercise Price payable upon the exercise nearest 1/1,000th of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereaftershare. An Any adjustment made pursuant to this Section 5.1 12(A) shall become effective retroactively (xi) in the case of any such dividend or distribution, to a the date immediately following the close of business on the record date for the determination of holders of shares of Common Stock or Class A Common Stock, as the case may be, entitled to receive such dividend or distribution or (yii) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon date on which such corporate action becomes effective. In the event that the Charter is amended to permit the Company to (a) make a dividend or distribution on the outstanding shares of Class B Common Stock payable in shares of Class B Common Stock or (b) subdivide the outstanding shares of Class B Common Stock into a larger number of shares, this Section 12(A) shall be deemed to be equitably amended, without any further action by the parties hereto, to reflect such change to the Charter to ensure that Warrantholders continue to be eligible to participate proportionately in any distribution of the Net Litigation Recovery made in respect of the Class B Common Stock.

Appears in 1 contract

Samples: Warrant Agreement (Overseas Shipholding Group Inc)

Dividend, Subdivision, Combination or Reclassification of Common Stock. In the event that the Company shall at any time or from time to time, after the issuance of this Warrant but prior to the exercise hereof, (w) make a dividend or distribution on the outstanding shares of Common Stock payable in Capital Stock, (x) subdivide the outstanding shares of Common Stock into a larger number of shares, (y) combine the outstanding shares of Common Stock into a smaller number of shares or (z) issue any shares of its Capital Stock in a reclassification of the Common Stock (other than any such event for which an adjustment is made pursuant to another clause of this Section 5), then, and in each such case, (A) the aggregate number of Warrant Shares for which this Warrant is exercisable (the "Warrant Share Number") immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the Company) so that the Warrantholder shall be entitled to receive upon exercise of this Warrant the number of shares of Common Stock or other securities of the Company that it would have owned or would have been entitled to receive upon or by reason of any of the events described above, had this Warrant been exercised immediately prior to the occurrence of such event and (B) the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares issuable immediately thereafter. An adjustment made pursuant to this Section 5.1 shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective. Notwithstanding the foregoing, the adjustment pursuant to this Section 5.1 shall not apply to the Warrant Shares if the number of shares of Common Stock issuable under this Warrant is calculated based on the Warrant Percentage.

Appears in 1 contract

Samples: Natur International Corp.

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