Common use of Dividends, Subdivisions, Reclassifications, Etc Clause in Contracts

Dividends, Subdivisions, Reclassifications, Etc. In case at any time or from time to time after the date of execution of this Agreement, the Company shall (i) take a record of the holders of shares for the purpose of entitling them to receive a dividend or a distribution on shares payable in shares or another class of securities, (ii) subdivide or reclassify its outstanding share of shares into a greater number shares, or (iii) combine or reclassify its outstanding shares into a smaller number of shares, then, and in each such case, 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 in such a manner that the Exercise Price for the shares issuable upon exercise of the Warrant immediately after such event shall bear the same ratio to the Exercise Price in effect immediately prior to any such event as the total number of shares outstanding immediately prior to such event shall bear to the total number of shares outstanding immediately after such event.

Appears in 9 contracts

Samples: Warrant Agreement (Tibet Pharmaceuticals, Inc.), Warrant Agreement (China Yuan Hong Fire Control Group Holdings LTD), Warrant Agreement (Tai Shan Communications, Inc.)

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Dividends, Subdivisions, Reclassifications, Etc. In case at any time or from time to time after the date of execution of this Agreement, the Company shall (i) take a record of the holders of shares Common Shares for the purpose of entitling them to receive a dividend or a distribution on shares Common Shares payable in shares Common Shares or another other class of securities, (ii) subdivide or reclassify its outstanding share of shares Common Shares into a greater number of shares, or (iii) combine or reclassify its outstanding shares Common Shares into a smaller number of shares, then, and in each such case, 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 in such a manner that the Exercise Price for the shares issuable upon exercise of the Warrant Warrants immediately after such event shall bear the same ratio to the Exercise Price in effect immediately prior to any such event as the total number of shares Common Shares outstanding immediately prior to such event shall bear to the total number of shares Common Shares outstanding immediately after such event.

Appears in 1 contract

Samples: Warrant Agreement (Hersha Hospitality Trust)

Dividends, Subdivisions, Reclassifications, Etc. In case at any time or from time to time after the date of execution of this Agreement, the Company shall (i) take a record of the holders of shares for the purpose of entitling them to receive a dividend or a distribution on shares payable in shares or another other class of securities, (ii) subdivide or reclassify its outstanding share shares of shares into a greater number shares, or (iii) combine or reclassify its outstanding shares into a smaller number of shares, then, and in each such case, 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 in such a manner that the Exercise Price for the shares issuable upon exercise of the Warrant immediately after such event shall bear the same ratio to the Exercise Price in effect immediately prior to any such event as the total number of shares outstanding immediately prior to such event shall bear to the total number of shares outstanding immediately after such event.

Appears in 1 contract

Samples: Warrant Agreement (Recon Technology, LTD)

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Dividends, Subdivisions, Reclassifications, Etc. In case at any time or from time to time after the date of execution of this AgreementWarrant, the Company Corporation shall (i) take a record of the holders of shares the Common Stock for the purpose of entitling them to receive a dividend or a distribution on shares the Common Stock payable in shares Common Stock or another other class of securities, (ii) subdivide or reclassify its outstanding share shares of shares Common Stock into a greater number of shares, or (iii) combine or reclassify its outstanding shares Common Stock into a smaller number of shares, then, and in each such case, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective Effective date of such subdivision, combination or reclassification shall be adjusted in such a manner that the Exercise Price for the shares issuable upon exercise of the Warrant Warrants immediately after such event shall bear the same ratio to the Exercise Price in effect immediately prior to any such event as the total number of shares of Common Stock outstanding immediately prior to such event shall bear to the total number of shares of Common Stock outstanding immediately after such event.

Appears in 1 contract

Samples: Agreement for License and Purchase (Spacedev Inc)

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