Common use of Effect of Stock Changes Clause in Contracts

Effect of Stock Changes. In the event that at any time during the term of this Warrant the Company shall (i) pay a dividend in shares of its Common Stock, (ii) subdivide outstanding shares of its Common Stock into a greater number of shares, or (iii) combine outstanding shares of its Common Stock into a smaller number of shares, the amount of shares purchasable upon the exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive upon exercise of the Warrant that number of shares of Common Stock which such Holder would have owned or would have been entitled to receive after the happening of such event had such Holder exercised the Warrant immediately prior to the record date, in the case of such dividend, or the effective date, in the case of any such subdivision or combination and the Exercise Price shall be proportionately adjusted. An adjustment made pursuant to this subparagraph (a) shall be made whenever any of such events shall occur, but shall become effective retroactively after such record date or such effective date, as the case may be, if this Warrant is exercised between such record date or effective date and the date of happening of any such event.

Effect of Stock Changes. In the event that If, at any time during the term of this Warrant or from time to time, the Company shall (i) pay a dividend in shares of its Common Stock, (ii) subdivide outstanding shares of its Common Stock into a greater number of shares, or (iii) combine outstanding shares of its Common Stock into a smaller number of shares, the amount of shares purchasable upon the exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive upon exercise of the Warrant that number of shares of Common Stock which such Holder would have owned or would have been entitled to receive after the happening of such event had such Holder exercised the Warrant immediately prior to the record date, in the case of such dividend, or the effective date, in the case of any such subdivision or combination and the Exercise Price shall be proportionately adjusted. An adjustment made pursuant to this subparagraph (a) shall be made whenever any of such events shall occur, but shall become effective retroactively after such record date or such effective date, as the case may be, if this Warrant is exercised between such record date or effective date and the date of happening of any such event.

Effect of Stock Changes. In the event that at any time during the ----------------------- term of this Warrant the Company shall (i) pay a dividend in shares of its Common Stock, (ii) subdivide outstanding shares of its Common Stock into a greater number of shares, or (iii) combine outstanding shares of its Common Stock into a smaller number of shares, the amount of shares purchasable upon the exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder shall be entitled to receive upon exercise of the Warrant that number of shares of Common Stock which such Holder would have owned or would have been entitled to receive after the happening of such event had such Holder exercised the Warrant immediately prior to the record date, in the case of such dividend, or the effective date, in the case of any such subdivision or combination and the Exercise Price shall be proportionately adjusted. An adjustment made pursuant to this subparagraph (a) shall be made whenever any of such events shall occur, but shall become effective retroactively after such record date or such effective date, as the case may be, if this Warrant is exercised between such record date or effective date and the date of happening of any such event.