Common use of Share Dividends, Subdivisions and Combinations Clause in Contracts

Share Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue or set a record date for the holders of the Common Shares for the purpose of entitling them to receive a dividend payable in, or other distribution of, Common Shares, (ii) subdivide its outstanding Common Shares into a larger number of Common Shares, or (iii) combine its outstanding Common Shares into a smaller number of Common Shares, then (1) the number of Common Shares for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Shares which a record holder of the same number of Common Shares for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price then in effect multiplied by the number of Common Shares for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Shares for which this Warrant is exercisable immediately after such adjustment.

Appears in 3 contracts

Samples: Share Purchase Agreement (FibroBiologics Inc.), Share Purchase Agreement (Med-X, Inc.), Share Purchase Agreement (Leisure Acquisition Corp.)

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Share Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue or set a record date for the holders of the Common Shares for the purpose of entitling them to receive a dividend payable in, or other distribution of, Common Shares, Common Shares, or Common Shares, (ii) subdivide its outstanding Common Shares into a larger number of Common Shares, orof (iii) combine its outstanding Common Shares into a smaller number of Common Shares, then (1) the number of Common Shares for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Shares which a record holder of the same number of Common Shares for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price then in effect multiplied by the number of Common Shares for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Shares for which this Warrant is exercisable immediately after such adjustment.

Appears in 2 contracts

Samples: Share Purchase Agreement (Nxu, Inc.), Share Purchase Agreement (Nxu, Inc.)

Share Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue or set a record date for the holders of the Common Shares Stock for the purpose of entitling them to receive a dividend payable in, or other distribution of, Common SharesStock, (ii) subdivide its outstanding Common Shares Stock into a larger number of Common SharesStock, or (iii) combine its outstanding Common Shares Stock into a smaller number of Common SharesStock, then (1) the number of Common Shares Stock for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Shares Stock which a record holder of the same number of Common Shares Stock for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price then in effect multiplied by the number of Common Shares Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Shares Stock for which this Warrant is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Share Purchase Agreement (TurnOnGreen, Inc.)

Share Dividends, Subdivisions and Combinations. If at any time the Issuer Company shall: (ia) make or issue or set take a record date for of the holders of the its Common Shares for the purpose of entitling them to receive a dividend payable in, or other distribution of, Additional Common Shares, (iib) subdivide its outstanding Common Shares into a larger number of Common Shares, or (iiic) combine its outstanding Common Shares into a smaller number of Common Shares, then (1i) the number of Common Shares for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Shares which that a record holder of the same number of Common Shares for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2ii) the Current Warrant Price then in effect shall be adjusted to equal (A) the Current Warrant Price then in effect multiplied by the number of Common Shares for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Shares shares for which this Warrant is exercisable immediately after such the adjustment.

Appears in 1 contract

Samples: Contingent Warrant Agreement (Advanced Lighting Technologies Inc)

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Share Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue or set a record date for the holders of the Common Shares for the purpose of entitling them to receive a dividend payable in, or other distribution of, Common Shares, (ii) subdivide its outstanding Common Shares into a larger number of Common Shares, oror , (iii) combine its outstanding Common Shares into a smaller number of Common Shares, Shares then (1) the number of Common Shares for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Shares which a record holder of the same number of Common Shares for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price then in effect multiplied by the number of Common Shares for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Shares for which this Warrant is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Share Purchase Agreement (Med-X, Inc.)

Share Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue or set a record date for the holders of the Common Ordinary Shares for the purpose of entitling them to receive a dividend payable in, or other distribution of, Common Ordinary Shares, (ii) subdivide undertake a division of its outstanding Common Ordinary Shares into a larger number of Common Ordinary Shares, or (iii) combine undertake a combination of its outstanding Common Ordinary Shares into a smaller number of Common Ordinary Shares, then (1) the number of Common Ordinary Shares for which this Warrant is exercisable immediately after the occurrence of any such event shall be adjusted to equal the number of Common Ordinary Shares which a record holder of the same number of Common Ordinary Shares for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price then in effect multiplied by the number of Common Ordinary Shares for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of Common Ordinary Shares for which this Warrant is exercisable immediately after such adjustment.

Appears in 1 contract

Samples: Subscription Agreement (Sizzle Acquisition Corp.)

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