Share Splits Sample Clauses
A Share Splits clause defines the process and implications when a company decides to divide its existing shares into multiple new shares, thereby increasing the number of shares outstanding while proportionally reducing the value of each share. This clause typically outlines how shareholdings will be adjusted, ensuring that each shareholder maintains the same overall ownership percentage after the split. For example, if a company enacts a 2-for-1 split, each shareholder receives two shares for every one previously held. The core function of this clause is to provide a clear mechanism for adjusting share capital, preventing confusion or disputes among shareholders when a share split occurs.
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Share Splits. Until the Notes and all notes issued pursuant to the terms thereof are no longer outstanding, the Company shall not effect any share combination, reverse share split or other similar transaction (or make any public announcement or disclosure with respect to any of the foregoing) without the prior written consent of the Required Holders (as defined below).
Share Splits. If Company at any time on or after this November 24th, 2015subdivides (by any share split, share dividend, recapitalization or otherwise) or combines (by combination, reverse share split or otherwise) one or more classes of its outstanding Common Shares into a greater or lesser number of shares, the share numbers and prices set forth in this Certificate, as in effect immediately prior to such subdivision or combination, will be proportionately reduced or increased, as applicable, effective as of the close of business on the date such subdivision or combination becomes effective.
Share Splits. All references to the number of shares in this Agreement shall be appropriately adjusted to reflect any Recapitalization, which may be made by the Company after Closing.
Share Splits. All references to the number of shares in this Agreement shall be appropriately adjusted to reflect any share split, share dividend or other change in the capital stock which may be made by the Company after the RFR Completion or RFO Completion.
Share Splits. If the Company, at any time while this Warrant is outstanding, (i) subdivides outstanding Ordinary Shares into a larger number of shares, or (ii) combines outstanding Ordinary Shares into a smaller number of shares, then in each such case the Exercise Price shall be adjusted to reflect the new par value of the outstanding Ordinary Shares, if any and the number of Warrant Shares shall remain unchanged. Any adjustment pursuant to this Section 10(b) shall become effective immediately after the effective date of such subdivision or combination.
Share Splits. Until the Notes and any notes issued pursuant to the terms thereof are no longer outstanding, the Company shall not effect any share combination, reverse share split or other similar transaction (or make any public announcement or disclosure with respect to any of the foregoing) without the prior written consent of the Required Holders (as defined below); provided however that no prior written consent of the Required Holders will be required in connection with a share combination, reverse share split or other similar transaction undertaken in coordination with the consummation of the Qualified Offering to meet the minimum listing standards of an Eligible Market.
Share Splits. Without prejudice to the other provisions of this Agreement, all references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any bonus issue, share dividend, split, combination or other recapitalization of shares by the Company occurring after the date of this Agreement.
Share Splits. All references to “split-up” in subsection 4.1.1 of the Existing Warrant Agreement are hereby deleted and replaced with “share split”.
Share Splits. So long as any Warrants remain outstanding, the Company shall not effect any share combination, reverse share split or other similar transaction (or make any public announcement or disclosure with respect to any of the foregoing) without the prior written consent of the Required Holders.
Share Splits. All references to numbers of shares in this Investors’ Rights Agreement shall be appropriately adjusted to reflect any share dividend, split, combination or other recapitalization affecting the Registrable Securities occurring after the date of this Investors’ Rights Agreement.