Common use of Splits and Subdivisions; Dividends Clause in Contracts

Splits and Subdivisions; Dividends. In the event the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Warrant Stock or the determination of the holders of Warrant Stock entitled to receive a dividend or other distribution payable in additional shares of Warrant Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Warrant Stock (hereinafter referred to as the "WARRANT STOCK EQUIVALENTS") without payment of any consideration by such holder for the additional shares of Warrant Stock or Warrant Stock Equivalents, then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the Purchase Price shall be appropriately decreased and the number of shares of Warrant Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 2 contracts

Samples: X-Change Corp, X-Change Corp

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Splits and Subdivisions; Dividends. In the event the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Warrant Common Stock or the determination of the holders of Warrant Common Stock entitled to receive a dividend or other distribution payable in additional shares of Warrant Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Warrant Common Stock (hereinafter referred to as the "WARRANT COMMON STOCK EQUIVALENTS") without payment of any consideration by such holder for the additional shares of Warrant Common Stock or Warrant Common Stock EquivalentsEquivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Purchase Price shall be appropriately decreased and the number of shares of Warrant Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 1 contract

Samples: Promotion Agreement (Metra Biosystems Inc)

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Splits and Subdivisions; Dividends. In the event the Company should at any time or from time to time effect or fix a record date for the effectuation of a split or subdivision of the outstanding shares of Warrant Common Stock or the determination of the holders of Warrant Common Stock entitled to receive a dividend or other distribution payable in additional shares of Warrant Common Stock or other securities or warrants, options or other rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Warrant Common Stock (hereinafter referred to as the "WARRANT STOCK EQUIVALENTSCommon Stock Equivalents") without payment of any consideration by such holder for the additional shares of Warrant Common Stock or Warrant Common Stock EquivalentsEquivalents (including the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the Purchase Price per share purchase price shall be appropriately decreased and the number of shares of Warrant Stock shall be appropriately increased in proportion to such increase (or potential increase) of outstanding shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aris Corp/)

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