Common use of Splits Clause in Contracts

Splits. In the event that the Company by amendment of its Articles of Incorporation or otherwise shall split up its outstanding shares of common stock into a greater number of shares, or decrease the outstanding shares by combination or otherwise, the number of shares of common stock called for by these Warrants shall be increased or decreased correspondingly on account of each such stock split or combination without any increase or decrease in the total purchase price (for all shares).

Appears in 5 contracts

Samples: Warrant Agreement (Genomic Solutions Inc), Warrant Agreement (Genomic Solutions Inc), Warrant Agreement (Genomic Solutions Inc)

AutoNDA by SimpleDocs

Splits. In the event that the Company by amendment of its Articles of Incorporation or otherwise shall split up its outstanding shares of common stock into a greater number of shares, or decrease the outstanding shares by combination or otherwise, the number of shares of common stock called for by these Warrants warrants shall be increased or decreased correspondingly on account of each such stock split Split or combination without any increase or decrease in the total purchase price (for all shares).

Appears in 1 contract

Samples: Warrant Agreement (Genomic Solutions Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!