Common use of Stock Distributions and Splits Clause in Contracts

Stock Distributions and Splits. In case (i) the outstanding shares of Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 12 contracts

Samples: Warrant Agreement (Woodhaven Homes Inc), Warrant Agreement (Woodhaven Homes Inc), Warrant Agreement (Holloman Corp)

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Stock Distributions and Splits. In case (i) the outstanding shares of the Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend or other distribution in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend or other distribution paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 5 contracts

Samples: Underwriters' Warrant Agreement (Jovian Energy Inc), Underwriters' Warrant Agreement (Streamedia Communications Inc), Underwriters' Warrant Agreement (Streamedia Communications Inc)

Stock Distributions and Splits. In case (i) the outstanding shares of Common Stock Shares (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share Share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock Shares (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share Share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock Shares (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock Shares (or Other Securities) are issuable upon the conversion thereof.

Appears in 4 contracts

Samples: Warrant Agreement (Catalog Com Inc), Warrant Agreement (Catalog Com Inc), Underwriting Agreement (Catalog Com Inc)

Stock Distributions and Splits. In case (i) the outstanding shares of the Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 2 contracts

Samples: Warrant Agreement (Westower Corp), Warrant Agreement (Westower Corp)

Stock Distributions and Splits. In case (i) the outstanding shares of Common Stock (or Other Securities) shall be subdivided into a greater number of shares shares, or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share Unit in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock or (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share Unit in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 1 contract

Samples: Warrant and Registration Rights Agreement (Cotton Valley Resources Corp)

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Stock Distributions and Splits. In case (i) the outstanding shares of Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share Unit in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share Unit in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 1 contract

Samples: Catalog Com Inc

Stock Distributions and Splits. In case (i) the outstanding Shares shares of Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per Share share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding Shares shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per Share share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into Shares shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that Shares shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 1 contract

Samples: Representatives Warrant Agreement (Rampart Capital Corp)

Stock Distributions and Splits. In case (i) the outstanding shares of Common Stock (or Other Securities) shall be subdivided into a greater number of shares or (ii) a dividend in Common Stock (or Other Securities) shall be paid in respect of Common Stock (or Other Securities), the Purchase Price per share in effect immediately prior to such subdivision or at the record date of such dividend or distribution shall simultaneously with the effectiveness of Warrant Agreement 26047_1 - 75205/00002 7 such subdivision or immediately after the record date of such dividend or distribution be proportionately reduced; and if outstanding shares of Common Stock (or Other Securities) shall be combined into a smaller number of shares thereof, the Purchase Price per share in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination be proportionately increased. Any dividend paid or distributed on the Common Stock (or Other Securities) in stock or any other securities convertible into shares of Common Stock (or Other Securities) shall be treated as a dividend paid in Common Stock (or Other Securities) to the extent that shares of Common Stock (or Other Securities) are issuable upon the conversion thereof.

Appears in 1 contract

Samples: Warrant Agreement (Transnational Financial Corp)

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