Common use of Stock Dividend; Stock Splits; Reverse Stock Splits; Reclassifications Clause in Contracts

Stock Dividend; Stock Splits; Reverse Stock Splits; Reclassifications. In case the Company shall at any time after the date of this Agreement (i) declare a dividend on the Common Stock in shares of its capital stock, (ii) subdivide the outstanding Shares, (iii) combine the outstanding Common Stock into a smaller number of Common Stock, or (iv) issue any shares of its capital stock by reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then in each case the number of Shares of Common Stock for which this Warrant is exercisable shall be adjusted so that the holder hereof after such time shall be entitled to receive the aggregate number and kind of Shares which, if such Warrant had been exercised immediately prior to such time, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination, or reclassification. An adjustment made pursuant to this subsection (a) shall become effective on the date of the dividend payment, subdivision, combination or issuance retroactive to the record date with respect thereto, if any, for such event. Such adjustment shall be made successively whenever any event listed above shall occur. In the event that at any time, as a result of an adjustment made pursuant to this subsection (a), the holder hereof shall become entitled to purchase any securities other than shares of Common Stock, thereafter the number of such other securities so purchasable upon exercise of such Warrant and the exercise price thereof shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions of this Section 4 with respect to the shares of Common Stock for which this Warrant shall be exercisable.

Appears in 2 contracts

Samples: Warrant Agreement (Environmental Safeguards Inc/Tx), Warrant Agreement (Cahill Edward L)

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Stock Dividend; Stock Splits; Reverse Stock Splits; Reclassifications. In case the Company event Total shall at any time after the date of this Warrant Agreement (i) declare pay a dividend on or make any other distribution with respect to the Common Stock Total Shares in shares of its any class of capital stockstock of Total, (ii) subdivide the outstanding Total Shares into a greater number of Total Shares, (iii) combine the outstanding Common Stock Total Shares into a smaller number of Common StockTotal Shares, (iv) change the number of Total Shares represented by each Total ADS, or (ivv) issue any shares of its capital stock by in a reclassification of the Common Stock Total Shares (including any such other than a reclassification in connection with a consolidation consolidation, merger or merger in other business combination which the Company is the continuing corporationwill be governed by Section 12), then in each case the number and kind of Shares shares of Common Stock for which this capital stock issuable upon exercise of each Total Warrant is exercisable on such date shall be proportionately adjusted so that the holder hereof of any Total Warrant exercised after such time shall be entitled to receive ADSs representing the aggregate number and kind of Shares shares of capital stock which, if such Total Warrant had been exercised immediately prior to such timedate and at a time when the Total ADS transfer books were open, he such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination, change or reclassification. An adjustment made pursuant to this subsection (a) shall become effective on the date of the dividend payment, subdivision, combination or issuance retroactive to the record date with respect thereto, if any, for such event. Such adjustment shall be made successively whenever any event listed above shall occur. In the event that at any time, as a result of an adjustment made pursuant to this subsection (a), the holder hereof shall become entitled to purchase any securities other than shares of Common Stock, thereafter Whenever the number of such other securities so Total ADSs purchasable upon exercise of such each Total Warrant and the exercise price thereof shall be subject is adjusted pursuant to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions of this Section 4 with respect to 10(a), the shares Exercise Price of Common Stock for which this such Total Warrant shall be exercisableadjusted so that it shall equal the price determined by multiplying such Exercise Price immediately prior to such adjustment by a fraction the numerator of which shall be the number of Total ADSs purchasable upon the exercise of each Total Warrant immediately prior to such adjustment and denominator of which shall be the number of Total ADSs so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Total)

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Stock Dividend; Stock Splits; Reverse Stock Splits; Reclassifications. In case the Company event PetroFina shall at any time after the date of this the Merger Agreement (i) declare pay a dividend on or make any other distribution with respect to the Common Stock PetroFina Shares in shares of its any class of capital stockstock of PetroFina, (ii) subdivide the outstanding PetroFina Shares into a greater number of PetroFina Shares, (iii) combine the outstanding Common Stock PetroFina Shares into a smaller number of Common StockPetroFina Shares, (iv) change the number of PetroFina Shares represented by each PetroFina ADS, or (ivv) issue any shares of its capital stock by in a reclassification of the Common Stock PetroFina Shares (including any such other than a reclassification in connection with a consolidation consolidation, merger or merger in other business combination which the Company is the continuing corporationwill be governed by Section 12), then in each case the number and kind of Shares shares of Common Stock for which this capital stock issuable upon exercise of each PetroFina Warrant is exercisable on such date shall be proportionately adjusted so that the holder hereof of any PetroFina Warrant exercised after such time shall be entitled to receive the aggregate number and kind of Shares shares of capital stock which, if such PetroFina Warrant had been exercised immediately prior to such timedate and at a time when the PetroFina ADS transfer books were open, he such holder would have owned upon such exercise and been entitled to receive by 6 44 virtue of such dividend, subdivision, combination, change or reclassification. An adjustment made pursuant to this subsection (a) shall become effective on the date of the dividend payment, subdivision, combination or issuance retroactive to the record date with respect thereto, if any, for such event. Such adjustment shall be made successively whenever any event listed above shall occur. In the event that at any time, as a result of an adjustment made pursuant to this subsection (a), the holder hereof shall become entitled to purchase any securities other than shares of Common Stock, thereafter Whenever the number of such other securities so PetroFina ADSs purchasable upon exercise of such each PetroFina Warrant and the exercise price thereof shall be subject is adjusted pursuant to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions of this Section 4 with respect to 10(a), the shares Exercise Price of Common Stock for which this such PetroFina Warrant shall be exercisableadjusted so that it shall equal the price determined by multiplying such Exercise Price immediately prior to such adjustment by a fraction the numerator of which shall be the number of PetroFina ADSs purchasable upon the exercise of each PetroFina Warrant immediately prior to such adjustment and denominator of which shall be the number of PetroFina ADSs so purchasable immediately thereafter.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Petrofina Delaware Inc)

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