Common use of Stock Dividends and Stock Splits Clause in Contracts

Stock Dividends and Stock Splits. If the Company, at any time after the date hereof: (A) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock in shares of Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then the Purchase Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding before such event and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification, and the number of shares issuable upon exercise of this Warrant, shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 6 contracts

Samples: Bridge Loan Conversion Agreement, Bridge Loan Conversion Agreement (TWO RIVERS WATER & FARMING Co), Conversion Agreement (TWO RIVERS WATER & FARMING Co)

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Stock Dividends and Stock Splits. If the Company, at any time after the date hereof: (A) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock in shares of Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then the Purchase Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding before such event and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classificationreclassification, and the number of shares issuable upon exercise of this Warrant, shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 3 contracts

Samples: Warrant Agreement (DanDrit Biotech USA, Inc.), Warrant Agreement (DanDrit Biotech USA, Inc.), Common Stock Purchase Warrant (Xg Sciences Inc)

Stock Dividends and Stock Splits. If the Company, at any time after the date hereof: (A) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock in shares of Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then the Purchase Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding before such event and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification, and the number of shares Shares issuable upon exercise of this Warrant, Warrant shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 3 contracts

Samples: Draw Loan Note and Agreement (Xg Sciences Inc), Warrant Agreement (Xg Sciences Inc), Common Stock Purchase Warrant (Xg Sciences Inc)

Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstanding on or after the date hereofof the occurrence (if any) of an Event of Default: (Ai) shall pay pays a stock dividend or otherwise make makes a distribution or distributions payable in Common Shares on shares Common Shares or any Common Shares Equivalents (which, for avoidance of its doubt, shall not include any Common Stock in shares Shares issued by the Company upon conversion of, or payment of Common Stockinterest on, the Notes or the Company’s outstanding Preferred Shares), (Bii) subdivide subdivides outstanding shares of Common Stock Shares into a larger number of shares, or (Ciii) combine combines (including by way of a reverse stock split) outstanding shares of Common Stock Shares into a smaller number of sharesshares or (iv) issues, in the event of a reclassification of shares of the Common Shares, any shares of capital stock of the Company, then the Purchase Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of Common Shares (excluding any treasury shares of Common Stock the Company) outstanding immediately before such event event, and of which the denominator shall be the number of shares of Common Stock Shares outstanding immediately after such event. Any adjustment made pursuant to this Section 5 shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-re classification, and the number of shares issuable upon exercise of this Warrant, shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 2 contracts

Samples: Convertible Security Agreement (1847 Holdings LLC), Convertible Security Agreement (1847 Holdings LLC)

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Stock Dividends and Stock Splits. If the Company, at any time after the date hereofwhile this Debenture is outstanding: (Ai) shall pay pays a stock dividend or otherwise make makes a distribution or distributions on shares of its Common Stock payable in shares of Common Stock on shares of Common Stock or any Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon conversion of, or payment of interest or dividends on, the Debentures, the 2006 Debentures, the 2007 Debentures or the 2008 Preferred Stock), (Bii) subdivide subdivides outstanding shares of Common Stock into a larger number of shares, or (Ciii) combine combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of sharesshares or (iv) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Purchase Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification, and the number of shares issuable upon exercise of this Warrant, shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 1 contract

Samples: Convertible Security Agreement (Accentia Biopharmaceuticals Inc)

Stock Dividends and Stock Splits. If the Company, at any time after the date hereof: (A) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock in shares of Common Stock, (B) subdivide B)subdivide outstanding shares of Common Stock into a larger number of shares, or (C) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, then the Purchase Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding before such event and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classificationreclassification, and the number of shares issuable upon exercise of this Warrant, shall be proportionately adjusted such that the aggregate Purchase Price of this Warrant shall remain unchanged.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Xg Sciences Inc)

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