Stock Dividends, Splits, Etc. (a) If, prior to the Expiration Time, the Company shall subdivide its outstanding Shares into a greater number of Shares, or declare and pay a dividend of its Shares payable in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of Shares then subject to exercise under this Warrant (and not previously exercised.) (b) If, prior to the Expiration Time, the Company shall combine its outstanding Shares into a lesser number of Shares, the Exercise Price, as then in effect, shall be proportionately increased, and the Company shall proportionately reduce the number of Shares then subject to exercise under this Warrant (and not previously exercised.)
Appears in 33 contracts
Samples: Shareholder Warrant Agreement (Semoran Financial CORP), Director Warrant Agreement (Semoran Financial CORP), Warrant Agreement (Pacific Coast National Bancorp)
Stock Dividends, Splits, Etc. (a) If, prior to the Expiration Time, the Company shall subdivide its outstanding Shares into a greater number of Shares, or declare and pay a dividend of its Shares payable in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of Shares then subject to exercise under this Warrant (and not previously exercised).)
(b) If, prior to the Expiration Time, the Company shall combine its outstanding Shares into a lesser number of Shares, the Exercise Price, as then in effect, shall be proportionately increased, and the Company shall proportionately reduce the number of Shares then subject to exercise under this Warrant (and not previously exercised).)
Appears in 7 contracts
Samples: Capital Warrant Agreement (Third Coast Bancshares, Inc.), Organizer Warrant Agreement (City Central Bancorp, Inc.), Shareholder Warrant Agreement (City Central Bancorp, Inc.)
Stock Dividends, Splits, Etc. (a) If, prior to the Expiration Time, the Company Bank shall subdivide its outstanding Shares into a greater number of Shares, or declare and pay a dividend of its Shares payable in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and the Company Bank shall proportionately increase the number of Shares then subject to exercise under this Warrant (and not previously exercised.)
(b) If, prior to the Expiration Time, the Company Bank shall combine its outstanding Shares into a lesser number of Shares, the Exercise Price, as then in effect, shall be proportionately increased, and the Company Bank shall proportionately reduce the number of Shares then subject to exercise under this Warrant (and not previously exercised.)
Appears in 2 contracts
Samples: Warrant Agreement (Business First Bancshares, Inc.), Warrant Agreement (First NBC Bank Holding Co)
Stock Dividends, Splits, Etc. (a) If, prior to the Expiration Time, the Company shall subdivide its outstanding Shares into a greater number of Shares, or declare and pay a dividend of its Shares payable in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of Shares then subject to exercise under this Warrant the Warrants (and not previously exercised) evidenced by this Warrant Certificate.)
(b) If, prior to the Expiration Time, the Company shall combine its outstanding Shares into a lesser number of Shares, the Exercise Price, as then in effect, shall be proportionately increased, and the Company shall proportionately reduce the number of Shares then subject to exercise under this Warrant the Warrants (and not previously exercised) evidenced by this Warrant Certificate.)
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