Common use of Stock Dividends; Stock Splits; Reverse Stock Splits Clause in Contracts

Stock Dividends; Stock Splits; Reverse Stock Splits. Reclassifications. In case the Company shall (a) pay a dividend with respect to ----------------- its Common Stock in shares of capital stock, (b) subdivide its outstanding shares of Common Stock, (c) combine its outstanding shares of Common Stock into a smaller number of shares of any class of Common Stock or (d) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), other than elimination of par value, a change in par value, or a change from par value to no par value (any one of which actions is herein referred to as an "Adjustment Event"), the number of Warrant Shares purchasable upon exercise of the Warrant immediately prior to the record date for such Adjustment Event shall be adjusted so that the Registered Holder shall thereafter be entitled to receive the number of shares of Common Stock or other securities of the Company (such other securities thereafter enjoying the rights of shares of Common Stock under this Warrant) that such Registered Holder would have owned or have been entitled to receive after the happening of such Adjustment Event, had such Warrant been exercised immediately prior to the happening of such Adjustment Event or any record date with respect thereto. An adjustment made pursuant to this Section 7(a)(i) shall become effective immediately after the effective date of such Adjustment Event retroactive to the record date, if any, for such Adjustment Event.

Appears in 3 contracts

Samples: Petrosearch Energy Corp, Petrosearch Energy Corp, Petrosearch Energy Corp

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Stock Dividends; Stock Splits; Reverse Stock Splits. Reclassifications. In case the Company Bank shall (ai) pay a dividend with respect to ----------------- its Common Stock in shares of capital stockCommon ----------------- Stock or make a distribution in shares of Common Stock, (bii) subdivide its outstanding shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of any class of Common Stock or (div) issue any by reclassification of its shares of its capital stock in a reclassification Common Stock other securities of the Common Stock Bank (including excluding any such reclassification in connection with a consolidation or merger in which the Company Bank is the continuing corporation), other than elimination of par value, a change in par value, or a change from par value to no par value (any one of which actions is herein referred to as an "Adjustment Event"), the number of Warrant Shares purchasable issuable upon exercise of the each Warrant immediately prior to the record date for such Adjustment Event thereto shall be adjusted so that the Registered each Warrant Holder shall thereafter be entitled to receive the kind and number of shares of Common Stock Warrant Shares or other securities of the Company (such other securities thereafter enjoying the rights of shares of Common Stock under this Warrant) that such Registered Holder Bank which he would have owned or have been entitled to receive after the happening of such Adjustment Eventany of the events described above, had such Warrant been exercised immediately prior to the happening of such Adjustment Event event or any record date with respect thereto. An adjustment made pursuant to this Section 7(a)(iparagraph (a) shall become effective immediately after the effective date of such Adjustment Event event retroactive to the record date, if any, for such Adjustment Eventevent.

Appears in 1 contract

Samples: Warrant Agreement (Golden State Bancorp Inc)

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Stock Dividends; Stock Splits; Reverse Stock Splits. Reclassifications. In case the Company shall (ai) pay a dividend with respect to ----------------- its Common Stock in shares of capital stock, (bii) subdivide its outstanding shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of any class of Common Stock or (div) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), other than elimination of par value, a change in par value, or a change from par value to no par value (any one of which actions is herein referred to as an "Adjustment Event"), the number of Warrant Shares shares of Common Stock purchasable upon exercise of the each Warrant immediately prior to the record date for such Adjustment Event shall be adjusted so that the Registered Holder shall thereafter be entitled to receive the number of shares of Common Stock or other securities of the Company (such other securities thereafter enjoying the rights of shares of Common Stock under this WarrantWarrant Certificate) that such Registered Holder would have owned or have been entitled to receive after the happening of such Adjustment Event, had such Warrant been exercised immediately prior to the happening of such Adjustment Event or any record date with respect thereto. An adjustment made pursuant to this Section 7(a)(i2A(1) shall become effective immediately after the effective date of such Adjustment Event retroactive to the record date, if any, for such Adjustment Event.

Appears in 1 contract

Samples: Environmental Safeguards Inc/Tx

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