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

Stock Dividends; Stock Splits; Reverse Stock Splits. In case the Corporation shall (A) declare or pay a dividend on its outstanding Common Stock in shares of Common Stock or make a distribution to all holders of its outstanding Common Stock in shares of Common Stock, (B) subdivide its outstanding Common Stock into a greater number of shares or reclassify its outstanding Common Stock, or (C) combine its outstanding Common Stock into a smaller number of shares, the number of shares of Common Stock issuable upon conversion of each share of Series D Preferred Stock shall be adjusted so that the holder of each such share shall thereafter be entitled to receive upon conversion thereof the kind and number of shares of Common Stock or other securities that such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such share been converted in full immediately prior to the happening of such event or any record date with respect thereto (with any record date requirement being deemed to have been satisfied), and, in any such case, the number of shares of Common Stock or other securities issuable upon conversion of each such share shall be subject to further adjustments under this Section 5(h). An adjustment made pursuant to this Section 5(h)(i) shall become effective at the record date, if any, for such event.

Appears in 2 contracts

Samples: Securities Exchange Agreement (At&t Corp), Securities Exchange Agreement (Metrocall Inc)

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Stock Dividends; Stock Splits; Reverse Stock Splits. Reclassifications. In case the Corporation Company shall (Ai) declare or pay a dividend on or make any ----------------- other distribution with respect to its outstanding Common Stock in shares of Common Stock or make a distribution to all holders of its outstanding Common Stock in shares of Common Stockcapital stock, (Bii) subdivide its outstanding Common Stock into a greater number of shares or reclassify its outstanding Common Stock, or (Ciii) combine its outstanding Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation) the number of shares of Common Stock issuable upon conversion exercise of this Warrant immediately prior to the record date for each such dividend or distribution or the effective date of each share of Series D Preferred Stock such subdivision or combination shall be adjusted so that the holder of each such share Holder shall thereafter be entitled after the completion of each such event to receive upon conversion thereof the kind and number of shares of Common Stock or other securities of the Company that such holder the Holder would have owned or have been entitled to receive after the happening of any of the events described aboveeach such event, had such share this Warrant been converted in full exercised immediately prior to the happening of each such event or any record date with respect thereto (with any record date requirement being deemed to have been satisfied), and, in any such case, the number of shares of Common Stock or other securities issuable upon conversion of each such share shall be subject to further adjustments under this Section 5(h)thereto. An Each adjustment made pursuant to this Section 5(h)(i7(a) shall become effective at immediately after the effective date of the applicable event retroactive to the record date, if any, for such event.

Appears in 1 contract

Samples: Acknowledgment and Agreement (Converse Inc)

Stock Dividends; Stock Splits; Reverse Stock Splits. In case the Corporation shall (A) declare or pay a dividend on its outstanding Common Stock in shares of Common Stock or make a distribution to all holders of its outstanding Common Stock in shares of Common Stock, (B) subdivide its outstanding Common Stock into a greater number of shares or reclassify its outstanding Common Stock, or (C) combine its outstanding Common Stock into a smaller number of shares, the number of shares of Common Stock issuable upon conversion of each share Then-Convertible Share that was convertible immediately prior to the record date for such dividend or combination or the effective date of Series D Preferred Stock such subdivision or reclassification shall be adjusted so that the holder of each such share shall thereafter be entitled to receive upon conversion thereof the kind and number of shares of Common Stock or other securities that such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such share been converted in full immediately prior to the happening of such event or any record date with respect thereto (with any record date requirement being deemed to have been satisfied), and, in any such case, the number of shares of Common Stock or other securities issuable upon conversion of each such share shall be subject to further adjustments under this Section 5(h). An adjustment made pursuant to this Section 5(h)(i) shall become effective at the record date, if any, for such event.

Appears in 1 contract

Samples: Registration Rights Agreement (Metrocall Inc)

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Stock Dividends; Stock Splits; Reverse Stock Splits. (i) In case the Corporation Company shall (A) declare or pay a dividend on its outstanding Common Stock in shares of Common Stock or make a distribution to all holders of its outstanding Common Stock in shares of Common Stock, (B) subdivide its outstanding Common Stock into a greater number of shares or reclassify its outstanding Common Stock, or (C) combine its outstanding Common Stock into a smaller number of shares, the number of shares of Common Stock issuable upon conversion exercise of each share Warrant immediately prior to the record date for such dividend or combination or the effective date of Series D Preferred Stock such subdivision or reclassification shall be adjusted so that the holder Holder of each such share Warrant shall thereafter be entitled to receive upon conversion thereof the kind and number of shares of Common Stock or other securities that such holder Holder would have owned or have been entitled to receive after the happening of any of the events described above, had such share Warrant been converted exercised in full immediately prior to the happening of such event or any record date with respect thereto (with any record date requirement being deemed to have been satisfied), and, in any such case, the number of shares of Common Stock or other securities issuable upon conversion exercise of each such share Warrant shall be subject to further adjustments under this Section 5(h)5.02. An adjustment made pursuant to this Section 5(h)(i5.02(a) shall become effective at the record date, if any, for such event.

Appears in 1 contract

Samples: Warrant Agreement (Metrocall Inc)

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