Common use of Stock Dividends, Subdivisions and Combinations Clause in Contracts

Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 3 contracts

Samples: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Overhill Farms Inc), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp)

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Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to after the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 4.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 2 contracts

Samples: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp)

Stock Dividends, Subdivisions and Combinations. If at any time the CompanyCorporation shall: (a1) pays pay a dividend or other distribution on its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stockcapital stock, (b2) subdivides (by stock split, reclassification or otherwise) subdivide its outstanding shares of Common Stock into a larger number of shares of such Common Stock, or (c3) combines (by reverse stock split or otherwise) combine its outstanding shares of Common Stock into a smaller number of shares of such Common Stock, then the number of Warrant Shares purchasable shares of Option Stock receivable upon exercise of this Warrant Option to the extent permitted hereby immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder holder of this Option shall thereafter be entitled to receive upon exercise conversion of this Warrant Option to the extent permitted hereby the kind and number of shares of Common Stock that the Holder such holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant Option been exercised converted to the extent permitted hereby immediately prior to such record date or effective date. Any An adjustment made pursuant to this Section 3.1 12.a shall become effective immediately after the effective date of such event, but shall be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable shares of Option Stock receivable upon the exercise of this Warrant Option as herein provided, the Warrant Purchase Exercise Price per share shall be adjusted by multiplying the Warrant Purchase Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable shares of Option Stock receivable upon the exercise of this Warrant Option immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares shares of Option Stock so purchasable receivable immediately thereafter.

Appears in 2 contracts

Samples: Stock Option Agreement (Mb Software Corp), Stock Option Agreement (Mb Software Corp)

Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or makes any other distribution on with respect to its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination combination, as the case may be, shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date date, as the case may be, had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 4.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of to the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 2 contracts

Samples: Warrant Agreement (Interdent Inc), Warrant Agreement (Interdent Inc)

Stock Dividends, Subdivisions and Combinations. If at any time In case the Company: Company shall hereafter (aA) pays pay a dividend or other distribution on its Common Stock, without consideration, in shares of Common Stock or make a distribution in shares of any Common Stock or other class or series shares of Capital Stock, its capital stock, (bB) subdivides (by stock split, reclassification or otherwise) subdivide its outstanding shares of Common Stock into a larger greater number of shares of Common Stock, or or (cC) combines (by reverse stock split or otherwise) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stockshares, then (i) the number of Warrant Shares purchasable upon exercise of this each Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination thereto shall be adjusted so that the Holder of any Warrant Certificate thereafter exercised shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Warrant Shares which such Holder would have owned or have been entitled to receive immediately after following such record date or effective date action had this such Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after thereto, and (ii) the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Exercise Price per share shall be adjusted by multiplying the Warrant Purchase such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this each Warrant immediately prior to such adjustment adjustment, and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter. An adjustment made pursuant to this Section 5.1 (a) shall become effective immediately after the record date, in the case of a dividend or distribution, and shall become effective immediately after the effective date, in the case of a subdivision, combination or reclassification. If, as a result of an adjustment made pursuant to this Section 5.1(a), the Holder of any Warrant Certificate thereafter exercised shall become entitled to receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company shall determine, in its reasonable discretion, the allocation of the adjusted Exercise Price between or among shares of such classes of capital stock.

Appears in 1 contract

Samples: Warrant Agreement (New World Coffee Manhattan Bagel Inc)

Stock Dividends, Subdivisions and Combinations. If at any time In case the Company: Company shall hereafter (aA) pays pay a dividend or other distribution on its Common Stock, without consideration, in shares of Common Stock or make a distribution in shares of any other class or series of Capital Common Stock, , (bB) subdivides (reclassify by stock split, reclassification or otherwise) subdivision its outstanding shares of Common Stock into a larger greater number of shares of Common Stock, or or (cC) combines (reclassify by reverse stock split or otherwise) combination its outstanding shares of Common Stock into a smaller number of shares of Common Stockshares, then (i) the number of Warrant Shares purchasable upon exercise of this each Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination thereto shall be adjusted so that the Holder of any Warrant Certificate thereafter exercised shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Warrant Shares which such Holder would have owned or have been entitled to receive immediately after following such record date or effective date action had this such Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after thereto, and (ii) the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Exercise Price per share shall be adjusted by multiplying the Warrant Purchase such Exercise Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this each Warrant immediately prior to such adjustment adjustment, and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter. An adjustment made pursuant to this Section 5.1(a) shall become effective immediately after the record date, in the case of a dividend, and shall become effective immediately after the effective date, in the case of a subdivision, combination or reclassification. If, as a result of an adjustment made pursuant to this Section 5.1(a), the Holder of any Warrant Certificate thereafter exercised shall become entitled to receive shares of two or more classes of Capital Stock of the Company, the Board of Directors of the Company shall determine, in its reasonable discretion, the allocation of the adjusted Exercise Price between or among shares of such classes of Capital Stock.

Appears in 1 contract

Samples: Warrant Agreement (Airtran Holdings Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, the class of the applicable Warrant Shares in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock the class of the applicable Warrant Shares into a larger number of shares of Common Stockthe class of the applicable Warrant Shares, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock the class of the applicable Warrant Shares into a smaller number of shares of Common Stockthe class of the applicable Warrant Shares, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock the class of the applicable Warrant Shares that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 4.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. If this Warrant is exercisable for Class__ Preferred, no adjustment shall be made pursuant to this Section 4.1 if such adjustment is made pursuant to the terms of the Class __ Preferred. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Quiznos Corp)

Stock Dividends, Subdivisions and Combinations. If at any time time, or from time-to-time, after the Company: date hereof, the Company (ai) pays declares a dividend or other distribution on its the Common Stock that is payable with shares of Common Stock, without consideration, in shares of Common Stock or shares of any other class or series of Capital Stock, (bii) subdivides (by stock split, reclassification or otherwise) its the outstanding shares of Common Stock into a larger greater number of shares of Common StockStock by a stock split, or reclassification or other method, or (ciii) combines (by reverse stock split or otherwise) its consolidates the outstanding shares of Common Stock into a smaller lesser number of shares of Common StockStock by a reverse stock split, reclassification or other method, then the number of Warrant Shares purchasable issuable upon exercise of this Warrant shall be decreased or increased, as appropriate, by multiplying the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to the record date for before such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment event by a fraction, the numerator of which shall be is the number of issued and outstanding shares of Common Stock immediately after such event and the denominator of which is the number of issued and outstanding shares of Common Stock immediately before such event. The events set forth above are deemed to occur on the date the Company’s Board of Directors (the “Board”) declares the dividend or authorizes the subdivision or combination of shares of Common Stock unless, for any reason, the dividend is not subsequently paid or the subdivision or combination is not subsequently completed. After any adjustment to the number of Warrant Shares purchasable upon under this Section 1.01(a) the exercise of this Warrant immediately prior to such adjustment and the denominator of which Per Share Exercise Price shall be adjusted to that number determined by dividing the Total Exercise Price by the number of Warrant Shares so purchasable immediately thereafterissuable upon exercise of this Warrant after such adjustments.

Appears in 1 contract

Samples: Warrant Agreement (Green Plains Renewable Energy, Inc.)

Stock Dividends, Subdivisions and Combinations. If at any time ---------------------------------------------- the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 4.1 shall become ----------- effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Polyphase Corp)

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Stock Dividends, Subdivisions and Combinations. If In case the Company shall at any time on or before the CompanyExpiration Time: (ai) pays Issue additional shares of Common Stock or securities convertible into Common Stock; (ii) pay a dividend or other distribution on its Common Stock, without consideration, in shares of Common Stock or make a distribution in shares of any Common Stock or such other class or series stock to holders of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) all its outstanding shares of Common Stock; (iii) subdivide or reclassify the outstanding shares into another class of securities or subdivide or reclassify the Shares of Common Stock into a larger greater number of shares of Common Stock, orshares; (civ) combines (by reverse stock split or otherwise) its combine the outstanding shares of Common Stock into a smaller number of shares of Common Stock, ; (v) issue by reclassification of its shares of Common Stock other securities of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation); then the number and kind of Warrant Shares purchasable upon exercise of this each Warrant outstanding immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination thereto shall be adjusted so that the Holder Warrantholder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that or other securities of the Holder Company which the Warrantholder would have owned or have been entitled to receive immediately after the happening of any of the events described above had such record date or effective date had this Warrant been exercised in full immediately prior to the earlier of the happening of such event or any record date or effective datein respect thereto. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after In the effective date event of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of each then outstanding Warrants pursuant to this Warrant as herein providedParagraph 3(a), the Warrant Purchase Price per share shall be adjusted to be the amount resulting from dividing the number of shares of Common Stock (including fractional shares of Common Stock) covered by multiplying such Warrant immediately after such adjustment into the total amount payable upon exercise of such Warrant Purchase Price in full immediately prior to such adjustment. An adjustment by a fraction, made pursuant to this Paragraph 3(a) shall become effective immediately after the numerator effective date of which such event retroactive to the record date for any such event. Such adjustment shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which made successively whenever any event listed above shall be the number of Warrant Shares so purchasable immediately thereafteroccur.

Appears in 1 contract

Samples: Lease Agreement (Goamerica Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 SECTION 4.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp)

Stock Dividends, Subdivisions and Combinations. If at any time time, or from time-to-time, after January 26, 2006, the Company: Company (ai) pays declares a dividend or other distribution on its the Common Stock that is payable with shares of Common Stock, without consideration, in shares of Common Stock or shares of any other class or series of Capital Stock, (bii) subdivides (by stock split, reclassification or otherwise) its the outstanding shares of Common Stock into a larger greater number of shares of Common StockStock by a stock split, or reclassification or other method, or (ciii) combines (by reverse stock split or otherwise) its consolidates the outstanding shares of Common Stock into a smaller lesser number of shares of Common StockStock by a reverse stock split, reclassification or other method, then the number of Warrant Shares purchasable issuable upon exercise of this Warrant shall be decreased or increased, as appropriate, by multiplying the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to the record date for before such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any adjustment made pursuant to this Section 3.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the Warrant Purchase Price immediately prior to such adjustment event by a fraction, the numerator of which shall be is the number of issued and outstanding shares of Common Stock immediately after such event and the denominator of which is the number of issued and outstanding shares of Common Stock immediately before such event. The events set forth above are deemed to occur on the date the Company's Board of Directors (the "Board") declares the dividend or authorizes the subdivision or combination of shares of Common Stock unless, for any reason, the dividend is not subsequently paid or the subdivision or combination is not subsequently completed. After any adjustment to the number of Warrant Shares purchasable upon under this Section 1.01(a) the exercise of this Warrant immediately prior to such adjustment and the denominator of which Per Share Exercise Price shall be adjusted to that number determined by dividing the Total Exercise Price by the number of Warrant Shares so purchasable immediately thereafterissuable upon exercise of this Warrant after such adjustments.

Appears in 1 contract

Samples: Warrant Agreement (American Italian Pasta Co)

Stock Dividends, Subdivisions and Combinations. If at any time the Company: (a) pays a dividend or other distribution on its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stockcapital stock, (b) subdivides (by stock split, reclassification or otherwise) its outstanding shares of Common Stock into a larger number of shares of Common Stock, ; or (c) combines (by reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock Warrant Shares that the such Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any An adjustment made pursuant to this Section 3.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the such Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (SSP Solutions Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the CompanyCompany shall: (a) pays pay a dividend or other distribution on its Common Stock, without consideration, Stock in shares of Common Stock or shares of any other class or series of Capital Stockcapital stock, (b) subdivides (by stock split, reclassification or otherwise) subdivide its outstanding shares of Common Stock into a larger number of shares of such Common Stock, or (c) combines (by reverse stock split or otherwise) combine its outstanding shares of Common Stock into a smaller number of shares of such Common Stock, then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Holder of this Warrant shall thereafter be entitled to receive upon exercise of this Warrant the kind and number of shares of Common Stock that the such Holder would have owned or have been entitled to receive immediately after such record date or effective date had this Warrant been exercised immediately prior to such record date or effective date. Any An adjustment made pursuant to this Section 3.1 shall become effective immediately after the effective date of such event, but be retroactive to the record date, if any, for such event. Upon any adjustment of the number of Warrant Shares purchasable upon the exercise of this Warrant as herein provided, the Warrant Purchase Price per share shall be adjusted by multiplying the such Warrant Purchase Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Warrant Shares purchasable upon the exercise of this Warrant immediately prior to such adjustment and the denominator of which shall be the number of Warrant Shares so purchasable immediately thereafter.

Appears in 1 contract

Samples: Warrant Agreement (Ixc Communications Inc)

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