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

Stock Dividends, Subdivisions or Combinations. In case the Company shall (i) pay a dividend or make a distribution on its outstanding shares of Common Stock in shares of its Common Stock, (ii) subdivide the then outstanding shares of its Common Stock into a greater number of shares of Common Stock, (iii) combine the then outstanding shares of its Common Stock into a smaller number of shares of Common Stock, or (iv) issue by reclassification of its shares of Common Stock any shares of capital stock of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (A) in the case of clauses (i) and (ii) the Warrant Price in effect immediately prior to the opening of business on the record date for such dividend or distribution or the effective date of such subdivision shall be proportionately decreased, (B) in the case of clause (iii) the Warrant Price in effect immediately prior to the opening of business on the effective date of such combination shall be proportionately increased, and (C) in the case of clause (iv) the Company shall execute and deliver to the Holder a new Warrant providing that the holder of this Warrant shall upon exercise of such new Warrant be entitled to receive the number and kind of shares of capital stock of the Company which it would have owned or been entitled to receive immediately following such action had this Warrant been exercised in full immediately prior to such time. The aggregate exercise price of such new Warrant shall be equal to the aggregate Warrant Price of this Warrant at the time of such exchange; and effective provision shall be made in such new Warrant so that the provisions set forth herein of the protection of the exercise rights of the Holder of this Warrant (including, without limitation, this Section 4) shall thereafter be made applicable as nearly as reasonably may be, to such new Warrant. An adjustment made pursuant to this Section 4(a) for a dividend or distribution shall become effective immediately after the record date for the dividend or distribution and an adjustment made pursuant to this Section 4(a) for a subdivision, combination or reclassification shall become effective immediately after the effective date of the subdivision, combination or reclassification. Such adjustment shall be made successively whenever any action listed above shall be taken. In any case in which this Section 4(a) shall require that an adjustment shall become effective immediately after a record date for an event, the adjustment shall be subject to the occurrence of such event.

Appears in 1 contract

Samples: Global Sports Inc

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Stock Dividends, Subdivisions or Combinations. In case the Company shall (i) pay a dividend or make a distribution on its outstanding shares of Common Series F Preferred Stock in shares of its Common Series F Preferred Stock, (ii) subdivide the then outstanding shares of its Common Series F Preferred Stock into a greater number of shares of Common Series F Preferred Stock, (iii) combine the then outstanding shares of its Common Series F Preferred Stock into a smaller number of shares of Common Series F Preferred Stock, or (iv) issue by reclassification of its shares of Common Series F Preferred Stock any shares of capital stock of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (A) in the case of clauses (i) and (ii) the Warrant Price in effect immediately prior to the opening of business on the record date for such dividend or distribution or the effective date of such subdivision shall be proportionately decreased, (B) in the case of clause (iii) the Warrant Price in effect immediately prior to the opening of business on the effective date of such combination shall be proportionately increased, and (C) in the case of clause (iv) the Company shall execute and deliver to the Holder a new Warrant providing that the holder of this Warrant shall upon exercise of such new Warrant be entitled to receive the number and kind of shares of capital stock of the Company which it would have owned or been entitled to receive immediately following such action had this Warrant been exercised in full immediately prior to such time. The aggregate exercise price of such new Warrant shall be equal to the aggregate Warrant Price of this this. Warrant at the time of such exchange; and effective provision shall be made in such new Warrant so that the provisions set forth herein of the protection of the exercise rights of the Holder of this Warrant (including, without limitation, this Section 4) shall thereafter be made applicable as nearly as reasonably may be, to such new Warrant. An adjustment made pursuant to this Section 4(a) for a dividend or distribution shall become effective immediately after the record date for the dividend or distribution and an adjustment made pursuant to this Section 4(a) for a subdivision, combination or reclassification shall become effective immediately after the effective date of the subdivision, combination or reclassification. Such adjustment shall be made successively whenever any action listed above shall be taken. In any case in which this Section 4(a) shall require that an adjustment shall become effective immediately after a record date for an event, the adjustment shall be subject to the occurrence of such event.

Appears in 1 contract

Samples: Logicvision Inc

Stock Dividends, Subdivisions or Combinations. In case the Company shall (i) pay a dividend or make a distribution on its outstanding shares of Common Series C Preferred Stock in shares of its Common Series C Preferred Stock, (ii) subdivide the then outstanding shares of its Common Series C Preferred Stock into a greater number of shares of Common Series C Preferred Stock, (iii) combine the then outstanding shares of its Common Series C Preferred Stock into a smaller number of shares of Common Series C Preferred Stock, or (iv) issue by reclassification of its shares of Common Series C Preferred Stock any shares of capital stock of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (A) in the case of clauses (i) and (ii) the Warrant Price in effect immediately prior to the opening of business on the record date for such dividend or distribution or the effective date of such subdivision shall be proportionately decreased, (B) in the case of clause (iii) the Warrant Price in effect immediately prior to the opening of business on the effective date of such combination shall be proportionately increased, and (C) in the case of clause (iv) the Company shall execute and deliver to the Holder a new Warrant providing that the holder of this Warrant shall upon exercise of such new Warrant be entitled to receive the number and kind of shares of capital stock of the Company which it would have owned or been entitled to receive immediately following such action had this Warrant been exercised in full immediately prior to such time. The aggregate exercise price of such new Warrant shall be equal to the aggregate Warrant Price of this Warrant at the time of such exchange; and effective provision shall be made in such new Warrant so that the provisions set forth herein of the protection of the exercise rights of the Holder of this Warrant (including, without limitation, this Section 4) shall thereafter be made applicable as nearly as reasonably may be, to such new Warrant. An adjustment made pursuant to this Section 4(a) for a dividend or distribution shall become effective immediately after the record date for the dividend or distribution and an adjustment made pursuant to this Section 4(a) for a subdivision, combination or reclassification shall become effective immediately after the effective date of the subdivision, combination or reclassification. Such adjustment shall be made successively whenever any action listed above shall be taken. In any case in which this Section 4(a) shall require that an adjustment shall become effective immediately after a record date for an event, the adjustment shall be subject to the occurrence of such event.

Appears in 1 contract

Samples: Fogdog Inc

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Stock Dividends, Subdivisions or Combinations. In case the Company shall (i) pay a dividend or make a distribution on its outstanding shares of Common Series F Preferred Stock in shares of its Common Series F Preferred Stock, (ii) subdivide the then outstanding shares of its Common Series F Preferred Stock into a greater number of shares of Common Series F Preferred Stock, (iii) combine the then outstanding shares of its Common Series F Preferred Stock into a smaller number of shares of Common Series F Preferred Stock, or (iv) issue by reclassification of its shares of Common Series F Preferred Stock any shares of capital stock of the Company (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (A) in the case of clauses (i) and (ii) the Warrant Price in effect immediately prior to the opening of business on the record date for such dividend or distribution or the effective date of such subdivision shall be proportionately decreased, (B) in the case of clause (iii) the Warrant Price in effect immediately prior to the opening of business on the effective date of such combination shall be proportionately increased, and (C) in the case of clause (iv) the Company shall execute and deliver to the Holder a new Warrant providing that the holder of this Warrant shall upon exercise of such new Warrant be entitled to receive the number and kind of shares of capital stock of the Company which it would have owned or been entitled to receive immediately following such action had this Warrant been exercised in full immediately prior to such time. The aggregate exercise price of such new Warrant shall be equal to the aggregate Warrant Price of this Warrant at the time of such exchange; and effective provision shall be made in such new Warrant so that the provisions set forth herein of the protection of the exercise rights of the Holder of this Warrant (including, without limitation, this Section 4) shall thereafter be made applicable as nearly as reasonably may be, to such new Warrant. An adjustment made pursuant to this Section 4(a) for a dividend or distribution shall become effective immediately after the record date for the dividend or distribution and an adjustment made pursuant to this Section 4(a) for a subdivision, combination or reclassification shall become effective immediately after the effective date of the subdivision, combination or reclassification. Such adjustment shall be made successively whenever any action listed above shall be taken. In any case in which this Section 4(a) shall require that an adjustment shall become effective immediately after a record date for an event, the adjustment shall be subject to the occurrence of such event.

Appears in 1 contract

Samples: Logicvision Inc

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