Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series B Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that he would have owned or been entitled to receive had such Series B Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price shall be made whenever any event specified above shall occur.
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Samples: Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Preferred Stock Purchase Agreement (Datrek Miller International, Inc.), Securities Purchase Agreement (Tangible Asset Galleries Inc)
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series B C Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that he would have owned or been entitled to receive had such Series B C Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price shall be made whenever any event specified above shall occur.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc), Preferred Stock Purchase Agreement (Forefront Holdings, Inc.)
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its the Common Stock in shares of its the Common Stock, (ii) subdivide or reclassify the outstanding shares of the Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding shares of the Common Stock into a smaller number of shares, at a price which is less than the Conversion Price; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series B C Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of the Common Stock that he would have owned or been entitled to receive had such shares of the Series B C Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price Rate shall be made whenever any event specified above shall occur.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Tangible Asset Galleries Inc), Securities Purchase Agreement (Tangible Asset Galleries Inc)
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series B D Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that he would have owned or been entitled to receive had such Series B D Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price shall be made whenever any event specified above shall occur.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Health Systems Solutions Inc)
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; , the Conversion Price Rate in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, combination or reclassification shall be proportionately adjusted so that the Holder holder of any shares of the Series B A Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that which he would have owned or been entitled to receive had such Series B A Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price Rate shall be made whenever any event specified above shall occur.
Appears in 1 contract
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; the Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, or reclassification shall be proportionately adjusted so that the Holder of any shares of the Series B D Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that he it would have owned or been entitled to receive had such Series B D Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price shall be made whenever any event specified above shall occur.
Appears in 1 contract
Samples: Securities Purchase Agreement (Tangible Asset Galleries Inc)
Stock Dividends, Subdivisions, Reclassification, or Combinations. If the Corporation shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares; , the Conversion Price Rate in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination, combination or reclassification shall be proportionately adjusted so that the Holder holder of any shares of the Series B D Preferred Stock surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock that which he would have owned or been entitled to receive had such Series B D Preferred Stock been converted immediately prior to such date. Successive adjustments in the Conversion Price Rate shall be made whenever any event specified above shall occur.
Appears in 1 contract
Samples: Merger Agreement (Diplomat Corp)