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

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company 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 Exercise 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 this Warrant who exercises this Warrant after such date shall be entitled to receive the number of shares of Common Stock which he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 6 contracts

Samples: Exchange Agreement (Tuboscope Vetco International Corp), Exchange Agreement (Baker Hughes Inc), Warrant Agreement (Acr Group Inc)

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Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common StockShares, (ii) subdivide or reclassify the outstanding shares of Common Stock Shares into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Stock Shares into a smaller number of shares, the Exercise 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 this Warrant who exercises this Warrant after such date hereof shall be entitled to receive the number of shares of Common Stock Shares which he the Holder would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 6 contracts

Samples: Common Shares Purchase Warrant Agreement (Moventis Capital, Inc.), Common Shares Purchase Warrant (Moventis Capital, Inc.), Common Shares Purchase Warrant (Moventis Capital, Inc.)

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company Corporation shall (iA) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (iiB) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iiiC) combine or reclassify the outstanding Common Stock into a smaller number of shares, the Exercise 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 this Warrant who exercises this Warrant after such date shall be entitled to receive the number of shares of Common Stock which he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 5 contracts

Samples: Common Stock Purchase Warrant (Skinny Nutritional Corp.), Common Stock Purchase Warrant (Creative Enterprises International Inc), Common Stock Purchase Warrant (Creative Enterprises International Inc)

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company 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 Exercise Price and the number of Exercise Shares 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 holder of this Warrant who exercises this Warrant after such date shall be entitled to receive receive, upon exercise hereof, the number of shares of Common Stock which he the holder would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price and the number of Exercise Shares shall be made whenever any event specified above shall occur.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc)

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on its Common Stock in shares of its Common StockShares, (ii) subdivide or reclassify the outstanding shares of Common Stock Shares into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Common Stock Shares into a smaller number of shares, the Exercise 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 this Warrant who exercises this Warrant after such date hereof shall be entitled to receive the number of shares of Common Stock Shares which he the Holder would have owned or been entitled to receive had this Warrant Debenture been exercised converted immediately prior to such date. Successive adjustments in the Exercise Conversion Price shall be made whenever any event specified above shall occur.

Appears in 2 contracts

Samples: Convertible Secured Debenture Agreement (Moventis Capital, Inc.), Convertible Secured Debenture (Moventis Capital, Inc.)

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Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company 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 Exercise Initial 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 holder of this Warrant who exercises this Warrant the Note surrendered for conversion after such date shall be entitled to receive the number of shares of Common Stock which he would have owned or been entitled to receive had this Warrant the Note been exercised converted immediately prior to such date. Successive adjustments in the Exercise Initial Conversion Price shall be made whenever any event specified above shall occur.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Harris James T), Note and Warrant Purchase Agreement (Equalnet Holding Corp)

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company Corporation shall (iA) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (iiB) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iiiC) combine or reclassify the outstanding Common Stock into a smaller number of shares, the Exercise 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 and the Holder of this Warrant who exercises this Warrant Holder, after such date date, shall be entitled to receive the number of shares of Common Stock which he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Any adjustment made herein that results in a decrease in the Exercise Price shall also effect a proportional increase in the number of shares of Common Stock into which this Warrant is exercisable. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Nanosensors Inc)

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (iA) declare a dividend or make a distribution on its Common Stock in shares of its Common Stock, (iiB) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iiiC) combine or reclassify the outstanding Common Stock into a smaller number of shares, the Exercise 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 this Warrant who exercises this Warrant after such date shall be entitled to receive the number of shares of Common Stock which he would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 1 contract

Samples: Warrant Agreement (Skinny Nutritional Corp.)

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