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 the date of such stock dividend, subdivision, reclassification or combination. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 2 contracts

Samples: Warrant Agreement (Gexa Corp), Warrant Agreement (Gexa Corp)

AutoNDA by SimpleDocs

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 the date of such stock dividend, subdivision, reclassification or combinationdate. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.. Exhibit A - Warrant for Purchase of Shares of Common Stock

Appears in 1 contract

Samples: Master Warrant Agreement (Amedisys 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 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 the date of such stock dividend, subdivision, reclassification or combinationdate. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 1 contract

Samples: Subscription Agreement (Tuboscope Vetco International Corp)

AutoNDA by SimpleDocs

Stock Dividends, Subdivisions, Reclassifications or Combinations. If the Company shall (ishall(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 the date of such stock dividend, subdivision, reclassification or combinationdate. Successive adjustments in the Exercise Price shall be made whenever any event specified above shall occur.

Appears in 1 contract

Samples: Warrant Agreement (Acr Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!