Common use of Stock Split and Reverse Stock Split Clause in Contracts

Stock Split and Reverse Stock Split. If the Company at any time or from time to time effects a stock split or subdivision of the outstanding Common Stock, the number of shares of Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately increased. If the Company at any time or from time to time effects a reverse stock split or combines the outstanding shares of Common Stock into a smaller number of shares, the number of shares of Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 4.D shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Value America Inc /Va)

AutoNDA by SimpleDocs

Stock Split and Reverse Stock Split. If the Company at any time or from time to time after the date hereof effects a stock split or subdivision of the outstanding Common Stock, the number of shares of Common Stock Shares theretofore receivable upon the exercise of this Warrant shall be proportionately increased. If the Company at any time or from time to time after the date hereof effects a reverse stock split or combines the outstanding shares of Common Stock into a smaller number of shares, the number of shares of Common Stock Shares theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 4.D 4.2 shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Samples: Regen Biologics Inc

Stock Split and Reverse Stock Split. If the Company at any time or from time to time effects a stock split or subdivision of the outstanding Common Stockcommon stock, the number of shares of Common Stock theretofore the common stock receivable upon the exercise of this Warrant shall be proportionately increased. If the Company at any time or from time to time effects a reverse stock split or combines the outstanding shares of Common Stock the common stock into a smaller number of shares, the number of shares of Common Stock theretofore the common stock receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 4.D 2(b) shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Samples: Warrant Agreement (Ominto, Inc.)

AutoNDA by SimpleDocs

Stock Split and Reverse Stock Split. If the Company at any time or from time to time after the Issue Date effects a stock split or subdivision of the outstanding Common Stock, the Purchase Price then in effect immediately before that subdivision shall be proportionately decreased and the number of shares of Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately increased. If the Company at any time or from time to time effects a reverse stock split or after the Issue Date combines the outstanding shares of Common Stock into a smaller number of shares, the Purchase Price then in effect immediately before that combination shall be proportionately increased and the number of shares of Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 4.D 3(d) shall become effective at the close of business on the date the stock split, subdivision, reverse stock split subdivision or combination becomes effective.

Appears in 1 contract

Samples: Intrexon Corp

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