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 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 the common stock into a smaller number of shares, the number of shares of the common stock receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 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.)

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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 the common stock 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 the common stock Common Stock into a smaller number of shares, the number of shares of the common stock Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 2(b) 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)

Stock Split and Reverse Stock Split. If the Company at any time time, or from time to time time, effects a stock split or subdivision of the outstanding common stockCommon Stock, the number of shares of the common Conversion Price then in effect immediately before that stock receivable upon the exercise of this Warrant split or subdivision shall be proportionately increasedreduced. If the Company at any time time, or from time to time time, effects a reverse stock split or combines the outstanding shares of the common stock Common Stock into a smaller number of shares, the number of shares of the common Conversion Price then in effect immediately before that reverse stock receivable upon the exercise of this Warrant split or combination shall be proportionately decreasedincreased. Each adjustment under this Section 2(b) 5.4 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: Convertible Promissory Note (Viscount Systems 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 the common Aggregate Number then in effect immediately before that stock receivable upon the exercise of this Warrant split or subdivision 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 the common stock Common Stock into a smaller number of shares, the number of shares of the common Aggregate Number then in effect immediately before that reverse stock receivable upon the exercise of this Warrant split or combination shall be proportionately decreased. Each adjustment under this Section 2(b) 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 Agreement (Intraware Inc)

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Stock Split and Reverse Stock Split. If the Company at any time time, or from time to time time, effects a stock split or subdivision of the outstanding common stockCommon Stock, the number of shares of the common Exercise Price then in effect immediately before that stock receivable upon the exercise of this Warrant split or subdivision shall be proportionately increasedreduced. If the Company at any time time, or from time to time time, effects a reverse stock split or combines the outstanding shares of the common stock Common Stock into a smaller number of shares, the number of shares of the common Exercise Price then in effect immediately before that reverse stock receivable upon the exercise of this Warrant split or combination shall be proportionately decreasedincreased. Each adjustment under this Section 2(b7(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 Agreement (True Drinks Holdings, Inc.)

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