Stock Splits and Reverse Splits. In the event that the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Shares into which this Note may be converted immediately prior to such subdivision shall be proportionately increased, and conversely, in the event that the outstanding shares of Common Stock shall at any time be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased and the number of Shares into which this Note may be converted immediately prior to such combination shall be proportionately reduced. Except as provided in this Section 5.4 no adjustment in the Conversion Price and no change in the number of Shares shall be made under this Article V as a result of or by reason of any such subdivision or combination.
Appears in 7 contracts
Samples: Note (Black Warrior Wireline Corp), Reimbursement Agreement (Industrial Holdings Inc), Purchase and Sale Agreement (Industrial Holdings Inc)
Stock Splits and Reverse Splits. In the event that the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Shares into which purchasable pursuant to this Note may be converted Warrant immediately prior to such subdivision shall be proportionately increased, and conversely, in the event that the outstanding shares of Common Stock shall at any time be combined into a smaller number of shares, the Conversion Purchase Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares into which purchasable upon the exercise of this Note may be converted Warrant immediately prior to such combination shall be proportionately reduced. Except as provided in this Section 5.4 subsection 5.8, no adjustment in the Conversion Purchase Price and no change in the number of Warrant Shares purchasable shall be made under this Article V Section 5 as a result of or by reason of any such subdivision or combination.
Appears in 5 contracts
Samples: Common Stock Purchase Warrant (I2 Technologies Inc), Common Stock Purchase Warrant (Vialink Co), Common Stock Purchase Warrant (Vialink Co)