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

Stock Splits and Reverse Stock Splits. If the Company shall ------------------------------------- subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price and Designated Value shall be proportionately reduced and the number of Warrant Shares issuable upon exercise of the Warrants represented hereby shall be proportionately increased. If the Company shall combine the outstanding shares of Common Stock into a smaller number of shares, the Exercise Price and Designated Value shall be proportionately increased and the number of Warrant Shares issuable upon exercise of the Warrants represented hereby shall be proportionately decreased.

Appears in 2 contracts

Samples: Warrant Agreement (Hob Entertainment Inc /De/), Warrant Agreement (Hob Entertainment Inc /De/)

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Stock Splits and Reverse Stock Splits. If the Company shall ------------------------------------- subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price and Designated Value in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of Warrant Shares issuable receivable upon exercise of the Warrants represented hereby this Warrant shall thereby be proportionately increased. If the Company shall combine ; and, conversely, if the outstanding number of shares of Common Stock shall be combined into a smaller number of shares, the Exercise Price and Designated Value in effect immediately prior to such combination shall thereby be proportionately increased and the number of Warrant Shares issuable receivable upon exercise of the Warrants represented hereby Warrant shall be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Aderis Pharmaceuticals Inc)

Stock Splits and Reverse Stock Splits. If the Company shall ------------------------------------- subdivide its outstanding shares of Common [Common/Preferred] Stock [of the same class] into a greater number of shares, the Exercise Price and Designated Value shall be proportionately reduced and the number of Warrant Shares issuable upon exercise of the Warrants represented hereby each Warrant shall be proportionately increased. If the Company shall combine the outstanding shares of Common [Common/Preferred] Stock [of the same class] into a smaller number of shares, the Exercise Price and Designated Value shall be proportionately increased and the number of Warrant Shares issuable upon exercise of the Warrants represented hereby each Warrant shall be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Immunomedics Inc)

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Stock Splits and Reverse Stock Splits. If the Company shall ------------------------------------- subdivide its outstanding shares of Common Stock into a greater number of shares, the Exercise Price and Designated Value in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of Warrant Shares issuable receivable upon exercise of the Warrants represented hereby this Warrant shall thereby be proportionately increased. If the Company shall combine ; and, conversely, if the outstanding number of shares of Common Stock shall be combined into a smaller number of shares, the Exercise Price and Designated Value in effect immediately prior to such combination shall thereby be proportionately increased and the number of Warrant Shares issuable receivable upon exercise of the Warrants represented hereby Warrant shall be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Aderis Pharmaceuticals Inc)

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