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

Stock Splits and Reverse Stock Splits. If at any time on or after the date hereof the Company shall subdivide its issued and outstanding shares of Series E Convertible Preferred stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately increased; and, conversely, if at any time on or after the date hereof the outstanding number of shares of Series E Convertible Preferred stock shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.

Appears in 2 contracts

Samples: Series E Convertible Preferred Stock Purchase Agreement (Accentia Biopharmaceuticals Inc), Warrant Agreement (Accentia Biopharmaceuticals Inc)

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Stock Splits and Reverse Stock Splits. If at any time on or after the date hereof the Company shall subdivide its issued and outstanding shares of Series E Convertible Preferred stock Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately increased; and, conversely, if at any time on or after the date hereof the outstanding number of shares of Series E Convertible Preferred stock Stock shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.

Appears in 1 contract

Samples: Series E Convertible Preferred Stock Purchase Agreement (Accentia Biopharmaceuticals Inc)

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Stock Splits and Reverse Stock Splits. If at any time and from ------------------------------------- time to time on or after the date hereof the Company shall subdivide or otherwise change its issued and outstanding shares of Series E Convertible Preferred stock Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately increased; and, conversely, if at any time and from time to time on or after the date hereof the outstanding number of shares of Series E Convertible Preferred stock Common Stock shall be combined or otherwise changed into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Total Sports Inc)

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