Common use of Stock Splits, Combinations and Dividends Clause in Contracts

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value), or if a dividend is paid on the Common Stock in shares of Common Stock, the Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 3 contracts

Samples: Tidel Technologies Inc, Tidel Technologies Inc, Tidel Technologies Inc

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Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock or any preferred stock issued by the Borrower in shares of Common Stock, the Fixed Conversion Price or and for the Conversion purposes of Section 2.3 hereof, the Closing Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 2 contracts

Samples: DSL Net Inc, DSL Net Inc

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value), or if a dividend is paid on the Common Stock in shares of Common Stock, the Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 2 contracts

Samples: Tidel Technologies Inc, Tidel Technologies Inc

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock or any preferred stock issued by the Company in shares of Common StockStock (other than a dividend paid in connection with the Series E Convertible Preferred Stock of the Company issued prior to the date of this Note), the Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 2 contracts

Samples: Electric City Corp, Electric City Corp

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, if any portion of the Fixed Conversion Price is calculated based upon bid closing prices occurring prior to such event, the Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event with respect to the closing bid prices used in the calculation of the Conversion Price occurring prior to such event.

Appears in 1 contract

Samples: Restatement and Amendment Agreement (Command Center, Inc.)

Stock Splits, Combinations and Dividends. If the shares of Common --------------------------------------------- Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 1 contract

Samples: Sequiam Corp

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Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock or any preferred stock issued by the Borrower in shares of Common Stock, the Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in the case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 1 contract

Samples: Comc Inc

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Fixed Conversion Price or the Conversion PriceAdjustment Shares to be issued, as the case may be, shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 1 contract

Samples: Care Concepts I Inc /Fl/

Stock Splits, Combinations and Dividends. If the shares of Common Stock outstanding at any time after the date hereof are subdivided or combined into a greater or smaller number of shares of Common Stock (other than a change in par value, from par value to no par value or from no par value to par value)Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the applicable Fixed Conversion Price or the Conversion Price, as the case may be, shall be proportionately reduced in the case of a subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number of shares of Common Stock outstanding immediately prior to such event.

Appears in 1 contract

Samples: Cardiogenesis Corp /Ca

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