Stock Splits, Dividends and Combinations. If the outstanding Company Shares shall be subdivided into a greater number of shares or a dividend or other distribution payable in additional shares shall be paid in respect of Common Shares, the Exercise Price in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding Company Shares shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination be proportionately increased. When any adjustment is required to be made in the Exercise Price, the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Exercise Price in effect immediately prior to such adjustment, by (ii) the Exercise Price in effect immediately after such adjustment.
Appears in 6 contracts
Samples: Warrant Agreement (Lumenis LTD), Warrant Agreement (Lumenis LTD), Warrant Agreement (Lumenis LTD)
Stock Splits, Dividends and Combinations. If the outstanding Company Shares shall be subdivided into a greater number of shares or a dividend or other distribution payable in additional shares shall be paid in respect of Common Company Shares, the Exercise Price in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding Company Shares shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination be proportionately increased. When any adjustment is required to be made in the Exercise Price, the number of Warrant Shares purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Exercise Price in effect immediately prior to such adjustment, by (ii) the Exercise Price in effect immediately after such adjustment.
Appears in 5 contracts
Samples: Warrant Agreement (Lumenis LTD), Warrant Agreement (Lumenis LTD), Warrant Agreement (Lumenis LTD)
Stock Splits, Dividends and Combinations. If the outstanding Company Shares shares subject to the Mutual Option shall be subdivided into a greater number of shares or a dividend or other distribution payable in additional shares shall be paid in respect of Common Sharessuch, the Exercise Price Exchange Ratio in effect immediately prior to such subdivision or at the record date of such dividend shall simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend be proportionately reduced. If outstanding Company Shares shares subject to the Mutual Option shall be combined into a smaller number of shares, the Exercise Price Exchange Ratio in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination be proportionately increased. When any adjustment is required to be made in the Exercise PriceExchange Ratio, the number of Warrant Shares respective shares purchasable upon the exercise of this Warrant the Mutual Option shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant the Mutual Option immediately prior to such adjustment, multiplied by the Exercise Price Exchange Ratio in effect immediately prior to such adjustment, by (ii) the Exercise Price Exchange Ratio in effect immediately after such adjustment.
Appears in 1 contract
Samples: Ordinary Share Purchase Agreement (World Health Energy Holdings, Inc.)