Common use of Stock Splits, Stock Dividends, etc Clause in Contracts

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereof, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased.

Appears in 2 contracts

Samples: Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp), Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp)

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Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereof, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D E Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D E Preferred Stock shall be proportionately increased.

Appears in 2 contracts

Samples: Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp), Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp)

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereofIssue Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased. In such event, the Corporation shall notify the Corporation's transfer agent of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Convertible Note Agreement (Merlin Software Technologies International Inc)

Stock Splits, Stock Dividends, etc. If, If at any time on or after the date hereof, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased.

Appears in 1 contract

Samples: Loan and Security Agreement (Compu Dawn Inc)

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereofIssue Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or combination, reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased. In such event, the Company shall notify the Company’s transfer agent of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ener1 Inc)

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereofIssue Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock Fixed Amount shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock Fixed Amount shall be proportionately increased. In such event, the Corporation shall notify the Corporation's transfer agent of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Convertible Note (Lumenon Innovative Lightwave Technology Inc)

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Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereof, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased.

Appears in 1 contract

Samples: Convertible Note (Axion International Holdings, Inc.)

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereofand from time to time, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or combination, reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased. In such event, the Maker shall notify the Maker's transfer agent of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Unsecured Convertible Debenture and Warrant Purchase Agreement (Miravant Medical Technologies)

Stock Splits, Stock Dividends, etc. If, at any time on or after the date hereofIssuance Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, reclassification or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately reduced, or if of the number of outstanding shares of Common Stock is decreased by a reverse stock split, combination or combination, reclassification of shares, or other similar event, the Conversion Price for each share of Series D Preferred Stock shall be proportionately increased. In such event, the Borrower shall notify the Borrower's transfer agent of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Convertible Promissory Note (Level 8 Systems Inc)

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