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

Stock Splits, Stock Dividends, etc. If, at any time on or after the Issue Date, the number of outstanding shares of Common Stock is increased by a stock split, stock dividend, combination, or other similar event, the Conversion Price 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 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 5 contracts

Samples: Securities Purchase Agreement (Network Commerce Inc), Cellpoint Inc, Waverider Communications Inc

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Stock Splits, Stock Dividends, etc. If, If at any time on or after the Issue Datedate of issuance of this Debenture, 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 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 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 2 contracts

Samples: Securities Purchase Agreement (Accent Software International LTD), Securities Purchase Agreement (Accent Software International LTD)

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Stock Splits, Stock Dividends, etc. If, If at any time on or after the Issue Closing 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 Fixed Exercise Price 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 Fixed Exercise Price shall be proportionately increased. In such event, the Corporation shall notify the Corporation's transfer agent for the Common Stock of such change on or before the effective date thereof.

Appears in 1 contract

Samples: Smartserv Online Inc

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