Common use of Subdivision and Combination Clause in Contracts

Subdivision and Combination. If the Company at any time subdivides (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Stock subject to acquisition hereunder into a greater number of shares, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Common Stock subject to acquisition upon exercise of this Warrant will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Stock subject to acquisition hereunder into a smaller number of shares, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Common Stock subject to acquisition upon exercise of this Warrant will be proportionately decreased.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Carsunlimited Com Inc), Warrant Agreement (Vasomedical Inc)

AutoNDA by SimpleDocs

Subdivision and Combination. If the Company shall at any time subdivides subdivide (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Company Common Stock subject to acquisition hereunder into a greater number of shareshereunder, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Company Common Stock subject to acquisition upon exercise of this Warrant the Warrants will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Company Common Stock subject to acquisition hereunder into a smaller number of shareshereunder, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Company Common Stock subject to acquisition upon exercise of this Warrant the Warrants will be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Modigene Inc.)

AutoNDA by SimpleDocs

Subdivision and Combination. If the Company shall at any time subdivides subdivide (by any stock split, stock dividend, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunder into a greater number of shareshereunder, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Common Series A Preferred Stock subject to acquisition upon exercise of this Warrant the Warrants will be proportionately increased. If the Company at any time combines (by reverse stock split, recapitalization, reorganization, reclassification or otherwise) the shares of Series A Preferred Stock subject to acquisition hereunder into a smaller number of shareshereunder, then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Common Series B Preferred Stock subject to acquisition upon exercise of this Warrant the Warrants will be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Prospect Medical Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!