Common use of Subdivision or Combination of Common Stock and Stock Dividends Clause in Contracts

Subdivision or Combination of Common Stock and Stock Dividends. In -------------------------------------------------------------- case the Company shall at any time after the date hereof (a) issue any shares of Common Stock as a dividend upon Common Stock, or (b) issue any shares of Common Stock by reclassification or otherwise, or (c) combine outstanding shares of Common Stock, by reclassification or otherwise, the Exercise Price which would apply if purchase rights hereunder were being exercised immediately prior to such action by the Company shall be adjusted by multiplying it by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such dividend, subdivision or combination and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such dividend, subdivision or combination.

Appears in 2 contracts

Samples: Convertible Note and Warrant Purchase Agreement (Photoelectron Corp), Convertible Note and Warrant Purchase Agreement (Photoelectron Corp)

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Subdivision or Combination of Common Stock and Stock Dividends. In -------------------------------------------------------------- case If the Company shall at any time after the date hereof (a) issue any shares of Common Stock or Convertible Securities, or any rights to purchase Common Stock or Convertible Securities, as a dividend upon Common Stock, or (b) issue any shares of Common Stock, in subdivision of outstanding shares of Common Stock by reclassification or otherwise, or (c) combine outstanding shares of Common Stock, by reclassification or otherwise, then the Exercise Price which that would apply if purchase rights hereunder were being exercised immediately prior to such action by the Company shall be adjusted by multiplying it by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately prior to such dividend, subdivision subdivision, or combination and the denominator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately after such dividend, subdivision subdivision, or combination.

Appears in 2 contracts

Samples: Underwriters' Warrant (Curtis International LTD), Warrant Agreement (Ustel Inc)

Subdivision or Combination of Common Stock and Stock Dividends. In -------------------------------------------------------------- case If the Company shall at any time after the date hereof (a) issue any shares of Common Stock or Convertible Securities, or any rights to purchase Common Stock or Convertible Securities, as a dividend upon Common Stock, or (b) issue any shares of Common Stock, in subdivision of outstanding shares of Commercial Stock by reclassification or otherwise, or (c) combine outstanding shares of Common Stock, by reclassification or otherwise, then the Exercise Price which that would apply if purchase rights hereunder were being exercised immediately prior to such action by the Company shall be adjusted by multiplying it by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately prior to after such dividend, subdivision subdivision, or combination and the denominator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately after such dividend, subdivision subdivision, or combination.

Appears in 1 contract

Samples: Underwriters' Warrant (Tradestation Group Inc)

Subdivision or Combination of Common Stock and Stock Dividends. In -------------------------------------------------------------- case If the Company shall at any time after the date hereof (a) issue any shares of Common Stock or Convertible Securities, or any rights to purchase Common Stock or Convertible Securities, as a dividend upon Common Stock, or (b) issue any shares of Common Stock, in subdivision of outstanding shares of Common Stock by reclassification or otherwise, or (c) combine outstanding shares of Common Stock, by reclassification or otherwise, then the Warrant Share Exercise Price which that would apply if purchase rights hereunder were being exercised immediately prior to such action by the Company shall be adjusted by multiplying it by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately prior to such dividend, subdivision subdivision, or combination and the denominator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately after such dividend, subdivision subdivision, or combination.

Appears in 1 contract

Samples: Underwriters' Warrant (Visual Data Corp)

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Subdivision or Combination of Common Stock and Stock Dividends. In -------------------------------------------------------------- case the Company shall at any time after the date hereof (a) issue any shares of Common Stock or of Convertible Securities, or any rights to purchase Common Stock or Convertible Securities, as a dividend upon Common Stock, or (b) issue any shares of Common Stock in subdivision of outstanding shares of Common Stock by reclassification or otherwise, or (c) combine outstanding shares of Common Stock, by reclassification or otherwise, the Exercise Price which would apply if purchase rights hereunder were being exercised immediately prior to such action by the Company shall be adjusted by multiplying it by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately prior to such dividend, subdivision or combination and the denominator of which shall be the number of shares of Common Stock outstanding Deemed Outstanding immediately after such dividend, subdivision or combination.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Best Software Inc)

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