Common use of Subdivision or Combination of Shares Clause in Contracts

Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, and the number of Shares subject to this Warrant shall be proportionately increased, and conversely, in case the outstanding Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject to this Warrant shall be proportionately decreased.

Appears in 83 contracts

Samples: Securities Purchase Agreement (Global Clean Energy Holdings, Inc.), Loan and Security Agreement (Medical Discoveries Inc), Warrant to Purchase Common Stock (MultiCell Technologies, Inc.)

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Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, reduced and the number of Shares subject to shares obtainable upon exercise of this Warrant shall be proportionately increased, and conversely. Conversely, in case the outstanding Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, increased and the number of Shares subject to shares obtainable upon exercise of this Warrant shall be proportionately decreased.

Appears in 10 contracts

Samples: Debenture and Warrant Purchase Agreement, Warrant to Purchase Common Stock (Odetics Inc), Debenture and Warrant Purchase Agreement (Iteris Holdings Inc)

Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, reduced and the number of Shares subject to obtainable upon exercise of this Warrant shall be proportionately increased, and conversely. Conversely, in case the outstanding Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, increased and the number of Shares subject to obtainable upon exercise of this Warrant shall be proportionately decreased.

Appears in 5 contracts

Samples: Warrant to Purchase Common Stock (Irvine Sensors Corp/De/), Warrant to Purchase Common Stock (Irvine Sensors Corp/De/), Warrant to Purchase Common Stock (Irvine Sensors Corp/De/)

Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, and the number of Shares subject to this Warrant shall be proportionately increased, and conversely, in case the outstanding Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject to this Warrant shall be proportionately decreased.

Appears in 5 contracts

Samples: Warrant to Purchase Common Stock (Molecular Imaging Corp), Warrant to Purchase Common Stock (Molecular Imaging Corp), Warrant Agreement (Irvine Sensors Corp/De/)

Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock Shares into a greater number of shares, the Warrant Share Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced, and the number of Shares subject to this Warrant shall be proportionately increased, and conversely, in case the outstanding Common Stock Shares of the Company shall be combined into a smaller number of shares, the Warrant Share Purchase Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject to this Warrant shall be proportionately decreased.

Appears in 2 contracts

Samples: Share Subscription Agreement (T2CN Holding LTD), Warrant Agreement (T2CN Holding LTD)

Subdivision or Combination of Shares. In case If at any time on or after the date of this Warrant the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, reduced and the number of Shares subject to this shares receivable upon exercise of the Warrant shall be proportionately increased; and, and conversely, in case if at any time on or after the date of this Warrant the outstanding number of shares of Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, increased and the number of Shares subject to this shares receivable upon exercise of the Warrant shall be proportionately decreased.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Hillman Co), Warrant Agreement (Superconductor Technologies Inc)

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Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock Ordinary Shares into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall be proportionately reduced, and the number of Shares subject to this Warrant shall be proportionately increased, and conversely, in case the outstanding Common Stock Ordinary Shares of the Company shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject to this Warrant shall be proportionately decreased.

Appears in 1 contract

Samples: Warrant Agreement (Futuremedia PLC)

Subdivision or Combination of Shares. In case the Company shall at any time subdivide its outstanding Common Stock into a greater number of shares, the Warrant Unit Price in effect immediately prior to such subdivision shall be proportionately reduced, and the number of Shares subject to this Unit Warrant shall be proportionately increased, and conversely, in case the outstanding Common Stock of the Company shall be combined into a smaller number of shares, the Warrant Unit Price in effect immediately prior to such combination shall be proportionately increased, and the number of Shares subject to this Unit Warrant shall be proportionately decreased.

Appears in 1 contract

Samples: Warrant to Purchase Units of Common Stock (Universal Guardian Holdings Inc)

Subdivision or Combination of Shares. In case If at any time or from time to time after the date hereof the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of sharesStock, then the Warrant Price in effect immediately prior to such subdivision shall be reduced proportionately reduced, and the number of Warrant Shares subject (calculated to this Warrant the nearest whole Share) shall be proportionately increasedincreased proportionately, and conversely, in case the event the outstanding shares of Common Stock of the Company shall be combined into a smaller number of sharesshares of Common Stock, then the Warrant Price in effect immediately prior to such combination shall be increased proportionately increased, and the number of Warrant Shares subject (calculated to this Warrant the nearest whole Share) shall be proportionately decreaseddecreased proportionately.

Appears in 1 contract

Samples: Warrant Agreement (Harvest Capital Credit Corp)

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