Common use of Subdivision or Combination of Stock Clause in Contracts

Subdivision or Combination of Stock. In case the Corporation shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Savvis Communications Corp), Securities Purchase Agreement (Reuters Group PLC), Securities Purchase Agreement (Savvis Communications Corp)

AutoNDA by SimpleDocs

Subdivision or Combination of Stock. In case the Corporation shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of sharesshares by way of stock split, stock dividend or similar event, the Conversion Warrant Purchase Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of sharesshares by way of reverse stock split or similar event, the Conversion Warrant Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Financial Pacific Insurance Group Inc), Warrant Agreement (Financial Pacific Insurance Group Inc), Warrant Agreement (Financial Pacific Insurance Group Inc)

Subdivision or Combination of Stock. In case the Corporation Company shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation Company shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Note, Stock Purchase and Warrant Agreement (Elephant & Castle Group Inc), Note Purchase Agreement (Accom Inc)

Subdivision or Combination of Stock. In case the Corporation shall event the Company should at any time declare a dividend or make any other distribution upon any stock of from time to time after the Corporation payable in Common Stock or date hereof subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in case if the outstanding shares of Common Stock of the Corporation shall be Company are combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Senior Convertible Promissory Note (Pharmion Corp), Senior Convertible Promissory Note (Celgene Corp /De/)

Subdivision or Combination of Stock. (a) In case the Corporation shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of sharesshares or declare a dividend or make any other distribution upon the Common Stock of the Corporation payable in Common Stock, the Conversion Purchase Price in effect immediately prior to such subdivision subdivision, dividend or distribution shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares, the Conversion Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Ecollege Com), Common Stock Purchase Warrant (Ecollege Com)

AutoNDA by SimpleDocs

Subdivision or Combination of Stock. In case the Corporation Company shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall be proportionately reduced, and conversely, in . In case the Company at any time shall combine its outstanding shares of Common Stock of the Corporation shall be combined into a smaller greater number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 1 contract

Samples: Stock Purchase Agreement (Velocity Express Corp)

Subdivision or Combination of Stock. In case If the Corporation shall at any time declare a dividend or make any other distribution upon subdivides (by any stock of the Corporation payable in Common Stock split, stock dividend, recapitalization or subdivide otherwise) its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision shall will be proportionately reduced, and conversely, in case . If the Corporation at any time combines (by reverse stock split or otherwise) its outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall will be proportionately increased.

Appears in 1 contract

Samples: Securities Purchase Agreement (Global Resource CORP)

Subdivision or Combination of Stock. In case the Corporation shall at any time declare a dividend or make any other distribution upon any stock of the Corporation payable in Common Stock or subdivide its outstanding shares of Common Stock into a greater number of sharesshares or declare a dividend or make any other distribution upon the Common Stock of the Corporation payable in Common Stock, the Conversion Purchase Price in effect immediately prior to such subdivision subdivision, dividend or distribution shall be proportionately reduced, and conversely, in case the outstanding shares of Common Stock of the Corporation shall be combined into a smaller number of shares, the Conversion Purchase Price in effect immediately prior to such combination shall be proportionately increased.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Security Associates International Inc)

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