Subdivision or Combination of Stock. If at any time or from time to time after the Commencement Date, the Company shall subdivide its outstanding shares of Stock, the Exercise Price in effect immediately prior to such subdivision shall be reduced proportionately and the number of Warrant Shares (calculated to the nearest whole share) shall be increased proportionately, and conversely, in the event the outstanding shares of Stock shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be increased proportionately and the number of Warrant Shares (calculated to the nearest whole share) shall be decreased proportionately.
Appears in 12 contracts
Samples: Common Stock Purchase Warrant (Purchasesoft Inc), Common Stock Purchase Warrant (Purchasesoft Inc), Common Stock Purchase Warrant (Purchasesoft Inc)
Subdivision or Combination of Stock. If In case the Company shall at any time or from time to time after subdivide the Commencement Date, the Company shall subdivide its outstanding shares of StockCommon Stock into a greater number of shares, the each Exercise Price price in effect immediately prior to such subdivision shall be proportionately reduced proportionately and the number of Warrant Shares (calculated shares issuable upon exercise of the Warrants immediately prior to the nearest whole share) such subdivision shall be increased proportionatelyproportionately increased, and conversely, in the event case the outstanding shares of Common Stock shall be combined at any time into a smaller number of shares, the each Exercise Price in effect immediately prior to such combination shall be proportionately increased proportionately and the number of Warrant Shares (calculated shares issuable upon exercise of the Warrants immediately prior to the nearest whole share) such combination shall be decreased proportionatelyproportionately reduced.
Appears in 1 contract
Samples: Financing Agreement (Wahlco Environmental Systems Inc)
Subdivision or Combination of Stock. If at any time or from time to time after the Commencement Date, date hereof the Company shall subdivide its outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such subdivision shall be reduced proportionately and the number of Warrant Shares shares of Common Stock (calculated to the nearest whole share) shall be increased proportionately, and conversely, in the event the outstanding shares of Common Stock shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be increased proportionately and the number of Warrant Shares shares of Common Stock (calculated to the nearest whole share) shall be decreased proportionately.
Appears in 1 contract
Subdivision or Combination of Stock. If at any time or from time to time after the Commencement Date, date hereof the Company shall subdivide its outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such subdivision shall be reduced proportionately and the number of Warrant Shares (calculated to the nearest whole share) shall be increased proportionately, and conversely, in the event the outstanding shares of Common Stock shall be combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be increased proportionately and the number of Warrant Shares (calculated to the nearest whole share) shall be decreased proportionately.
Appears in 1 contract