Subdivision or Combination. In the event the outstanding Common Stock shall be subdivided into a greater number of shares of Common Stock, the Exercise Price for the Warrant Shares shall, simultaneously with the effectiveness of such subdivision, be proportionately reduced and the number of Warrant Shares proportionately increased, and conversely, in case the outstanding Common Stock shall be combined into a smaller number of shares of Common Stock, the Exercise Price shall, simultaneously with the effectiveness of such combination, be proportionately increased and the number of Warrant Shares proportionately reduced.
Appears in 6 contracts
Samples: Warrant Agreement (Natural Wonders Inc), Warrant Agreement (Natural Wonders Inc), Warrant Agreement (Natural Wonders Inc)
Subdivision or Combination. In the event the outstanding Common -------------------------- Stock shall be subdivided into a greater number of shares of Common Stock, the Exercise Price for the Warrant Shares shall, simultaneously with the effectiveness of such subdivision, be proportionately reduced and the number of Warrant Shares proportionately increased, and conversely, in case the outstanding Common Stock shall be combined into a smaller number of shares of Common Stock, the Exercise Price shall, simultaneously with the effectiveness of such combination, be proportionately increased and the number of Warrant Shares proportionately reduced.
Appears in 2 contracts
Samples: Warrant Agreement (Anchor Pacific Underwriters Inc), Warrant Agreement (Anchor Pacific Underwriters Inc)
Subdivision or Combination. In the event the outstanding -------------------------- Common Stock shall be subdivided into a greater number of shares of Common Stock, the Exercise Price for the Warrant Shares shall, simultaneously with the effectiveness of such subdivision, be proportionately reduced and the number of Warrant Shares proportionately increased, and conversely, in case the outstanding Common Stock shall be combined into a smaller number of shares of Common Stock, the Exercise Price shall, simultaneously with the effectiveness of such combination, be proportionately increased and the number of Warrant Shares proportionately reduced.
Appears in 2 contracts
Samples: Warrant Agreement (Anchor Pacific Underwriters Inc), Warrant Agreement (Anchor Pacific Underwriters Inc)