Common use of Subdivision, Stock Dividends or Combinations Clause in Contracts

Subdivision, Stock Dividends or Combinations. In case the Company shall at any time after the commencement of the Exercise Period subdivide the outstanding Common Stock or shall issue a stock dividend with respect to the Common Stock, the Exercise Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in case the Company shall at any time after the commencement of the Exercise Period combine the outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such combination shall be proportionately increased, in each case effective at the close of business on the date of such subdivision, dividend, or combination, as the case may be.

Appears in 15 contracts

Samples: Warrant Agreement (CrowdGather, Inc.), Warrant Agreement (Jayhawk Energy, Inc.), Warrant Agreement (Jayhawk Energy, Inc.)

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Subdivision, Stock Dividends or Combinations. In case the Company shall at any time after the commencement of the Exercise Period subdivide the outstanding Common Stock or shall issue a stock dividend with respect to the Common Stock, the Exercise Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in case the Company shall at any time after the commencement of the Exercise Period combine the outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such combination shall be proportionately increased, in each case effective at the close of business on the date of such subdivision, dividend, dividend or combination, as the case may be.

Appears in 6 contracts

Samples: Milk Bottle Cards Inc., Eternal Energy Corp., Amish Naturals, Inc.

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Subdivision, Stock Dividends or Combinations. In case the Company shall at any time after the commencement of the Exercise Period subdivide the outstanding Common Stock or shall issue a stock dividend with respect to the Common Stock, the Exercise Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreaseddecreased and the Share Number proportionately increased, and in case the Company shall at any time after the commencement of the Exercise Period combine the outstanding shares of Common Stock, the Exercise Price in effect immediately prior to such combination shall be proportionately increasedincreased and the Share Number proportionately decreased, in each case effective at the close of business on the date of such subdivision, dividend, dividend or combination, as the case may be.

Appears in 2 contracts

Samples: CPI Investments, Inc., CPI Investments, Inc.

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