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

Subdivision, Stock Dividends or Combinations. In case the Company shall at any time subdivide the outstanding shares of Common Stock or shall issue a dividend in the form of Common Stock with respect to Common Stock, the Warrant Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and the number of shares of Warrant Stock purchasable immediately prior to such subdivision or issuance of dividend shall be proportionately increased, effective at the close of business on the date of such subdivision or dividend. In case the Company shall at any time combine the outstanding shares of Common Stock the Warrant Price in effect immediately prior to such combination shall be proportionately increased, and the number of shares of Warrant Stock purchasable immediately prior to such combination shall be proportionately decreased, effective at the close of business on the date of such combination. The provisions of this Section 4(a) shall similarly apply to successive subdivisions, dividends in Common Stock and combinations.

Appears in 2 contracts

Samples: Warrant Agreement (Healthgate Data Corp), Warrant Agreement (Healthgate Data Corp)

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Subdivision, Stock Dividends or Combinations. In case If the Company shall at any time subdivide subdivides the outstanding shares of Common Stock or shall issue issues a dividend in the form of Common Stock with respect to Common Stock, the Warrant Exercise Price and the Market Price in effect immediately prior to such subdivision or the issuance of such dividend shall will each be proportionately decreased, and the number of shares of Warrant Stock purchasable upon the full exercise of this Warrant immediately prior to such subdivision or issuance of dividend shall will be proportionately increased, effective at the close of business on the date of such subdivision or dividend. In case If the Company shall at any time combine combines the outstanding shares of Common Stock Stock, the Warrant Exercise Price and Market Price in effect immediately prior to such combination shall will each be proportionately increased, and the number of shares of Warrant Stock purchasable upon the full exercise of this Warrant immediately prior to such combination shall will be proportionately decreased, effective at the close of business on the date of such combination. The provisions of this This Section 4(a5 (a) shall will similarly apply to successive subdivisions, dividends in Common Stock and combinations.

Appears in 1 contract

Samples: Warrant Agreement (Zix Corp)

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Subdivision, Stock Dividends or Combinations. In case the Company shall at any time subdivide the outstanding shares of Common Stock or shall issue a dividend in the form of Common Stock with respect to Common Stock, the Warrant Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and the number of shares of Warrant Stock purchasable immediately prior to such subdivision or issuance of dividend shall be proportionately increased, effective at the close of business on the date of such subdivision or dividend. In case the Company shall at any time combine the outstanding shares of Common Stock Stock, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, and the number of shares of Warrant Stock purchasable immediately prior to such combination shall be proportionately decreased, effective at the close of business on the date of such combination. The provisions of this Section 4(a) shall similarly apply to successive subdivisions, dividends in Common Stock and combinations.

Appears in 1 contract

Samples: Warrant Agreement (Healthgate Data Corp)

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