Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 3 contracts
Samples: Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (North American Financial Holdings, Inc.), Investment Agreement (Tib Financial Corp.)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporationtreasury shares. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 3 contracts
Samples: Series a Convertible Preferred Stock Transaction Agreement (Guaranty Bancorp), Transaction Agreement (Guaranty Bancorp), Investment Agreement (Guaranty Bancorp)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Securities Purchase Agreement (Intermountain Community Bancorp)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Class A Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 OS 0 OS 1 Where, OS 0 = the number of shares of Class A Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 OS 1 = the number of shares of Class A Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Class A Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Class A Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = =the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 .
OS 1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Securities Purchase Agreement (Oriental Financial Group Inc)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = =the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date time of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of outstanding shares of Common Stock at the applicable time outstanding shall not include shares acquired or otherwise owned or held by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, then the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, or a regulatory authority determines not to permit such actions, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Securities Purchase Agreement (First Mariner Bancorp)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = =the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Voting and Termination Agreement (Heartland Financial Usa Inc)
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries Company subdivides, splits or combines the shares of Common Stock, then the Conversion Price Ratio in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2b), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the CorporationCompany. If any subdivision, split or combination described in this clause (2b) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price Ratio shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price Ratio that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of this clause (2ii), the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporation. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Subdivisions, Splits and Combination of the Common Stock. If the Corporation or any of its subsidiaries subdivides, splits or combines the shares of Common Stock, then the Conversion Price Rate in effect immediately prior to the effective date of such share subdivision, split or combination will be multiplied by the following fraction: OS0 OS1 Where, OS0 = the number of shares of Common Stock outstanding immediately prior to the effective date of such share subdivision, split or combination. OS1 = the number of shares of Common Stock outstanding immediately after the close opening of business on the effective date of such share subdivision, split or combination. For the purposes of Any adjustment made under this clause (2)ii) shall become effective immediately after the open of business on the effective date for such subdivision, the number of shares of Common Stock at the time outstanding shall not include shares acquired by the Corporationsplit or combination. If any subdivision, split or combination described in this clause (2ii) is announced but the outstanding shares of Common Stock are not subdivided, split or combined, the Conversion Price Rate shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to subdivide, split or combine the outstanding shares of Common Stock, to such Conversion Price Rate that would be in effect if such subdivision, split or combination had not been announced.
Appears in 1 contract
Samples: Subscription Agreement (Oriental Financial Group Inc)