Common use of Upon Combinations or Reverse Splits Clause in Contracts

Upon Combinations or Reverse Splits. If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is decreased by a combination or reverse split of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, other than, in any such case, upon a capital reorganization, reclassification, consolidation or merger to which Section 4.01(c) applies, then the number of shares of Common Stock purchasable on the exercise of each Tranche C Warrant immediately prior to the date of such combination or reverse split shall be decreased in proportion to such decrease in outstanding shares. The adjustment made pursuant to this clause (b) shall be made successively upon any such transaction and shall become effective at the close of business on the day upon which such combination or reverse split becomes effective. For purposes of Sections 4.01(a) and 4.01(b), the number of shares of Common Stock at any time outstanding shall not include any shares of Common Stock then owned or held by or for the account of the Corporation.

Upon Combinations or Reverse Splits. If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is decreased by a combination or reverse split of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, other than, in any such case, upon a capital reorganization, reclassification, consolidation or merger to which Section 4.01(c) applies, then the number of shares of Common Stock purchasable on the exercise of each Tranche C A Warrant immediately prior to the date of such combination or reverse split shall be decreased in proportion to such decrease in outstanding shares. The adjustment made pursuant to this clause (b) shall be made successively upon any such transaction and shall become effective at the close of business on the day upon which such combination or reverse split becomes effective. For purposes of Sections 4.01(a) and 4.01(b), the number of shares of Common Stock at any time outstanding shall not include any shares of Common Stock then owned or held by or for the account of the Corporation.

Upon Combinations or Reverse Splits. If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is decreased by a combination or reverse split of the outstanding shares of Common Stock into a smaller number of shares of Common StockStock , other than, in any such case, upon a capital reorganization, reclassification, consolidation or merger to which Section 4.01(c) applies, then the number of shares of Common Stock purchasable on the exercise of each Tranche C Warrant immediately prior to the date of such combination or reverse split shall be decreased in proportion to such decrease in outstanding shares. The adjustment made pursuant to this clause (b) shall be made successively upon any such transaction and shall become effective at the close of business on the day upon which such combination or reverse split becomes effective. For purposes of Sections 4.01(a) and 4.01(b), the number of shares of Common Stock at any time outstanding shall not include any shares of Common Stock then owned or held by or for the account of the Corporation.

Upon Combinations or Reverse Splits. If, at any time after the Original Issuance Date, the number of shares of Common Stock outstanding is decreased by a combination or reverse split of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, other than, in any such case, upon a capital reorganization, reclassification, consolidation or merger to which Section 4.01(c) applies, then the number of shares of Common Stock purchasable on the exercise of each Tranche C B Warrant immediately prior to the date of such combination or reverse split shall be decreased in proportion to such decrease in outstanding shares. The adjustment made pursuant to this clause (b) shall be made successively upon any such transaction and shall become effective at the close of business on the day upon which such combination or reverse split becomes effective. For purposes of Sections 4.01(a) and 4.01(b), the number of shares of Common Stock at any time outstanding shall not include any shares of Common Stock then owned or held by or for the account of the Corporation.