Common use of Upon Combinations or Reverse Stock Splits Clause in Contracts

Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be increased by multiplying the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding immediately after such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 11 contracts

Samples: Skyterra Communications Inc, Skyterra Communications Inc, Skyterra Communications Inc

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Upon Combinations or Reverse Stock Splits. If, at any time or from time to time after the Original Issue Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be appropriately increased by multiplying the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease to, and the denominator of which is the number of shares of Common Stock Outstanding immediately after after, such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 2 contracts

Samples: Siga Technologies Inc, Siga Technologies Inc

Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be appropriately increased by multiplying the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding immediately after such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Optionable Inc)

Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price and the Dilution Price shall each be appropriately increased by multiplying the Exercise Price each price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding immediately after such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 1 contract

Samples: Credit Agreement (Cadiz Inc)

Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be appropriately increased by multiplying the Exercise Price each price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding immediately after such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 1 contract

Samples: Credit Agreement (Cadiz Inc)

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Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Issuance Date, the number of shares of Common Stock Outstanding is decreased by a combination or reverse stock split of the Outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be increased by multiplying the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding immediately after such decrease in Outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 1 contract

Samples: Skyterra Communications Inc

Upon Combinations or Reverse Stock Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock Outstanding outstanding is decreased by a combination or reverse stock split of the Outstanding outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, upon following the record date to determine shares affected by such combination or reverse stock split, (a) the Exercise Price shall be appropriately increased by multiplying to equal the product of the Exercise Price multiplied by a fraction, the numerator of which is the number of shares of Common Stock Outstanding outstanding immediately prior to such decrease and the denominator of which is the number of shares of Common Stock Outstanding outstanding immediately after such decrease in Outstanding outstanding shares, and (b) the number of shares issuable upon exercise of the Warrant shall be proportionately decreased by multiplying the same by the inverse of such fraction.

Appears in 1 contract

Samples: Exchange and Shareholder Rights Agreement (Fremont General Corp)

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