Common use of Upon Combinations Clause in Contracts

Upon Combinations. If, at any time after the date the first share of Series H Preferred Stock was issued, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, following the record date to determine shares affected by such combination, the Conversion Price in effect immediately before such combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of Series H Preferred Stock shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (KALA BIO, Inc.)

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Upon Combinations. If, at any time after the date the first share of Series H G Preferred Stock was issued, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, following the record date to determine shares affected by such combination, the Conversion Price in effect immediately before such combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of Series H G Preferred Stock shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (KALA BIO, Inc.)

Upon Combinations. If, at any time after the date the first share of Series H E Preferred Stock was issued, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, following the record date to determine shares affected by such combination, the Conversion Price in effect immediately before such combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of Series H E Preferred Stock shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

Appears in 1 contract

Samples: Registration Rights Agreement (Kala Pharmaceuticals, Inc.)

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Upon Combinations. If, at any time after the date the first share of Series H F Preferred Stock was issued, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, following the record date to determine shares affected by such combination, the Conversion Price in effect immediately before such combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of Series H F Preferred Stock shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (KALA BIO, Inc.)

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