Common use of Upon Stock Dividends, Subdivisions or Splits Clause in Contracts

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-up, the number of shares issuable upon exercise of the Warrant shall be proportionately increased by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to such increase.

Appears in 10 contracts

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

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Upon Stock Dividends, Subdivisions or Splits. If, at any time or from time to time after the Original Issue Date, the number of shares of Common Stock outstanding Outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-up, the number of shares issuable upon exercise of the Warrant Exercise Price shall be proportionately increased appropriately decreased by multiplying such number the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after such increase in Outstanding shares prior to, and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to after, such increaseincrease in Outstanding shares.

Appears in 2 contracts

Samples: Siga Technologies Inc, Siga Technologies Inc

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock outstanding Outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-up, the number of shares issuable upon exercise of Exercise Price and the Warrant Dilution Price shall each be proportionately increased appropriately decreased by multiplying such number each price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to after such increaseincrease in Outstanding shares.

Appears in 1 contract

Samples: Credit Agreement (Cadiz Inc)

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Issuance Date, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-up, the number of shares issuable upon exercise of the Warrant Exercise Price shall be proportionately increased decreased by multiplying such number the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to after such increaseincrease in Outstanding shares.

Appears in 1 contract

Samples: Skyterra Communications Inc

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock outstanding Outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-up, the number of shares issuable upon exercise of the Warrant Exercise Price shall be proportionately increased appropriately decreased by multiplying such number each price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to after such increaseincrease in Outstanding shares.

Appears in 1 contract

Samples: Credit Agreement (Cadiz Inc)

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Upon Stock Dividends, Subdivisions or Splits. (a) If, at any time after the Original Issue Date and on or before the Expiration Date, the number of shares of Common Stock outstanding Outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-split up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-split up, the number of shares issuable upon exercise of the Warrant Exercise Price shall be proportionately increased appropriately decreased by multiplying such number the Exercise Price by a fraction, the numerator of which is the number of shares of Common Stock Outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding immediately prior to after such increaseincrease in Outstanding shares.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Optionable Inc)

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Date, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-split up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-split up, the number of shares issuable upon exercise each of the Warrant Exchange Price and the Conversion Amount shall be proportionately increased by multiplying such number appropriately decreased to equal the product of the Exchange Price or the Conversion Amount, as applicable, multiplied by a fraction, the numerator of which is the number of shares of Common Stock Outstanding outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding outstanding immediately prior to after such increase.

Appears in 1 contract

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

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issue Date and on or before the Expiration Date, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of Common Stock or by a subdivision or split-split up of shares of Common Stock, then, following the record date for the determination of holders of Common Stock entitled to receive such stock dividend, or to be affected by such subdivision or split-split up, the number of shares issuable upon exercise Exercise Price shall be appropriately decreased to equal the product of the Warrant shall be proportionately increased by multiplying such number Exercise Price multiplied by a fraction, the numerator of which is the number of shares of Common Stock Outstanding outstanding immediately after prior to such increase in Outstanding shares and the denominator of which is the number of shares of Common Stock Outstanding outstanding immediately prior to after such increase.

Appears in 1 contract

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

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