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 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 Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of Series B Preferred Stock shall be increased in proportion to such increase in outstanding shares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Euniverse Inc)

AutoNDA by SimpleDocs

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issuance Datedate hereof, 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 Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of Series B C Preferred Stock shall be increased in proportion to such increase in outstanding shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Biolase, Inc)

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issuance Datedate hereof, 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 Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of Series B B1/B2/B3/B4 Preferred Stock shall be increased in proportion to such increase in outstanding shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Idera Pharmaceuticals, Inc.)

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issuance Datedate hereof, 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 Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of Series B 1/2/3 Preferred Stock shall be increased in proportion to such increase in outstanding shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bellicum Pharmaceuticals, Inc)

AutoNDA by SimpleDocs

Upon Stock Dividends, Subdivisions or Splits. If, at any time after the Original Issuance Datedate hereof, 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 Conversion Price shall be appropriately decreased so that the number of shares of Common Stock issuable on conversion of Series B Preferred Stock shall be increased in proportion to such increase in outstanding shares.

Appears in 1 contract

Samples: Series B Convertible Preferred Stock Purchase Agreement (Amalgamated Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!