Examples of Stock Subdivision in a sentence
Upon any Stock Subdivision or Combination, the number of Partnership CVRs held by each Holder shall automatically be adjusted such that the Holder’s Number of CVRs shall increase or decrease in proportion to the increase or decrease in the number of outstanding shares of Class A Common Stock as a result of such Stock Subdivision or Combination.
Upon any Stock Subdivision or Combination, the number of Public Company CVRs held by each Holder shall automatically be adjusted such that the Holder’s number of CVRs shall increase or decrease in proportion to the increase or decrease in the number of outstanding shares of Class A Common Stock as a result of such Stock Subdivision of Combination.
The Aggregate Number and Exercise Price set forth above shall also be adjusted under certain conditions specified in Section 5 of this Warrant, including, but not limited to, a Stock Dividend, Stock Subdivision or Stock Combination.
For the avoidance of doubt, the Aggregate Number and the Exercise Price shall be subject to adjustment under this Section 6 for any Stock Dividend, Stock Subdivision, Stock Reclassification, or Stock Combination other than the December 2012 Reverse Stock Split.
The record date for the determination of the holders of Exchangeable Shares entitled to receive Exchangeable Shares in connection with any Equivalent Stock Subdivision under Subsection 3.1(b) hereof and the effective date of such Equivalent Stock Subdivision shall be the same dates as the record and payment date, respectively, for the corresponding stock dividend declared on the TSA Class A Common Shares.
The Aggregate Number and Exercise Price set forth above shall also be adjusted under certain conditions specified in Section 5of this Warrant, including, but not limited to, a Stock Dividend, Stock Subdivision or Stock Combination.
An adjustment made pursuant to this Section 6 shall become effective retroactively (x) in the case of any Stock Dividend to a date immediately following the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such Stock Dividend, or (y) in the case of any such Stock Subdivision to the close of business on the date upon which such corporate action becomes effective.