Changes in Common Stock. In the event that at any time and from time to time the Company shall (a) pay a dividend or make a distribution on the Common Stock with shares of Common Stock or other shares of Capital Stock, (b) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (c) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (d) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the Common Stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 4.03 shall become effective immediately after the distribution date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 2 contracts
Sources: Warrant Agreement (Nuverra Environmental Solutions, Inc.), Warrant Agreement (Nuverra Environmental Solutions, Inc.)
Changes in Common Stock. In the event that at any time and or from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with payable in shares of its Common Stock or other shares equity interests of Capital Stockthe Company, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.8, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by the aforementioned fraction. An adjustment made pursuant to this Section 4.03 4.1 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCompany's capital stock.
Appears in 2 contracts
Sources: Warrant Agreement (Metricom Inc / De), Warrant Agreement (Startec Global Communications Corp)
Changes in Common Stock. In the event that at any time and or from time to time the Company CyberShop shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockits capital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.08, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by such fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCyberShop's capital stock.
Appears in 1 contract
Changes in Common Stock. In the event that at any time and ----------------------- or from time to time the Company shall (ai) pay a dividend or make a distribution on the to all holders of its Common Stock with in shares of its Common Stock or other shares of Capital Stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 4.03 ) by a fraction, the numerator of which shall become effective immediately after be the distribution date, retroactive to the record date therefor in the case total number of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective outstanding immediately after the effective date in happening of the case events described above and the denominator of a subdivision, combination or reclassification.which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section
Appears in 1 contract
Changes in Common Stock. In the event that at any time and or from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with payable in shares of its Common Stock or other shares equity interests of Capital Stockthe Company, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.08, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by the aforementioned fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCompany's capital stock.
Appears in 1 contract
Sources: Warrant Agreement (Primus Telecommunications Group Inc)
Changes in Common Stock. In the event that at any time and or from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockits capital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant the Warrants immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder the Holders would have owned or would have been entitled to receive upon exercise had such the Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.08, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by such fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCompany's capital stock.
Appears in 1 contract
Sources: Warrant Agreement (Truetime Inc)
Changes in Common Stock. In the event that If at any time and from time to time the Company shall (a) pay a dividend or make a distribution on the Common Stock with shares of Common Stock or other shares of Capital Stock, (b) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (c) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, or (d) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the Common Stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 4.03 4.02 shall become effective immediately after the distribution date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Sources: Warrant Agreement (Nuverra Environmental Solutions, Inc.)
Changes in Common Stock. In the event that at any time and or ----------------------- from time to time the Company Careside shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockits capital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such a Holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.08, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by such fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCareside's capital stock.
Appears in 1 contract
Sources: Warrant Agreement (Careside Inc)
Changes in Common Stock. In the event that at any time and or ----------------------- from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockcapital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares issuable shares of Common Stock purchasable upon exercise of each Warrant immediately after the happening occurrence of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares shares of Common Stock upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive immediately following such event had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening occurrence of the events described above (or, in the case of a dividend or distribution on the of Common Stock, immediately prior to the record date therefor), and the Exercise Price for each Warrant shall be adjusted in inverse proportion. An adjustment made pursuant to this Section 4.03 5.01 shall become ------------ effective immediately after the distribution effective date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Sources: Warrant Agreement (Ameriking Inc)
Changes in Common Stock. In the event that at any time and from time to time the Company shall (ai) pay a dividend or make a distribution on the Common Stock with in shares of Common Stock or other shares of Capital Stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Class A Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Class A Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares shares of Class A Common Stock upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common Stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Sources: Warrant Agreement (Intersil Corp)
Changes in Common Stock. In the event that at any time and or from time to time after the date of execution of the Indemnification and Warrant Purchase Agreement, the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with payable in shares of its Common Stock or other shares equity interests of Capital Stockthe Company, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.5, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by the aforementioned fraction. An adjustment made pursuant to this Section 4.03 4.1 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCompany's capital stock.
Appears in 1 contract
Changes in Common Stock. In the event that at any time and or from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares issuable shares of Common Stock purchasable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares shares of Common Stock upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common Stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Changes in Common Stock. In the event that at any time and or from time to time the Company shall (ai) pay a dividend or make a distribution on the its Common Stock with payable in shares of its Common Stock or other shares equity interests of Capital Stockthe Company, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.8, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by the aforementioned fraction. An adjustment made pursuant to this Section 4.03 4.1 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of the Company's Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Changes in Common Stock. In the event that at any time and from time to time the Company shall (ai) pay a dividend or make a distribution on the Common Stock with in shares of Common Stock or other shares of Capital Stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive the number of Warrant Shares shares of Common Stock upon exercise of such Warrant that such Holder would have owned or would have been entitled to receive had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common Stock, immediately prior to the record date therefor), and the Exercise Price shall be adjusted to the price (calculated to the nearest 100th of one cent) determined by multiplying the Exercise Price immediately prior to such event by a fraction, the numerator of which shall be the number of Warrant Shares purchasable with one Warrant immediately prior to such event and the denominator of which shall be the number of Warrant Shares purchasable with one Warrant after the adjustment referred to above. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.
Appears in 1 contract
Changes in Common Stock. In the event that at any time and or ----------------------- from time to time the Company Careside shall (ai) pay a stock dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockits capital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such a Holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.07, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by such fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationCareside's capital stock.
Appears in 1 contract
Sources: Warrant Agreement (Careside Inc)
Changes in Common Stock. In the event that at any time and or from time to time the Company GTL shall (ai) pay a dividend or make a distribution on the its Common Stock with in shares of its Common Stock or other shares of Capital Stockits capital stock, (bii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (ciii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, Stock or (div) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of Warrant Shares shares of Common Stock issuable upon exercise of each Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of each Warrant shall be entitled to receive a number determined by multiplying the number of Warrant Shares upon exercise shares of such Warrant Common Stock that such Holder holder would have owned or would have been entitled to receive upon exercise had such Warrants been exercised (whether or not currently exercisable) immediately prior to the happening of the events described above (or, in the case of a dividend or distribution on the of Common StockStock or other shares of capital stock, immediately prior to the record date therefor)) by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately after the happening of the events described above and the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the happening of the events described above; and subject to Section 4.08, the Exercise Price for each Warrant shall be adjusted to a number determined by dividing the Exercise Price immediately prior to such event by such fraction. An adjustment made pursuant to this Section 4.03 4.01 shall become effective immediately after the distribution dateeffective date of such event, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock or other shares of Capital Stock, and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassificationGTL's capital stock.
Appears in 1 contract
Sources: Warrant Agreement (Globalstar Telecommunications LTD)