Common use of Extraordinary Events Regarding Common Stock Clause in Contracts

Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock or any preferred stock issued by the Company, (b) subdivide its outstanding shares of Common Stock, (c) combine its outstanding shares of the Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the number of shares of Common Stock that the Holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this Section 4) be issuable on such exercise by a fraction of which (a) the numerator is the number of issued and outstanding shares of Common Stock immediately after such Event, and (b) the denominator is the number of issued and outstanding shares of Common Stock immediately prior to such Event.

Appears in 8 contracts

Sources: Common Stock Purchase Warrant (Silicon Mountain Holdings, Inc.), Warrant Agreement (Micro Component Technology Inc), Common Stock Purchase Warrant (Silicon Mountain Holdings, Inc.)

Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock or any preferred stock issued by the Company, (b) subdivide its outstanding shares of Common Stock, (c) combine its outstanding shares of the Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the number of shares of Common Stock that the Holder holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this Section 4) be issuable on such exercise by a fraction of which (a) the numerator is the number of issued and outstanding shares of Common Stock immediately after such Event, and (b) the denominator is the number of issued and outstanding shares of Common Stock immediately prior to such Event.

Appears in 2 contracts

Sources: Warrant Agreement (Micro Component Technology Inc), Common Stock Purchase Warrant (Micro Component Technology Inc)

Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock or any preferred stock issued by the Company, (b) subdivide its outstanding shares of Common Stock, Stock or (c) combine its outstanding shares of the Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the number of shares of Common Stock that the Holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this Section 4) be issuable on such exercise by a fraction of which (a) the numerator is the number of issued and outstanding shares of Common Stock immediately after such Event, and (b) the denominator is the number of issued and outstanding shares of Common Stock immediately prior to such Event.

Appears in 2 contracts

Sources: Note Agreement (Micro Component Technology Inc), Note Agreement (Micro Component Technology Inc)

Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock (or Common Stock Equivalents) as a dividend or other distribution on outstanding Common Stock or any preferred stock issued by the Company, Company (b) subdivide its outstanding shares of Common Stock, or (c) combine its outstanding shares of the Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the number Exercise Price shall, simultaneously with the happening of shares of Common Stock that the Holder shall thereafter, on the exercise hereof as provided in Section 1such event, be entitled to receive adjusted by multiplying the then Exercise Price by a fraction, the numerator of which shall be adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for outstanding immediately prior to such event and the provisions of this Section 4) be issuable on such exercise by a fraction denominator of which (a) the numerator is shall be the number of issued and outstanding shares of Common Stock outstanding immediately after such Eventevent, and (b) the denominator is product so obtained shall thereafter be the number Exercise Price then in effect. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of issued and outstanding shares of Common Stock immediately prior to such Eventany successive event or events described herein in this Section 4.2.

Appears in 1 contract

Sources: Warrant Agreement (Corsair Components, Inc.)

Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock or any preferred stock issued by the Company, (b) subdivide its outstanding shares of Common Stock, or (c) combine its outstanding shares of the Common Stock into a smaller number of shares of the Common StockStock (each, an “Event”), then, in each such eventEvent, the number of shares of Common Stock that the Holder shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this Section 4Event) be issuable on such exercise by a fraction of which (a) the numerator is the number of issued and outstanding shares of Common Stock immediately after such Event, and (b) the denominator is the number of issued and outstanding shares of Common Stock immediately prior to such Event.

Appears in 1 contract

Sources: Standard Industrial/Commercial Single Tenant Lease Net (Reed's, Inc.)