Share Reorganization. If and whenever the Company shall: (i) subdivide the outstanding shares of Common Stock into a greater number of shares; (ii) consolidate the outstanding shares of Common Stock into a smaller number of shares; (iii) issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or (iv) make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "Share Reorganization," then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which: (i) the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
Appears in 6 contracts
Sources: Securities Purchase Agreement (American International Petroleum Corp /Nv/), Securities Purchase Agreement (Dial Thru International Corp), Securities Purchase Agreement (Directplacement Inc)
Share Reorganization. If and whenever the Company shall:
(i) subdivide the outstanding shares of Common Stock into a greater number of shares;
(ii) consolidate the outstanding shares of Common Stock into a smaller number of shares;
(iii) issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or
(iv) make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "Share Reorganization," then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which:
(i) the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
(ii) the denominator shall be the number of shares of Common Stock outstanding after giving effect to such Share Reorganization, including, in the case of a distribution of securities convertible into or exchangeable for shares of Common Stock, the number of shares of Common Stock that would have been outstanding if such securities had been converted into or exchanged for Common Stock on such record or effective date.
Appears in 6 contracts
Sources: Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (Metropolitan Health Networks Inc)
Share Reorganization. If and whenever the Company shall:
(i) subdivide the outstanding shares of Common Stock into a greater number of shares;
(ii) consolidate the outstanding shares of Common Stock into a smaller number of shares;
(iii) issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or
(iv) make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "“Share Reorganization," ” then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which:
(i) the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
Appears in 2 contracts
Sources: Securities Purchase Agreement (3dicon Corp), Securities Purchase Agreement (3dicon Corp)
Share Reorganization. If and whenever the Company shall:
(i) 11.2.0.1. subdivide the outstanding shares of Common Stock into a greater number of shares;
(ii) 11.2.0.2. consolidate the outstanding shares of Common Stock into a smaller number of shares;
(iii) 11.2.0.3. issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or
(iv) 11.2.0.4. make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "Share Reorganization," then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which:
(i) the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
Appears in 1 contract
Sources: Securities Purchase Agreement (Creative Host Services Inc)
Share Reorganization. If and whenever the Company shall:
(i) subdivide the outstanding shares of Common Stock into a greater number of shares;
(ii) consolidate the outstanding shares of Common Stock into a smaller number of shares;
(iii) issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or
(iv) make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "Share Reorganization," then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which:
(i) the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
Appears in 1 contract
Sources: Exchange Agreement (American International Petroleum Corp /Nv/)
Share Reorganization. If and whenever the Company shall:
(ia) subdivide the outstanding shares of Common Stock into a greater number of shares;
(iib) consolidate the outstanding shares of Common Stock into a smaller number of shares;
(iiic) issue Common Stock or securities convertible into or exchangeable for shares of Common Stock as a stock dividend to all or substantially all the holders of Common Stock; or
(ivd) make a distribution on the outstanding Common Stock to all or substantially all the holders of Common Stock payable in Common Stock or securities convertible into or exchangeable for Common Stock; any of such events being herein called a "“Share Reorganization," ”, then in each such case the applicable Fixed Price shall be adjusted, effective immediately after the record date at which the holders of Common Stock are determined for the purposes of the Share Reorganization or, if no record date is fixed, the effective date of the Share Reorganization, by multiplying the applicable Fixed Price in effect on such record or effective date, as the case may be, by a fraction of which:
(i) i. the numerator shall be the number of shares of Common Stock outstanding on such record or effective date (without giving effect to the transaction); and
Appears in 1 contract
Sources: Securities Purchase Agreement (Liberty Star Uranium & Metals Corp.)