Common use of Stock Dividends, Subdivisions and Combinations Clause in Contracts

Stock Dividends, Subdivisions and Combinations. If at any time the Issuer shall: (i) make or issue, or set a record date for the holders of the Common Stock for the purpose of entitling them to receive, a dividend payable in, or other distribution of, shares of Common Stock, (ii) subdivide or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (iii) combine or reclassify its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then (1) the number of shares of Common Stock for which this Warrant is exercisable immediately after the occurrence of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock for which this Warrant is exercisable immediately prior to such record date or effective date would own or be entitled to receive after such date, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price in effect immediately prior to such record date or effective date multiplied by the number of shares of Common Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the new number of shares of Common Stock for which this Warrant is exercisable immediately after such adjustment as determined in accordance with this Section 4(b).

Appears in 6 contracts

Sources: Warrant Agreement (American Apparel, Inc), Warrant Agreement (American Apparel, Inc), Investment Agreement (American Apparel, Inc)

Stock Dividends, Subdivisions and Combinations. If at any time the Issuer Company shall: (i) make or issue, or set take a record date for of the holders of the its Common Stock for the purpose of entitling them to receive, receive a dividend payable in, or other distribution of, shares of Common Stock, (ii) subdivide or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock, or (iii) combine or reclassify its outstanding shares of Common Stock into a smaller number of shares of Common StockStock or otherwise effect a reverse stock split, then then: (1A) the number of shares of Common Stock for which this Warrant is exercisable immediately after the occurrence of the record date for any such dividend or distribution or the effective date of such subdivision, combination or reclassification event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock for which this Warrant is exercisable immediately prior to the occurrence of such event, or the record date or effective date therefor, whichever is earlier, would own or be entitled to receive after the happening of such dateevent, and (2B) the Warrant Exercise Price then in effect shall be adjusted to equal equal: (Ax) the Warrant Exercise Price in effect immediately prior to such record date or effective date event multiplied by the number of shares of Common Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (By) the new number of shares of Common Stock for which this Warrant is exercisable immediately after such adjustment as determined in accordance with this Section 4(b)adjustment.

Appears in 5 contracts

Sources: Common Stock Purchase Warrant (Power Efficiency Corp), Common Stock Purchase Warrant (Power Efficiency Corp), Warrant Agreement (Sagemark Companies LTD)

Stock Dividends, Subdivisions and Combinations. (a) If at any time during the Issuer period from the Closing Date to the Expiration Date the Company shall: (i) make or issue, or set i. take a record date for of the holders of the its Common Stock Shares for the purpose of entitling them to receive, receive a dividend payable in, or other distribution of, shares of additional Common StockShares, (ii) . subdivide or reclassify split its outstanding shares of Common Stock Shares into a larger number of shares of Common StockShares, or (iii) . combine or reclassify consolidate its outstanding shares of Common Stock Shares into a smaller number of shares of Common StockShares, then then: (1) the number of shares Common Shares acquirable upon exercise of Common Stock for which this Warrant is exercisable immediately after the occurrence of the record date for any such dividend or distribution or the effective date of such subdivision, combination or reclassification event shall be adjusted to equal the number of shares of Common Stock Shares which a record holder of the same number of shares of Common Stock for which Shares that would have been acquirable under this Warrant is exercisable immediately prior to the occurrence of such record date or effective date event would own or be entitled to receive after the happening of such dateevent, and and (2) the Current Warrant Price then in effect shall be adjusted to equal equal: (A) the Current Warrant Price in effect immediately prior to the occurrence of such record date or effective date event multiplied by the number of shares of Common Stock for Shares into which this Warrant is exercisable immediately prior to the adjustment adjustment, divided by by (B) the new number of shares of Common Stock for Shares into which this Warrant is exercisable immediately after such adjustment. (b) Any adjustment as determined in accordance with this made pursuant to Section 4(b)4.1(a)(i) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and any adjustment pursuant to Sections 4.1(a)(ii) or (iii) shall become effective immediately after the effective date of such subdivision or combination.

Appears in 2 contracts

Sources: Warrant Agreement (Ym Biosciences Inc), Warrant Agreement (Ym Biosciences Inc)

Stock Dividends, Subdivisions and Combinations. If at any time while this Warrant is outstanding the Issuer Company shall: (i) declare a dividend or make or issue, or set a record date for the holders distribution on its outstanding shares of the Common Stock for the purpose of entitling them to receive, a dividend payable in, or other distribution of, in shares of Common Stock,; (ii) subdivide or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock, ; or (iii) combine or reclassify its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then then: (1) the number of shares of Common Stock for which acquirable upon exercise of this Warrant is exercisable immediately after the occurrence of the record date for any such dividend or distribution or the effective date of such subdivision, combination or reclassification event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock for which that would have been acquirable under this Warrant is exercisable immediately prior to such the record date for such dividend or distribution or the effective date of such subdivision or combination would own or be entitled to receive after such daterecord date or the effective date of such subdivision or combination, and as applicable, and (2) the Current Warrant Price then in effect shall be adjusted to equal equal: (A) the Current Warrant Price in effect immediately prior to such at the time of the record date or effective date multiplied by for such (B) the number of shares of Common Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the new number of shares of Common Stock for into which this Warrant is exercisable immediately after such adjustment as determined in accordance with this Section 4(b)adjustment.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Quantum Fuel Systems Technologies Worldwide Inc), Common Stock Purchase Warrant (Quantum Fuel Systems Technologies Worldwide Inc)

Stock Dividends, Subdivisions and Combinations. If at any time Except as otherwise provided in Section 6.01(b), if the Issuer shall: Company (i) make pays a dividend or issue, or set makes a record date for the holders of the distribution on its Common Stock for the purpose of entitling them to receive, a dividend payable in, or other distribution of, in shares of its Common Stock, , (ii) subdivide or reclassify subdivides its outstanding shares of Common Stock into a larger greater number of shares of Common Stockshares, or or (iii) combine or reclassify combines its outstanding shares of Common Stock into a smaller number of shares of Common Stockshares, then (1A) the number of shares of Common Stock for which this a Warrant is exercisable immediately after the occurrence of the record date for any such dividend or distribution or the effective date of such subdivision, combination or reclassification event shall be adjusted to equal the number of shares of Common Stock which that a record holder of the same number of shares of Common Stock for which this a Warrant is exercisable immediately prior to the occurrence of such record date or effective date event would own or be entitled to receive after the happening of such date, event and (2B) the Warrant Exercise Price then in effect shall be adjusted to equal (AI) the Warrant Exercise Price in effect immediately prior to such record date or effective date adjustment multiplied by the number of shares of Common Stock for which this a Warrant is exercisable immediately prior to the adjustment adjustment, divided by (BII) the new number of shares of Common Stock for which this a Warrant is exercisable immediately after such adjustment. The adjustment as determined in accordance with under this Section 4(b)6.01(a) shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision or combination.

Appears in 1 contract

Sources: Warrant Agreement (WHX Corp)

Stock Dividends, Subdivisions and Combinations. If the Company, at any time the Issuer shall: while this Warrant is outstanding, (i) make or issue, or set pays a record date for the holders of the stock dividend on its Common Stock for the purpose or otherwise makes a distribution on any class of entitling them to receive, a dividend capital stock that is payable in, or other distribution of, in shares of Common Stock, , (ii) subdivide or reclassify its subdivides outstanding shares of Common Stock into a larger number of shares of Common Stockshares, or or (iii) combine or reclassify its combines outstanding shares of Common Stock into a smaller number of shares of Common Stockshares, then (1) in each such case, the Exercise Price shall be adjusted to equal the product of the Exercise Price in effect immediately prior to such event multiplied by a fraction, the numerator of which is equal to the number of shares of Common Stock for outstanding immediately prior to the event and the denominator of which this Warrant is exercisable immediately after the occurrence of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted equal to equal the number of shares of Common Stock which a record holder of outstanding immediately after such event. Such adjustment shall be made successively whenever any event listed above shall occur. In addition, the same number of shares of Common Stock for which this Warrant is exercisable shall be adjusted so that the Holder of this Warrant thereafter may exercise this Warrant for the same aggregate number and kind of shares of capital stock of the Company that such Holder would have owned immediately following such event if such Holder had exercised this Warrant immediately prior to such event. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date would own of a subdivision, combination or be entitled to receive after such date, and (2) the Warrant Price then in effect shall be adjusted to equal (A) the Warrant Price in effect immediately prior to such record date or effective date multiplied by the number of shares of Common Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the new number of shares of Common Stock for which this Warrant is exercisable immediately after such adjustment as determined in accordance with this Section 4(b)reclassification.

Appears in 1 contract

Sources: Securities Agreement (Aemetis, Inc)