Common use of Stock Split and Reverse Stock Split Clause in Contracts

Stock Split and Reverse Stock Split. If the Company at any time or from time to time effects a stock split or subdivision of the outstanding Common Stock, the Aggregate Number then in effect immediately before that stock split or subdivision shall be proportionately increased. If the Company at any time or from time to time effects a reverse stock split or combines the outstanding shares of Common Stock into a smaller number of shares, the Aggregate Number then in effect immediately before that reverse stock split or combination shall be proportionately decreased. Each adjustment under this Section 4.D shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Sources: Warrant Agreement (Intraware Inc)

Stock Split and Reverse Stock Split. If the Company at any time time, or from time to time time, effects a stock split or subdivision of the outstanding Common Stock, the Aggregate Number Exercise Price then in effect immediately before that stock split or subdivision shall be proportionately increasedreduced. If the Company at any time time, or from time to time time, effects a reverse stock split or combines the outstanding shares of Common Stock into a smaller number of shares, the Aggregate Number Exercise Price then in effect immediately before that reverse stock split or combination shall be proportionately decreasedincreased. Each adjustment under this Section 4.D 7(d) shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Sources: Warrant Agreement (True Drinks Holdings, Inc.)

Stock Split and Reverse Stock Split. If the Company at any time time, or from time to time time, effects a stock split or subdivision of the outstanding Common Stock, the Aggregate Number Conversion Price then in effect immediately before that stock split or subdivision shall be proportionately increasedreduced. If the Company at any time time, or from time to time time, effects a reverse stock split or combines the outstanding shares of Common Stock into a smaller number of shares, the Aggregate Number Conversion Price then in effect immediately before that reverse stock split or combination shall be proportionately decreasedincreased. Each adjustment under this Section 4.D 5.4 shall become effective at the close of business on the date the stock split, subdivision, reverse stock split or combination becomes effective.

Appears in 1 contract

Sources: Convertible Promissory Note (Viscount Systems Inc)