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 number of shares of the common stock receivable upon the exercise of this Warrant 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 the common stock into a smaller number of shares, the number of shares of the common stock receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 2(b) 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 (Ominto, Inc.)

Stock Split and Reverse Stock Split. If the Company at any time or from time to time after the date hereof effects a stock split or subdivision of the outstanding common stockCommon Stock, the number of shares of the common stock Shares theretofore receivable upon the exercise of this Warrant shall be proportionately increased. If the Company at any time or from time to time after the date hereof effects a reverse stock split or combines the outstanding shares of the common stock Common Stock into a smaller number of shares, the number of shares of the common stock Shares theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 2(b) 4.2 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 (Regen Biologics Inc)

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 stockCommon Stock, the number of shares of the common stock Common Stock theretofore receivable upon the exercise of this Warrant 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 the common stock Common Stock into a smaller number of shares, the number of shares of the common stock Common Stock theretofore receivable upon the exercise of this Warrant shall be proportionately decreased. Each adjustment under this Section 2(b) 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 Purchase Agreement (Value America Inc /Va)