Common use of Stock Splits, Subdivisions, Reclassifications or Combinations Clause in Contracts

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on its Company Common Stock in shares of Company Common Stock, (ii) subdivide or reclassify the outstanding shares of Company Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Company Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder after such date shall be entitled to purchase the number of shares of Non-Voting Common Stock which such holder would have owned or been entitled to receive had this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by (y) the new number of Shares issuable upon exercise of this Warrant determined pursuant to the immediately preceding sentence. The Company shall not take any action relating to any such dividend, distribution, subdivision, combination or reclassification with respect to any one class of Company Common Stock without taking equivalent action with respect to each other class of Company Common Stock then issued and outstanding.

Appears in 1 contract

Sources: Securities Purchase Agreement (Intermountain Community Bancorp)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare and pay a dividend or otherwise make a distribution on its Company Common Stock Stock, in any such case, payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company Common Stockupon exercise of this Warrant), (ii) subdivide (by any stock split, recapitalization or reclassify otherwise) the outstanding shares of Company Common Stock into a greater number of shares, or (iii) combine (including by way of reverse stock split) or reclassify the outstanding Company shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder after such date shall be entitled to purchase the number of shares of Non-Voting Common Stock which such holder would have owned or been entitled to receive in respect of the shares of Common Stock subject to this Warrant after such date had this Warrant been exercised immediately prior to such date. In such event, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant before such adjustment and (2) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by (y) the new number of Shares issuable upon exercise of this the Warrant determined pursuant to the immediately preceding sentence. The Company shall not take any action relating Any adjustment made pursuant to any this Section 15(A) shall, in the case of such dividend, a dividend or distribution, become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution, and, in the case of a subdivision, combination or reclassification with respect re-classification, become effective immediately after the effective date of such subdivision, combination or re-classification. In the event that any such dividend or distribution is not so made, the Exercise Price and the number of Shares issuable upon exercise of this Warrant then in effect shall be readjusted, effective as of the date when the Board of Directors determines not to any one class make such dividend or distribution, to the Exercise Price that would then be in effect and the number of Company Common Stock without taking equivalent action with respect to each other class Shares that would then be issuable upon exercise of Company Common Stock then issued and outstandingthis Warrant if such record date had not been fixed.

Appears in 1 contract

Sources: Warrant Agreement (Granite Point Mortgage Trust Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company Purchaser shall at any time or from time to time (i) declare declare, order, pay or make a dividend or make a distribution on its Company Purchaser Common Stock in shares of Company Purchaser Common Stock, (ii) split, subdivide or reclassify the outstanding shares of Company Purchaser Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Company shares of Purchaser Common Stock into a smaller number of shares, the number of Warrant Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder Holder immediately after such record date or effective date, as the case may be, shall be entitled to purchase the number of shares of Non-Voting Purchaser Common Stock which such holder would have owned or been entitled to receive in respect of the shares of Purchaser Common Stock subject to this Warrant after such date had this Warrant been exercised in full immediately prior to such record date or effective date, as the case may be (disregarding whether or not this Warrant had been exercisable by its terms at such time), subject to the provisions of Section 5(e). In the event of such eventadjustment, the Exercise Warrant Price in effect at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be immediately adjusted to the number obtained by dividing (x) the product of (1) the number of Warrant Shares issuable upon the exercise of this Warrant in full before the adjustment determined pursuant to the immediately preceding sentence (disregarding whether or not this Warrant was exercisable by its terms at such adjustment time) and (2) the Exercise Warrant Price in effect immediately prior to the record or effective date, as the case may be, for such the dividend, distribution, split, subdivision, combination or reclassification giving rise to this such adjustment by (y) the new number of Warrant Shares issuable upon exercise of this the Warrant in full determined pursuant to the immediately preceding sentence. The Company shall sentence (disregarding whether or not take any action relating to any this Warrant is exercisable by its terms at such dividend, distribution, subdivision, combination or reclassification with respect to any one class of Company Common Stock without taking equivalent action with respect to each other class of Company Common Stock then issued and outstandingtime).

Appears in 1 contract

Sources: Warrant Agreement (B. Riley Financial, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall at any time or from time to time (i) declare declare, order, pay or make a dividend or make a distribution on its Company Common Stock in shares of Company the Common Stock, (ii) split, subdivide or reclassify the outstanding shares of Company the Common Stock into a greater number of shares, shares or (iii) combine or reclassify the outstanding Company shares of the Common Stock into a smaller number of shares, the number of Warrant Shares that would be issuable upon the issuance and exercise of this Warrant any Subsequent Warrant, at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification reclassification, shall be proportionately adjusted so that Amazon, or any of its permitted assigns under the Warrantholder Warrant (the “Warrantholder”), immediately after such record date shall or effective date, as the case may be, would be entitled to purchase the number of shares of Non-Voting the Common Stock which such holder would have owned or been entitled to receive in respect of the shares of the Common Stock subject to such Subsequent Warrant after such date had this such Subsequent Warrant been issued and exercised in full immediately prior to such record date or effective date, as the case may be (disregarding whether or not such Subsequent Warrant had been issued or become exercisable by its terms at such time). In the event of such eventadjustment, solely with respect to any such Subsequent Warrant issued on or prior to March 31, 2019, the Exercise Price in effect that would be payable at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be immediately adjusted to the number obtained by dividing (x) the product of (1A) the number of Warrant Shares issuable upon the issuance and exercise of this such Subsequent Warrant in full before the adjustment determined pursuant to the immediately preceding sentence (disregarding whether or not such adjustment Subsequent Warrant had been issued or become exercisable by its terms at such time) and (2B) the Exercise Price in effect immediately prior to the record or effective date, as the case may be, for such the dividend, distribution, split, subdivision, combination or reclassification giving rise to this such adjustment by (y) the new number of Warrant Shares issuable upon issuance and exercise of this such Subsequent Warrant in full determined pursuant to the immediately preceding sentence. The Company shall sentence (disregarding whether or not take any action relating to any such dividend, distribution, subdivision, combination Subsequent Warrant had been issued or reclassification with respect to any one class of Company Common Stock without taking equivalent action with respect to each other class of Company Common Stock then issued and outstandingbecome exercisable by its terms at such time).

Appears in 1 contract

Sources: Investment Agreement (Air Transport Services Group, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (iA) declare declare, order, and pay or make a dividend or make a distribution on its Company Common Stock in shares of Company Common Stock, (iiB) split, subdivide or reclassify the outstanding shares of Company Common Stock into a greater number of shares, or (iiiC) combine or reclassify the outstanding Company shares of Common Stock into a smaller number of shares, the number of Shares issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such split, subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder immediately after such record date or effective date, as applicable, shall be entitled to exercise this Warrant, subject to Section 2, to purchase the number of shares of Non-Voting Common Stock which such holder would have owned or been entitled to receive in respect of the shares of Common Stock subject to this Warrant after such date had this Warrant been exercised in full immediately prior to such date. In such event, the Exercise Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant before such adjustment determined pursuant to the immediately preceding sentence and (2) the Exercise Price in effect immediately prior to the record or effective date, as applicable with respect to the case may be, for such dividend, distribution, split, subdivision, reclassification or combination or reclassification giving rise to this adjustment by (y) the new number of Shares issuable upon exercise of this Warrant in full determined pursuant to the immediately preceding sentence. The Company shall not take any action relating to any such dividend, distribution, subdivision, combination or reclassification with respect to any one class of Company Common Stock without taking equivalent action with respect to each other class of Company Common Stock then issued and outstanding.

Appears in 1 contract

Sources: Investment Agreement (TriState Capital Holdings, Inc.)

Stock Splits, Subdivisions, Reclassifications or Combinations. If the Company Corporation shall (i) declare and pay a dividend or make a distribution on its Company Common Stock in shares of Company Common Stock, (ii) subdivide or reclassify the outstanding shares of Company Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Company shares of Common Stock into a smaller number of shares, in each case, in which the shares of the Series A Convertible Preferred Stock do not participate, the number of Shares shares of Common Stock issuable upon exercise conversion of this Warrant each share of Series A Convertible Preferred Stock at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted in proportion to such increase or decrease in the aggregate number of shares of Common Stock outstanding so that the Warrantholder after such date each share of Series A Convertible Preferred Stock shall be entitled to purchase convertible into the number of shares of Non-Voting Common Stock which such a holder of one share of Series A Convertible Preferred Stock would have owned or been entitled to receive in respect of such share of Series A Convertible Preferred Stock after such date had this Warrant been exercised such holder converted its share of Series A Convertible Preferred Stock immediately prior to such datethe date of the applicable event occurring in clauses (i)-(iii) above. In such event, the Exercise Conversion Price in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (x) the product of (1) the number of Shares shares of Common Stock issuable upon the exercise conversion of this Warrant one share of Series A Convertible Preferred Stock before such adjustment and (2) the Exercise Conversion Price in effect immediately prior to the record or effective date, as the case may be, for such the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by (y) the new number of Shares shares of Common Stock issuable upon exercise conversion of this Warrant one share of Series A Convertible Preferred Stock determined pursuant to the immediately preceding sentence. The Company shall not take any action relating to any such dividend, distribution, subdivision, combination or reclassification with respect to any one class of Company Common Stock without taking equivalent action with respect to each other class of Company Common Stock then issued and outstanding.

Appears in 1 contract

Sources: Securities Purchase Agreement (Velocity Financial, Inc.)