Subdivisions and Combinations. If at any time the Issuer shall (i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend or other distribution of Common Stock; (ii) subdivide, split or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock; or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then immediately after the occurrence of any such event (A) the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted so as to equal the number of shares of Common Stock such holder would have held immediately after the occurrence of such event (in the case of an event referred to in clause (i), after giving effect to such dividend or distribution) if such holder had exercised this Warrant immediately prior to the occurrence of such event and (B) the Exercise Price shall be adjusted to be equal to (x) the Exercise Price immediately prior to the occurrence of such event multiplied by (y) a fraction (1) the numerator of which is the number of shares of Common Stock issuable upon exercise of this Warrant immediately prior to the adjustment in clause (A) and (2) the denominator of which is the number of shares of Common Stock issuable upon exercise of this Warrant immediately after the adjustment in clause (A).
Appears in 9 contracts
Sources: Warrant Agreement (Bear Stearns & Co Inc /Ny/), Warrant Agreement (Bankers Trust New York Corp), Warrant Agreement (Bear Stearns & Co Inc /Ny/)
Subdivisions and Combinations. If at any time the Issuer shall
(i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend or other distribution of Common Stock;
(ii) subdivide, split or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock; or
(iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then immediately after the occurrence of any such event (A) the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted so as to equal the number of shares of Common Stock such holder the Holder would have held immediately after the occurrence of such event (in the case of an event referred to in clause (i), after giving effect to such dividend or distribution) if such holder the Holder had exercised this Warrant immediately prior to the occurrence of such event and (B) the Exercise Price shall be adjusted to be equal to (x) the Exercise Price immediately prior to the occurrence of such event multiplied by (y) a fraction (1) the numerator of which is the number of shares of Common Stock issuable upon exercise of this Warrant immediately prior to the adjustment in clause (A) and (2) the denominator of which is the number of shares of Common Stock issuable upon exercise of this Warrant immediately after the adjustment in clause (A).
Appears in 1 contract
Sources: Securities Purchase Agreement (Seattle Genetics Inc /Wa)
Subdivisions and Combinations. If at any time the Issuer shall
: (i) take make or issue or set a record of date for the holders of its 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, split or reclassify subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock; or
, or (iiiii) combine 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 any such event (A) the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted so as to equal the number of shares of Common Stock such which a record holder would have held immediately after of the occurrence same number of such event (in the case shares of an event referred to in clause (i), after giving effect to such dividend or distribution) if such holder had exercised Common Stock for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (B2) the Exercise Price then in effect shall be adjusted to be equal to (xA) the Exercise Price immediately prior to the occurrence of such event then in effect multiplied by (y) a fraction (1) the numerator of which is the number of shares of Common Stock issuable upon exercise of for which this Warrant is exercisable immediately prior to the adjustment in clause divided by (AB) and (2) the denominator of which is the number of shares of Common Stock issuable upon exercise of for which this Warrant is exercisable immediately after the adjustment in clause (A)such adjustment.
Appears in 1 contract
Sources: Securities Agreement (SPYR, Inc.)
Subdivisions and Combinations. If at any time the Issuer shall
(i) shall take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend or other distribution of Common Stock;
(ii) ; subdivide, split or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock; or
(iii) or combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then immediately after the occurrence of any such event (A) the number of shares of Class A Common Stock issuable upon exercise of this Warrant shall be adjusted so as to equal the number of shares of Class A Common Stock such holder the Holder would have held immediately after the occurrence of such event (in the case of an event referred to in clause (i), after giving effect to such dividend or distribution) if such holder the Holder had exercised this Warrant immediately prior to the occurrence of such event and (B) the Exercise Price shall be adjusted to be equal to (x) the Exercise Price immediately prior to the occurrence of such event multiplied by (y) a fraction (1) the numerator of which is the number of shares of Class A Common Stock issuable upon exercise of this Warrant immediately prior to the adjustment in clause (A) and (2) the denominator of which is the number of shares of Class A Common Stock issuable upon exercise of this Warrant immediately after the adjustment in clause (A).
Appears in 1 contract
Sources: Warrant (Lpa Services Inc)
Subdivisions and Combinations. If at any time the Issuer shall
(i) take a record of the holders of its Common Stock for the purpose of entitling them to receive a dividend or other distribution of Common Stock;
(ii) subdivide, split or reclassify its outstanding shares of Common Stock into a larger number of shares of Common Stock; or
(iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; then immediately after the occurrence of any such event (A) the number of shares of Class A Common Stock issuable upon exercise of this Warrant shall be adjusted so as to equal the number of shares of Class A Common Stock such holder the Holder would have held immediately after the occurrence of such event (in the case of an event referred to in clause (i), after giving effect to such dividend or distribution) if such holder the Holder had exercised this Warrant immediately prior to the occurrence of such event and (B) the Exercise Price shall be adjusted to be equal to (x) the Exercise Price immediately prior to the occurrence of such event multiplied by (y) a fraction (1) the numerator of which is the number of shares of Class A Common Stock issuable upon exercise of this Warrant immediately prior to the adjustment in clause (A) and (2) the denominator of which is the number of shares of Class A Common Stock issuable upon exercise of this Warrant immediately after the adjustment in clause (A).
Appears in 1 contract
Sources: Securities Purchase Agreement (La Petite Academy Inc)