Common use of Common Stock Splits Clause in Contracts

Common Stock Splits. Upon any subdivision by the Company on or after the Issue Date of all of its outstanding shares of Aggregate Common Stock into a greater number of shares or upon any issuance by the Company on or after such date of a greater number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such subdivision or exchange, the number of shares of Series B Nonvoting Preferred Stock and Nonvoting Common Stock issuable upon the exchange of Notes shall be increased in proportion to such increase in the number of outstanding shares of Aggregate Common Stock and the Exchange Price shall be correspondingly decreased. Upon any pro rata reduction by the Company on or after the Issue Date of its outstanding shares of Aggregate Common Stock as a whole or upon any issuance by the Company after such date of a lesser number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such reduction or exchange, the number of shares of Series B Nonvoting Preferred Stock and Nonvoting Common Stock issuable upon the exchange of Notes shall be decreased in proportion to such reduction in the number of outstanding shares of Aggregate Common Stock and the Exchange Price shall be correspondingly increased.

Common Stock Splits. Upon any subdivision by the Company on or after the Issue Date of all of its outstanding shares of Aggregate Common Stock into a greater number of shares or upon any issuance by the Company on or after such date of a greater number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such subdivision or exchange, the number of shares of Series B Nonvoting A Voting Preferred Stock and Nonvoting Voting Common Stock issuable upon the exchange of Notes shall be increased in proportion to such increase in the number of outstanding shares of Aggregate Common Stock and the Exchange Price shall be correspondingly decreased. Upon any pro rata reduction by the Company on or after the Issue Date of its outstanding shares of Aggregate Common Stock as a whole or upon any issuance by the Company after such date of a lesser number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such reduction or exchange, the number of shares of Series B Nonvoting A Voting Preferred Stock and Nonvoting Voting Common Stock issuable upon the exchange of Notes shall be decreased in proportion to such reduction in the number of outstanding shares of Aggregate Common Stock and the Exchange Price shall be correspondingly increased.

Common Stock Splits. Upon any subdivision by the Company corporation on or after the Issue Date of all of its outstanding shares of Aggregate Common Stock into a greater number of shares or upon any issuance by the Company corporation on or after such date of a greater number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such subdivision or exchange, exchange the number of shares of Series B Nonvoting Preferred Voting Common Stock and or Nonvoting Common Stock Stock, as the case may be, issuable upon the exchange conversion of Notes shares of Convertible Preferred Stock shall be increased in proportion to such increase in the number of outstanding shares of Aggregate Common Stock and the Exchange Conversion Price shall be correspondingly decreased. Upon any pro rata reduction by the Company corporation on or after the Issue Date of its outstanding shares of Aggregate Common Stock as a whole or upon any issuance by the Company corporation after such date of a lesser number of shares of Aggregate Common Stock in a pro rata exchange for all of its outstanding shares of Aggregate Common Stock, then in each case from and after the record date for such reduction or exchange, exchange the number of shares of Series B Nonvoting Preferred Voting Common Stock and or Nonvoting Common Stock Stock, as the case may be, issuable upon the exchange conversion of Notes shares of Convertible Preferred Stock shall be decreased in proportion to such reduction in the number of outstanding shares of Aggregate Common Stock and the Exchange Conversion Price shall be correspondingly increased.