Common use of Splits and Subdivisions Clause in Contracts

Splits and Subdivisions. If the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents, then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the purchase price shall be appropriately decreased and the number of shares of Common Stock which this Warrant is exercisable for, if any, shall be appropriately increased in proportion to such increase of outstanding shares.

Splits and Subdivisions. If the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Next Stock or the determination of the holders of Common Next Stock entitled to receive a dividend or other distribution payable in additional shares of Common Next Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Next Stock (hereinafter referred to as the "Common Next Stock Equivalents") without payment of any consideration by such holder for the additional shares of Common Next Stock or Common Next Stock Equivalents, then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the purchase price shall be appropriately decreased and the number of shares of Common Next Stock which this Warrant is exercisable for, if any, shall be appropriately increased in proportion to such increase of outstanding shares.

Splits and Subdivisions. If the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding shares of Common Stock New Equity Shares or the determination of the holders of Common Stock New Equity Shares entitled to receive a dividend or other distribution payable in additional shares of Common Stock New Equity Shares or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Common Stock New Equity Shares (hereinafter referred to as the "Common Stock “New Equity Equivalents"”) without payment of any consideration by such holder for the additional shares of Common Stock New Equity Shares or Common Stock New Equity Equivalents, then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the purchase price shall be appropriately decreased and the number of shares of Common Stock New Equity Shares which this Warrant is exercisable for, if any, shall be appropriately increased in proportion to such increase of outstanding shares.