Common use of Stock Dividends and Stock Splits Clause in Contracts

Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (A) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities convertible into or exercisable for Common Stock; (B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, of which the numerator shall be the number of shares of Common Stock outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (Ai) pays a stock dividend or otherwise makes a distribution or distributions payable in on shares of Common Stock on Stock, payable in shares of Common Stock or any securities of the Company or any of its Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable for or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock; (Bii) subdivides outstanding shares of Common Stock into a larger number of shares; (Ciii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (Div) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before prior to such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record distribution date for the determination of stockholders entitled to receive any such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstandingafter the Issuance Date: (Ai) pays a stock dividend or otherwise makes a distribution or distributions distributions, payable on shares of Common Stock in shares of Common Stock on shares or in any securities of Common Stock the Company or any securities of its Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable for or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock; (Bii) subdivides outstanding shares of Common Stock into a larger number of shares; (Ciii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (Div) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Exercise Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before prior to such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section 2(a) shall become effective immediately after the record distribution date for the determination of stockholders entitled to receive any such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Stock Dividends and Stock Splits. If the CompanyBuyer, at any time while this Note is outstandingprior to the completion of all payments set forth in Section 2(B) above: (Ai) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock common stock on shares of Common Stock common stock or any securities convertible into or exercisable for Common Stock; common stock equivalents), (Bii) subdivides outstanding shares of Common Stock common stock into a larger number of shares; , (Ciii) combines (including by way of a reverse stock split) outstanding shares of Common Stock common stock into a smaller number of shares; shares or (Div) issues, in the event of a reclassification of shares of the Common Stockcommon stock, any shares of capital stock of the CompanyBuyer, then the Conversion Initial Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock common stock (excluding any treasury shares of the Company) outstanding immediately before such event event, and of which the denominator shall be the number of shares of Common Stock common stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Stock Dividends and Stock Splits. If the CompanyBorrower, at any time while this Note is outstanding: (Ai) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities convertible into or exercisable for Common Stock; Stock Equivalents, (Bii) subdivides outstanding shares of Common Stock into a larger number of shares; , (Ciii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; shares or (Div) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the CompanyBorrower, then the Conversion Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of Borrower) outstanding immediately before such event event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (A) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities of the Company which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable for or exchangeable for, or otherwise entitles the holder thereof to receive, Common StockStock (collectively, “Common Stock Equivalents”); (B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section 5.A. shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-re classification.

Stock Dividends and Stock Splits. If the Company, at any time while this Note Debenture is outstanding: (A) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon conversion of, or payment of interest on, this Debenture or other convertible into debentures outstanding at the Closing Date or exercisable for the issuance of Common StockStock pursuant to the exercise of common stock purchase warrants outstanding as of the Closing Date); (B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price (and each sale or bid price used in determining the Conversion Price) shall be multiplied by a fraction, fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.