Common use of Stock Dividends, Stock Splits, Etc Clause in Contracts

Stock Dividends, Stock Splits, Etc. In case the Company at any time or from time to time after the date hereof shall declare or pay any dividend on the Common Stock payable in Common Stock, or effect a subdivision of the outstanding shares of the Common Stock into a greater number of shares of the Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock), then, in any such event, the per share Adjusted Exercise Price per share shall be adjusted effective as of the close of business on (i) the record date for the determination of shareholders entitled to receive such dividend if such dividend is in fact paid, or (ii) the day immediately preceding the day upon which such subdivision shall become effective (any such day, as the case may be, shall be referred to herein as the "Subdivision Effective Date"), by multiplying the per share Adjusted Exercise Price in effect immediately prior to the Subdivision Effective Date by the fraction of which (x) the numerator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date and (y) the denominator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date plus the number of shares of the Common Stock issuable upon the payment of such dividend or the consummation of such subdivision, as the case may be.

Stock Dividends, Stock Splits, Etc. In case If the Company at any time or from time to time after the date hereof shall declare issue additional shares of Common Stock as a result of the declaration or pay any payment of a dividend on the Common Stock payable in Common Stock, or effect as a distribution to holders of Common Stock, or as a result of a subdivision of the outstanding shares of the Common Stock into a greater number of shares of the Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock), then, and in each such case, the Warrant Price then in effect shall be reduced, concurrently with the issuance of such shares, to a price (calculated to the nearest cent) determined by multiplying such Warrant Price by a fraction (i) the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such issuance of additional shares of Common Stock, and (ii) the denominator of which shall be the number of shares of Common Stock outstanding immediately after such issuance, provided that, for purposes of this Section 5(a), (x) additional shares of Common Stock shall be deemed to have been issued (A) in the case of any such eventdividend or distribution, the per share Adjusted Exercise Price per share shall be adjusted effective as of immediately after the close of business on (i) the record date for the determination of shareholders holders of any class of securities entitled to receive such dividend if such dividend is in fact paid, or distribution or (iiB) in the day case of any such subdivision, at the close of business on the date immediately preceding prior to the day upon which such subdivision shall become effective (any such daycorporate action becomes effective, as the case may be, shall be referred to herein as the "Subdivision Effective Date"), by multiplying the per share Adjusted Exercise Price in effect immediately prior to the Subdivision Effective Date by the fraction of which (x) the numerator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date and (y) the denominator immediately after any additional shares of Common Stock are deemed to have been issued, such additional shares of Common Stock shall be the number of deemed to be outstanding, and (z) treasury shares of the Common Stock outstanding immediately prior shall be deemed not to the Subdivision Effective Date plus the number of shares of the Common Stock issuable upon the payment of such dividend or the consummation of such subdivision, as the case may bebe outstanding.

Stock Dividends, Stock Splits, Etc. In case the Company at any time or from time to time after the date hereof shall declare issue additional shares of Common Stock as a result of the declaration or pay any payment of a dividend on the Common Stock payable in Common Stock, or effect as a result of a subdivision of the outstanding shares of the Common Stock into a greater number of shares of the Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock), then, and in each such case, the Warrant Price then in effect shall be reduced, concurrently with the issuance of such shares, to a price (calculated to the nearest one-hundredth of one cent) determined by multiplying such Warrant Price by a fraction (i) the numerator of which shall be the number, shares of Common Stock actually outstanding immediately prior to such issuance of additional shares of Common Stock, and (ii) the denominator of which shall be the number of shares of Common Stock actually outstanding immediately after such issuance, provided that, for purposes of this section 4.1(a), (x) additional shares of Common Stock shall be deemed to have been issued (1) in the case of any such eventdividend, the per share Adjusted Exercise Price per share shall be adjusted effective as of immediately after the close of business on (i) the record date for the determination of shareholders holders of any class of securities entitled to receive such dividend if such dividend is in fact paid, or (ii2) in the day case of any such subdivision, at the close of business on the date immediately preceding prior to the day upon which such subdivision shall become effective (any such daycorporate action becomes effective, as the case may be, shall be referred to herein as the "Subdivision Effective Date"), by multiplying the per share Adjusted Exercise Price in effect immediately prior to the Subdivision Effective Date by the fraction of which (x) the numerator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date and (y) the denominator immediately after any additional shares of Common Stock are deemed to have been issued, such additional shares of Common Stock shall be the number of deemed to be outstanding, and (z) treasury shares of the Common Stock outstanding immediately prior shall be deemed not to the Subdivision Effective Date plus the number of shares of the Common Stock issuable upon the payment of such dividend or the consummation of such subdivision, as the case may bebe outstanding.

Stock Dividends, Stock Splits, Etc. In case the Company at any time or from time to time after the date hereof shall declare or pay any dividend on the Common Stock payable in Common Stock, or effect a subdivision of the outstanding shares of the Common Stock into a greater number of shares of the Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock), then, in any such event, the per share Adjusted Exercise Price per share shall be adjusted effective as of the close of business on (i) the record date for the determination of shareholders entitled to receive such dividend if such dividend is in fact paid, or (ii) the day immediately preceding the day upon which such subdivision shall become effective (any such day, as the case may be, shall be referred to herein as the "“Subdivision Effective Date"”), by multiplying the per share Adjusted Exercise Price in effect immediately prior to the Subdivision Effective Date by the fraction of which (x) the numerator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date and (y) the denominator shall be the number of shares of the Common Stock outstanding immediately prior to the Subdivision Effective Date plus the number of shares of the Common Stock issuable upon the payment of such dividend or the consummation of such subdivision, as the case may be.