Unchanged. If the shares of common stock of Borrower are subdivided or combined into a greater or smaller number of shares of common stock, or if a dividend is paid on the common stock in shares of common stock, the shares of common stock issued to Lender shall not be proportionately reduced in case of subdivision of shares or stock dividend; however, they will be proportionately increased in the case of combination of shares by the ratio which the total number of shares of common stock outstanding immediately after such event bears to the total number of shares of common stock outstanding immediately prior to such event. This provision shall be retroactive to the commencement of the Agreement.
Appears in 4 contracts
Samples: Loan and Security Agreement (Voyager Entertainment International Inc), Loan and Security Agreement (Voyager Entertainment International Inc), Loan and Security Agreement (Voyager Entertainment International Inc)