Stock Splits, Combinations and Dividends. If the shares of Common Stock 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 Conversion Price shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case 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.
Stock Splits, CombinationsDividends and Dividends.Stock Splits. If the Company, at any time while this Note is outstanding: # pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock are subdivided or combinedon outstanding shares of Common Stock, # subdivides outstanding shares of Common Stock into a greaterlarger number of shares, # combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or smaller# issues, in the event of a reclassification of shares of Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock, or if a dividend is paid on the Common Stock in(excluding any treasury shares of Common Stock, the Conversion PriceCompany) outstanding immediately before such event, and the denominator of which shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bearsevent. Any adjustment made pursuant to this Section shall become effective immediately after the total numberrecord date for the determination of sharesstockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of Common Stock outstanding immediately prior to such event.a subdivision, combination, or reclassification.
Subdivisions and Dividends. IfCombinations. In the sharesevent the Borrower shall at any time subdivide (by any stock split, stock dividend or otherwise) one or more classes of its outstanding Common Stock 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,such stock, the Conversion Price shall be proportionately reduceddecreased. Conversely, in casethe event the outstanding shares of subdivisionone or more classes of Common Stock shall at any time be combined into a smaller number of shares (by reverse stock split or stock dividend orotherwise), the Conversion Price shall be proportionately increased inincreased. In the case of combinationany stock dividend described in this , the adjustment to be made shall be made as of shares, in each such case by the ratio which the total number of shares of Common Stock outstandingtime immediately after the close of business on the record date for the determination of holders of any class of securities entitled to receive such event bearsdividend; provided, however, that if such record date shall have been fixed and such dividend shall not have been fully paid on the date fixed, such adjustment shall be cancelled as of the close of business on such record date and, thereafter, the Conversion Price shall be adjusted pursuant to this subsection # as of the total numbertime of sharesactual payment of Common Stock outstandingsuch dividend. In the case of any subdivision (other than a stock dividend) or combination described in this , the adjustment to be made pursuant hereto shall be made as of the close of business on the date immediately prior to the date upon which such event.corporate action becomes effective.
Stock Splits, CombinationsDividends and Dividends.Stock Splits. If the , at any time while this Note is outstanding: # pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock are subdividedon shares of Common Stock or combinedany Common Stock Equivalents, # subdivides outstanding shares of Common Stock into a greaterlarger number of shares, # combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares or smaller# issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the , then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock, or if a dividend is paid on the Common Stock in(excluding any treasury shares of Common Stock, the Conversion Price) outstanding immediately before such event, and of which the denominator shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bearsevent. Any adjustment made pursuant to this [Section 5(a)] shall become effective immediately after the total numberrecord date for the determination of sharesshareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of Common Stock outstanding immediately prior to such event.a subdivision, combination or re-classification.
Adjustment for Stock Splits, CombinationsSplits and Dividends.Combinations. If the sharesCorporation shall at any time or from time to time after the filing date of Common Stock are subdivided or combined intothis Certificate (the “Effective Date”) effect a greater or smaller numbersubdivision of shares of Common Stock, or if a dividend is paid on the Common Stock in shares ofoutstanding Common Stock, the Series C Conversion Price in effect immediately before that subdivision shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased indecreased so that the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately afterissuable on conversion of each share of such event bearsseries shall be increased in proportion to such increase in the totalaggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or from time to time after the Effective Date combine the outstanding shares of Common Stock, the Series C Conversion Price in effect immediately priorbefore the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be decreased in proportion to such event.decrease in the aggregate number of shares of Common Stock outstanding. Any adjustment under this subsection shall become effective at the close of business on the date the subdivision or combination becomes effective.
Stock Splits, CombinationsDividends and Dividends.Splits. If the [[Organization A:Organization]], at any time while this Note is outstanding: # pays a stock dividend on its Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock, # subdivides outstanding shares of Common Stock are subdivided or combined into a greaterlarger number of shares, or # combines outstanding shares of Common Stock into a smaller number of shares, then in each such case the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock, or if a dividend is paid onStock outstanding immediately before such event and of which the Common Stock in shares of Common Stock, the Conversion Pricedenominator shall be proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bearsevent. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the total numberrecord date for the determination of sharesshareholders entitled to receive such dividend or distribution, and any adjustment pursuant to clause (ii) or (iii) of Common Stock outstandingthis paragraph shall become effective immediately prior toafter the effective date of such event.subdivision or combination.
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