Subdivision or Combination of Shares. If the Company at any time while this Warrant remains outstanding and unexpired shall subdivide or combine its outstanding shares of Applicable Stock, the Exercise Price shall be proportionately decreased and the number of Shares issuable hereunder shall be proportionately increased in the case of a subdivision and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.
Subdivision or Combination of Common Shares. If the Company at any time whileon or after the issuance date of this Warrant remains outstanding and unexpired shall subdivide(“Issuance Date”), subdivides (by any stock split, stock dividend, recapitalization or combineotherwise) one or more classes of its outstanding sharesCommon Shares into a greater number of Applicable Stock,shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number of Warrant Shares will be proportionately increased. Any adjustment under this section shall become effective at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise Price shall be proportionately decreased andcalculated to the numbernearest one-hundredth of Shares issuable hereundera cent. Such adjustment shall be proportionately increased in the case of a subdivision and the Exercise Pricemade successively whenever any event covered by this section shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.occur.
Subdivision or Combination of Shares.Common Stock. If the Company at any time while this Warrant remains outstanding and unexpired shall subdivideon or combineafter the Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Applicable Stock,Common Stock into a greater number of shares, the Exercise Price shallin effect immediately prior to such subdivision will be proportionately decreasedreduced and the number of Warrant Shares issuable hereunder shallwill be proportionately increased inincreased. If the caseCompany at any time on or after the Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a subdivision andsmaller number of shares, the Exercise Price shallin effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares issuable hereunderwill be proportionately decreased. Any adjustment under this Section 2(c) shall become effective at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise Price shall be proportionately decreased incalculated to the casenearest one-hundredth of a combination.cent. Such adjustment shall be made successively whenever any event covered by this Section 2(c) shall occur.
Adjustment of Warrant Exercise Price upon Subdivision or Combination of Shares.Common Stock. If the Company at any time whileafter the date of issuance of this Warrant remains outstanding and unexpired shall subdividesubdivides (by any stock split, stock dividend, recapitalization or combineotherwise) one or more classes of its outstanding shares of Applicable Stock, theCommon Stock into a greater number of shares, any Warrant Exercise Price shallin effect immediately prior to such subdivision will be proportionately decreasedreduced and the number of Shares issuable hereunder shallshares of Common Stock obtainable upon exercise of this Warrant will be proportionately increased inincreased. If the caseCompany at any time after the date of issuance of this Warrant combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a subdivision and thesmaller number of shares, any Warrant Exercise Price shallin effect immediately prior to such combination will be proportionately increased and the number of Warrant Shares issuable hereunder shallupon exercise of this Warrant will be proportionately decreased indecreased. Any adjustment under this Section 8(c) shall become effective at the caseclose of a combination.business on the date the subdivision or combination becomes effective.
Subdivision or Combination of Shares.Subdivisions, Combinations and Other Issuances. If the Company shall at any time whileafter the issuance but prior to the expiration of this Warrant remains outstanding and unexpired shall subdivide its Common Stock, by split-up or otherwise, or combine its outstandingCommon Stock, or issue additional shares of Applicableits Common Stock as a dividend with respect to any shares of its Common Stock, the Exercise Price shall be proportionately decreased and the number of Conversion Shares issuable hereunderon the exercise of this Warrant shall forthwith be proportionately increased in the case of a subdivision and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall beor stock dividend, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the Exercise Price payable per share, but the aggregate Exercise Price payable for the total number of Conversion Shares purchasable under this Warrant (as adjusted) shall remain the same. Any adjustment under this Section 5(a) shall become effective at the close of business on the date the subdivision or combination becomes effective, or as of the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend.
Subdivision or Combination of Shares.Capital Adjustments. If the Company shall at any time whileprior to the expiration of this Warrant remains outstanding and unexpired shall subdivide the Common Stock, by split-up or stock split, or otherwise, or combine its outstandingCommon Stock, or issue additional shares of Applicable Stock, the Exercise Price shall be proportionately decreased andits Common Stock as a dividend, the number of Warrant Shares issuable hereunderupon the exercise of this Warrant shall forthwith be automatically increased proportionately increased in the case of a subdivision and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall besubdivision, split or stock dividend, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the Exercise Price and other applicable amounts, but the aggregate purchase price payable for the total number of Warrant Shares purchasable under this Warrant (as adjusted) shall remain the same. Any adjustment under this Section 5.1 shall become effective automatically at the close of business on the date the subdivision or combination becomes effective, or as of the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend.
Subdivision or Combination of Shares.Stock Dividends and Splits. If the CompanyCompany, at any time while this Warrant remains outstanding and unexpiredis outstanding: # pays a stock dividend or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for avoidance of doubt, shall subdivide or combine itsnot include any shares of Common Stock issued by the Company upon exercise of this Warrant), # subdivides outstanding shares of Applicable Stock,Common Stock into a larger number of shares, # combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or # issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be proportionately decreasedmultiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the number of Warrant Shares issuable hereunderupon exercise of this Warrant shall be proportionately increasedadjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(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 and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.subdivision, combination or re-classification.
Subdivision or Combination of Shares.Stock Dividends and Splits. If the CompanyCompany, at any time while this Warrant remains outstanding and unexpiredis outstanding: # pays a stock dividend or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for avoidance of doubt, shall subdivide or combine itsnot include any shares of Common Stock issued by the Company upon exercise of this Warrant), # subdivides outstanding shares of Applicable Stock,Common Stock into a larger number of shares, # combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or # issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be proportionately decreasedmultiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the number of Sharesshares issuable hereunderupon exercise of this Warrant shall be proportionately increasedadjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 2(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 and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.subdivision, combination or re-classification.
Subdivision or Combination of Shares.Stock Dividends and Splits. If the CompanyCompany, at any time while this Warrant remains outstanding and unexpiredis outstanding: # pays a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for avoidance of doubt, shall subdivide or combine itsnot include any Warrant Shares issued by the Company upon exercise of this Warrant), # subdivides outstanding shares of Applicable Stock,Common Stock into a larger number of shares, # combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or # issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be proportionately decreasedmultiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event and the number of Sharesshares issuable hereunderupon exercise of this Warrant shall be proportionately increasedadjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 4(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.subdivision, combination or re-classification.
Subdivision or Combination of Shares.Stock Dividends and Splits. If the CompanyCompany, at any time while this Warrant remains outstanding and unexpiredis outstanding: # pays a stock dividend or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for avoidance of doubt, shall subdividenot include any shares of Common Stock issued by the Company upon exercise of this Warrant or combine itspursuant to any of the other Transaction Documents), # subdivides outstanding shares of Applicable Stock,Common Stock into a larger number of shares, # combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or # issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be proportionately decreasedmultiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the number of Sharesshares issuable hereunderupon exercise of this Warrant shall be proportionately increasedadjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(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 and the Exercise Price shall be proportionately increased and the number of Shares issuable hereunder shall be proportionately decreased in the case of a combination.subdivision, combination or re-classification.
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