Common use of Sub-Divisions Clause in Contracts

Sub-Divisions. If after the date hereof, and subject to the provisions of Section 4.6 below, the number of issued and outstanding shares of Class A common stock is increased by a capitalization or share dividend of shares of Class A common stock, or by a sub-division of shares of Class A common stock or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of shares of Class A common stock issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Class A common stock. A rights offering to holders of shares of Class A common stock entitling holders to purchase shares of Class A common stock at a price less than the “Historical Fair Market Value” (as defined below) shall be deemed a capitalization

Sub-Divisions. If after the date hereof, and subject to the provisions of Section 4.6 below, the number of issued and outstanding shares of Class A common stock Common Stock is increased by a capitalization or share dividend of shares of Class A common stockCommon Stock, or by a sub-division of shares of Class A common stock Common Stock or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of shares of Class A common stock Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in the issued and outstanding shares of Class A common stockCommon Stock. A rights offering made to all or substantially all holders of shares of Class A common stock Common Stock entitling holders to purchase shares of Class A common stock Common Stock at a price less than the “Historical Fair Market Value” (as defined below) shall be deemed a capitalizationcapitalization of a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights