Subdivisions, Combinations and Stock Dividends. If Maker shall at any time subdivide by split-up or otherwise, its outstanding Common Stock into a greater number of shares, or issue additional Common Stock as a dividend, bonus issue or otherwise with respect to any Common Stock, the Conversion Price in effect immediately prior to such subdivision or share dividend or bonus issue shall be proportionately reduced. Conversely, in case the outstanding Common Stock of Maker shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall be proportionately increased.
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Samples: Intellectual Property Security Agreement (Mattersight Corp), Loan and Security Agreement (Healthcare Corp of America), Loan and Security Agreement (Healthcare Corp of America)
Subdivisions, Combinations and Stock Dividends. If Maker the Company shall at any time subdivide by split-up or otherwise, its outstanding Common Stock into a greater number of shares, or issue additional Common Stock as a dividend, bonus issue or otherwise with respect to any Common Stock, the Conversion Exchange Price in effect immediately prior to such subdivision or share dividend or bonus issue shall be proportionately reduced. Conversely, in case the outstanding Common Stock of Maker the Company shall be combined into a smaller number of shares, the Conversion Exchange Price in effect immediately prior to such combination shall be proportionately increased.
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