Common use of Adjustments for Stock Splits and Subdivisions Clause in Contracts

Adjustments for Stock Splits and Subdivisions. In the event Company should at any time or from time to time after the date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding shares of Preferred Stock or the determination of holders of Preferred Stock entitled to receive a dividend or other distribution payable in additional shares of Preferred Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Preferred Stock (hereinafter referred to as "PREFERRED STOCK EQUIVALENTS") without payment of any consideration by such holder for the additional shares of Preferred Stock or the Preferred Stock Equivalents (including the additional shares of Preferred Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Price of this Note shall be appropriately decreased so that the number of shares of Preferred Stock issuable upon conversion of this Note shall be increased in proportion to such increase of outstanding shares.

Adjustments for Stock Splits and Subdivisions. In the event Company that Abgenix should at any time or from time to time after the date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding shares of Series A Preferred Stock or the determination of holders of Series A Preferred Stock entitled to receive a dividend or other distribution payable in additional shares of Series A Preferred Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Series A Preferred Stock (hereinafter referred to as "PREFERRED STOCK EQUIVALENTSSeries A Preferred Equivalents") without payment of any consideration by such holder for the additional shares of Series A Preferred Stock or the Series A Preferred Stock Equivalents (including the additional shares of Series A Preferred Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Price of this Note shall be appropriately decreased so that the number of shares of Series A Preferred Stock issuable upon conversion of this Note shall be increased in proportion to such increase of outstanding shares.