Common use of Adjustment Due to Distribution Clause in Contracts

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 74 contracts

Samples: Securities Purchase Agreement (NKGen Biotech, Inc.), Registration Rights Agreement (NKGen Biotech, Inc.), Registration Rights Agreement (NKGen Biotech, Inc.)

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Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerCompany’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 5 contracts

Samples: Exchange Agreement (Chanticleer Holdings, Inc.), Exchange Agreement (Arkados Group, Inc.), Exchange Agreement (Chanticleer Holdings, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s 's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (CelLynx Group, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, dividend by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 3 contracts

Samples: Sentinel Emergency Response Technology, Inc., Sentinel Emergency Response Technology, Inc., Sentinel Emergency Response Technology, Inc.

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders holder of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 2 contracts

Samples: Funding Agreement (Global Equity International Inc), Funding Agreement (Global Equity International Inc)

Adjustment Due to Distribution. If the Borrower Parent shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerParent’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 2 contracts

Samples: Securities Purchase Agreement, Employment Agreement (Red White & Bloom Brands Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder Lender of this such Note shall be entitled, upon any conversion of this such Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder Lender with respect to the shares of Common Stock issuable upon such conversion had such Holder Lender been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 2 contracts

Samples: Loan Agreement (Goldspring Inc), Loan Agreement (Goldspring Inc)

Adjustment Due to Distribution. If If, at any time after the Borrower Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a “Distribution”"DISTRIBUTION"), then the Holder of this Note shall be entitled, upon any conversion exercise of this Note Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (without giving effect to the limitations contained in Article II.C) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Fastcomm Communications Corp), Fastcomm Communications Corp

Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, dividend or stock repurchase, by way of return of capital capital, or otherwise (including any dividend or distribution to the BorrowerCompany’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 2 contracts

Samples: Security Agreement (Biogold Fuels CORP), Biogold Fuels CORP

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders holder of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 2 contracts

Samples: Funding Agreement (Global Equity International Inc), Funding Agreement (Argentum 47, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.. Such assets shall be held in escrow by the Company pending any such conversion

Appears in 2 contracts

Samples: Securities Purchase Agreement (Vet Online Supply Inc), Securities Purchase Agreement (Carolco Pictures, Inc.)

Adjustment Due to Distribution. If If, at any time after the Borrower Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a “Distribution”"DISTRIBUTION"), then the Holder of this Note shall be entitled, upon any conversion exercise of this Note Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (without giving effect to the limitations contained in Article II.C.) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 2 contracts

Samples: Robotic Vision Systems Inc, Robotic Vision Systems Inc

Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerCompany’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note the Series B Preferred Stock after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: 12 Retech Corp

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution. Such assets shall be held in escrow by the Company pending any such conversion.

Appears in 1 contract

Samples: Securities Purchase Agreement (OSL Holdings Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such DistributionDistributio n, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (TagLikeMe Corp.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s 's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note Debenture shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Peak Entertainment Holdings Inc)

Adjustment Due to Distribution. If the Borrower Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Fastcomm Communications Corp

Adjustment Due to Distribution. If If, at any time after the date hereof, the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders 's stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note the Conversion Principal Amount after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder Holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Loan and Security Agreement (Compu Dawn Inc)

Adjustment Due to Distribution. If If, at any time after the Borrower Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion exercise of this Note Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (without giving effect to the limitations contained in Article II.C.) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Netplex Group Inc)

Adjustment Due to Distribution. If at any time on or after the Borrower Issue ------------------------------ Date the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion (without giving effect to the limitations contained in Article IV.C) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Knickerbocker L L Co Inc

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder Holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (TechCare Corp.)

Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Company's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note Debenture shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Provectus Pharmaceuticals Inc

Adjustment Due to Distribution. If the Borrower Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Class A Common Stock issuable upon such conversion had such Holder been the holder of such shares of Class A Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Base Ten Systems Inc

Adjustment Due to Distribution. If the Borrower Maker shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock common stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerMaker’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock common stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock common stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Purchase Agreement (All Energy Corp)

Adjustment Due to Distribution. If the Borrower Maker shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerMaker’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such the Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Bowmo, Inc.)

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Adjustment Due to Distribution. If If, at any time after the Borrower Second Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion exercise of this Note Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (without giving effect to the limitations contained in Article II.C.) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Netplex Group Inc

Adjustment Due to Distribution. If the Borrower Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerCorporation’s shareholders stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the each Series A Holder of this Note shall be entitled, upon any conversion of this Note the Series A Preferred Stock after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the such Series A Holder with respect to the shares of Common Stock issuable upon such conversion had such Series A Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Exchange Agreement (BioRestorative Therapies, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or ------------------------------ make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders 's stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder holders of this Note Notes shall be entitled, upon any conversion of this Note Notes after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder holder with respect to the shares of Common Stock issuable upon such conversion had such Holder holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Ashton Technology Group Inc

Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerCompany’s shareholders stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note Lender shall be entitled, upon any conversion of this Note after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder Lender with respect to the shares of Common Stock issuable upon such conversion had such Holder Lender been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Security Agreement (Global Boatworks Holdings, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s 's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.. Such assets shall be held in escrow by the Company pending any such conversion

Appears in 1 contract

Samples: Securities Purchase Agreement (Vet Online Supply Inc)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall Noteshall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lux Digital Pictures, Inc.)

Adjustment Due to Distribution. If If, at any time after the Borrower Issue Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder Holders of this Note the Notes shall be entitled, upon any conversion of this Note the Notes after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion (without giving effect to the limitations contained in Article III.D) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Merlin Software Technologies International Inc

Adjustment Due to Distribution. If If, at any time after the Borrower First Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., i.e. a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion exercise of this Note Warrant after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion exercise (without giving effect to the limitations contained in Article II.C.) had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Netplex Group Inc)

Adjustment Due to Distribution. If the If, following an Event of Default, Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note Lender shall be entitled, upon any conversion of this Note Conversion after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder Lender with respect to the shares of Common Stock issuable upon such conversion Conversion had such Holder Lender been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Notis Global, Inc.

Adjustment Due to Distribution. If the Borrower Company shall declare or ------------------------------ make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock common stock as a partial liquidating dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s Company's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)subsidiary) (a "Distribution”)") at any ------------ time, then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets (or rights) which would have been payable to the Holder had the Holder with respect to the shares of Common Stock common stock issuable upon such conversion had such Holder (without regard to any limitations on conversion or exercise herein or elsewhere contained) been the holder of such shares of Common Stock common stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Penalty Settlement Agreement (P Com Inc)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note Debenture shall be entitled, upon any conversion of this Note Debenture after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Skybridge Wireless Inc)

Adjustment Due to Distribution. If the Borrower Company shall declare or make any distribution of its assets (or rights to acquire its assets) to holders holder of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerCompany’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

Appears in 1 contract

Samples: Investment and Funding Agreement (Argentum 47, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders stockholders entitled to such Distribution.

Appears in 1 contract

Samples: Red Giant Entertainment, Inc.

Adjustment Due to Distribution. If the Borrower Maker shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the BorrowerMaker’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such the Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.. PLAN AND AGREEMENT OF MERGER | PAGE 34

Appears in 1 contract

Samples: Plan and Agreement of Merger (Bowmo, Inc.)

Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock its shares as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock Shares issuable upon such conversion had such Holder been the holder of such shares of Common Stock Shares on the record date for the determination of shareholders entitled to such Distribution.. EXHIBIT A

Appears in 1 contract

Samples: Settlement Agreement (Abakan, Inc)

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