Common use of Adjustment for Certain Dividends and Distributions Clause in Contracts

Adjustment for Certain Dividends and Distributions. In the event the Company at any time, or from time to time, after the Effective Date makes or fixes a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provisions shall be made so that each Warrant Holder (the "Holder") shall receive upon exercise of the Warrant, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company which the Holder would have received had its Warrant been exercised into Common Stock on the date of such event and had it thereafter, during the period from the date of such event to and including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 10 with respect to the rights of the Holder of the Warrant.

Appears in 5 contracts

Samples: Warrant Agency Agreement (Panoshan), Warrant Agency Agreement (Emission Differentials, Ltd.), Warrant Agency Agreement (Sprout Development Inc.)

AutoNDA by SimpleDocs

Adjustment for Certain Dividends and Distributions. In the event the Company at any time, or from time to time, after the Effective Date makes or fixes a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provisions shall be made so that each Warrant Holder holder (the "Holder") shall receive upon exercise of the Warrant, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company which the Holder would have received had its Warrant been exercised into Common Stock on the date of such event and had it thereafter, during the period from the date of such event to and including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 10 with respect to the rights of the Holder of the Warrant.

Appears in 4 contracts

Samples: Warrant Agency Agreement (Us Dry Cleaning Corp), Warrant Agency Agreement (Us Dry Cleaning Corp), Warrant Agency Agreement (Us Dry Cleaning Corp)

Adjustment for Certain Dividends and Distributions. In the event the Company Company, at any time, time or from time to time, after the Effective Date makes or fixes a record date for the determination of holders of Common Stock Stock, entitled to receive a dividend or other distribution payable in securities of the Company Company, other than shares of Common Stock, then and in each such event provisions shall be made so that each Warrant the Holder (the "Holder") shall receive upon exercise of the WarrantOption, or any portion hereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company which the Holder would have received had its Warrant Option, or any portion hereof, been exercised into Common Stock on the date of such event and had it thereafter, during the period from the date of such event to and including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 10 2 with respect to the rights of the Holder of the WarrantOption.

Appears in 3 contracts

Samples: Option Agreement (Las Vegas Entertainment Network Inc), Option Agreement (Fountain Powerboat Industries Inc), Option Agreement (Wiz Technology Inc)

Adjustment for Certain Dividends and Distributions. In the event the Company at any time, or from time to time, after the Effective Date makes or fixes a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event event, provisions shall be made so that each Warrant Holder (the "β€œHolder"”) shall receive upon exercise of the Warrant, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company which the Holder would have received had its Warrant been exercised into Common Stock on the date of such event and had it thereafter, during the period from the date of such event to and including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 10 with respect to the rights of the Holder of the Warrant.

Appears in 1 contract

Samples: Warrant Agency Agreement (Caspian Services Inc)

AutoNDA by SimpleDocs

Adjustment for Certain Dividends and Distributions. In the event the Company at any time, time or from time to time, time after the Effective Issuance Date makes makes, or fixes a record date for the determination of holders of Common Stock entitled to receive receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provisions shall be made so that each Warrant Holder (the "Holder") holder shall receive upon exercise of the Warrant, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company which the Holder would have received had its Warrant been exercised into Common Stock on the date of such event and had it thereafter, during the period from the date of such event to and including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 10 9 with respect to the rights of the Holder of the Warrant.

Appears in 1 contract

Samples: Merger Agreement (Sportsmans Guide Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!