Common use of Adjustment for Dividends and Distributions Clause in Contracts

Adjustment for Dividends and Distributions. In the event that the Company shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (a) securities of the Company other than capital stock or (b) any other assets, then, and in each such case, Noteholder, upon conversion of this Note at any time after the consummation, effective date or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company to which such holder would have been entitled upon such date if such holder had converted this Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Kibush Capital Corp), Caldera International Inc/Ut, Caldera International Inc/Ut

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Adjustment for Dividends and Distributions. In the event that the Company HomeNet shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (a) securities of the Company HomeNet other than capital stock or (b) any other assets, then, and in each such case, the Noteholder, upon conversion of this Note at any time after the consummation, effective date or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company HomeNet to which such holder would have been entitled upon such date if such holder had converted this Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 1 contract

Samples: Secured Loan Agreement (Homenet Corp)

Adjustment for Dividends and Distributions. In the event that the Company shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (a) securities of the Company Company, other than capital stock stock, or (b) any other assets, then, and in each such case, Noteholderthe Holder, upon conversion of this Note at any time after the consummation, effective date date, or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company to which such holder Holder would have been entitled upon such date if such holder Holder had converted this Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 1 contract

Samples: Purchase Agreement (American Financial Holding Inc /De)

Adjustment for Dividends and Distributions. In the event that the Company Faraday shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (a) securities of the Company Faraday other than capital stock or (b) any other assets, then, and in each such case, the Noteholder, upon conversion of this Note at any time after the consummation, effective date or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company Faraday to which such holder would have been entitled upon such date if such holder had converted this Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 1 contract

Samples: Security Agreement (Homenet Corp)

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Adjustment for Dividends and Distributions. In the event that the Company shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (ai) securities of the Company other than capital stock stock, or (bii) any other assets, then, and in each such case, Noteholderthe Holder, upon conversion of this Note at any time after the consummation, effective date date, or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company to which such holder Holder would have been entitled upon such date if such holder Holder had converted this Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 1 contract

Samples: Schimatic Cash Transactions Network Com Inc

Adjustment for Dividends and Distributions. In the event that the Company shall make or issue, or shall fix a record date for the determination of eligible holders of securities entitled to receive, a dividend or other distribution payable with respect to the Conversion Stock (or any shares of stock or other securities at the time issuable upon conversion of this Note) that is payable in (a) securities of the Company other than capital stock or (b) any other assets, then, and in each such case, NoteholderNoteholders, upon conversion of this Credit Line/Note at any time after the consummation, effective date or record date of such event, shall receive, in addition to the shares of Conversion Stock (or such other stock or securities) issuable upon such conversion prior to such date, the securities or such other assets of the Company to which such holder would have been entitled upon such date if such holder had converted this Credit Line/Note immediately prior thereto (all subject to further adjustment as provided in this Note).

Appears in 1 contract

Samples: China Direct Trading Corp

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