Common use of Adjustment for Mergers, Consolidations, Etc Clause in Contracts

Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Borrower or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, the Convertible Notes will be convertible into the kind and amount of securities, cash and other property which the holder of the Convertible Notes would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Convertible Notes immediately prior to the occurrence of such event.

Appears in 4 contracts

Samples: Trimedia Entertainment Group Inc, International Travel Cd S Inc, Continental Southern Resources Inc

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Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Borrower Company or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, the Convertible Notes Note will be convertible into the kind and amount of securities, cash and other property which the holder Holder of the Convertible Notes Note would have been entitled to receive if the holder Holder owned the Common Stock issuable upon conversion of the Convertible Notes Note immediately prior to the occurrence of such event.

Appears in 2 contracts

Samples: Digital Descriptor Systems Inc, Digital Descriptor Systems Inc

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Adjustment for Mergers, Consolidations, Etc. (i) In the event of distribution to all Common Stock holders of any stock, indebtedness of the Borrower or assets (excluding cash dividends or distributions from retained earnings) or other rights to purchase securities or assets, then, after such event, the Convertible Notes will be convertible into the kind and amount of securities, cash and other property which the holder of the Convertible Notes would have been entitled to receive if the holder owned the Common Stock issuable upon conversion of the Convertible Notes immediately prior to the occurrence of such event.. Issuer's Initial _______

Appears in 1 contract

Samples: Bepariko Biocom

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