Common use of Adjustment for Stock Dividends Clause in Contracts

Adjustment for Stock Dividends. If at any time after the date hereof, the Company shall declare a dividend or make any other distribution upon any class or series of stock of the Company payable in shares of Common Stock or securities convertible into shares of Common Stock, the Exercise Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Common Stock or convertible securities, as the case may be, issuable in payment of such dividend or distribution. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.2.

Appears in 9 contracts

Samples: TRM Corp, Wilson Holdings, Inc., TRM Corp

AutoNDA by SimpleDocs

Adjustment for Stock Dividends. If at any time after the date hereof, the Company shall declare a dividend or make any other distribution upon any class or series of stock of the Company payable in shares of Common Stock or securities convertible into shares of Common Stock, the Exercise Price in effect immediately prior to such declaration or distribution shall be reduced proportionately and the number of Warrant Shares (calculated to be obtained upon exercise of this Warrant the nearest whole share) shall be adjusted proportionately increased proportionately, to reflect the issuance of any shares of Common Stock or convertible securities, as the case may beStock, issuable in payment of such dividend or distribution. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.23.2.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Syntroleum Corp), Common Stock Purchase Warrant (Syntroleum Corp), Particle Drilling Technologies Inc/Nv

Adjustment for Stock Dividends. If at any time after the date hereof, the Company shall declare a dividend or make any other distribution upon any class or series of capital stock of the Company payable in shares of Common Stock or other rights or securities convertible into or exercisable for shares of Common StockStock (other than the payment of dividends on the Series A Preferred Stock of the Company (the “Series A Preferred”) in accordance with the terms of the Certificate of Designations for the Series A Preferred, the Exercise Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Common Stock or convertible securities, as the case may be, issuable in payment of such dividend or distributionproportionately. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.2.

Appears in 2 contracts

Samples: Common Stock Purchase (Tudor Investment Corp Et Al), Common Stock Purchase Warrant (Uni-Pixel)

Adjustment for Stock Dividends. If at any time after the date hereof, the Company shall declare a dividend or make any other distribution upon any class or series of stock of the Company payable in shares of Common Stock or securities convertible into shares of Common Stock, the Exercise Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Common Stock or convertible securities, as the case may be, issuable in payment of such dividend or distribution. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.2.

Appears in 2 contracts

Samples: Nexmed Inc, Nexmed Inc

AutoNDA by SimpleDocs

Adjustment for Stock Dividends. If at any time after the date hereof, the Company shall declare a dividend or make any other distribution upon any class or series of stock of the Company payable in shares of Common Stock or securities convertible into shares of Common Stock, the Exercise Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Common Stock or convertible securities, as the case may be, issuable in payment of such dividend or distribution. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.23.2.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Ibasis Inc), Ibasis Inc

Adjustment for Stock Dividends. If at any time after the date ------------------------------- hereof, the Company shall declare a dividend or make any other distribution upon any class or series of capital stock of the Company payable in shares of Common Stock or other rights securities convertible into or exercisable for shares of Common Stock, the Exercise Price and the number of Warrant Shares to be obtained upon exercise of this Warrant shall be adjusted proportionately to reflect the issuance of any shares of Common Stock or convertible securities, as the case may be, issuable in payment of such dividend or distributionproportionately. The Exercise Price and the number of Warrant Shares, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described in this Section 4.2.. -----------

Appears in 1 contract

Samples: Securities Purchase Agreement (BigString CORP)

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