Common use of Adjustment for Tax Purposes Clause in Contracts

Adjustment for Tax Purposes. In the event of a taxable distribution to holders of shares of Common Stock which results in an adjustment to the number of shares of Common Stock or other consideration for which such a Warrant may be exercised, the holders of the Warrants may, in certain circumstances, be deemed to have received a distribution subject to United States federal income tax as a dividend.

Appears in 4 contracts

Samples: Warrant Agreement (Jostens Inc), Warrant Agreement (Dti Holdings Inc), Warrant Agreement (Convergent Communications Inc /Co)

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Adjustment for Tax Purposes. In the event of a taxable distribution to --------------------------- holders of shares of Common Stock which results in an adjustment to the number of shares of Common Stock or other consideration for which such a Warrant may be exercised, the holders of the Warrants may, in certain circumstances, be deemed to have received a distribution subject to United States federal income tax as a dividend.

Appears in 1 contract

Samples: Warrant Agreement (Jostens Inc)

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