Common use of Adjustments for Certain Other Distributions Clause in Contracts

Adjustments for Certain Other Distributions. In case the Company ------------------------------------------- shall, after the Closing Date, fix a record date for the making of a distribution to holders of its Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing corporation) of (i) assets, (ii) evidences of indebtedness or other securities (except for its Common Stock) of the Company or of any entity other than the Company, or (iii) subscription rights, options or warrants to purchase any of the foregoing assets or securities, whether or not such rights, options or warrants are immediately exercisable (all such distributions referred to in clauses (i), (ii) and (iii) being hereinafter collectively referred to as "Distributions on ---------------- Common Stock"), then the current Exercise Price in effect prior to such ------------ action shall be adjusted to subtract therefrom the fair value of such assets, evidences of indebtedness or subscription rights, options or warrants so distributed allocable to one share of common stock, as determined in good faith by the Company's Board of Directors.

Appears in 2 contracts

Samples: Purchase Agreement (Bet Associates Lp), Purchase Agreement (Westower Corp)

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Adjustments for Certain Other Distributions. In case the Company ------------------------------------------- shall, after the Closing Date, fix a record date for the making of a distribution to holders of its Common Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing corporation) of (i) assets, (ii) evidences of indebtedness or other securities (except for its Common Stock) of the Company or of any entity other than the Company, Company or (iii) subscription rights, options or warrants to purchase any of the foregoing assets or securities, whether or not such rights, options or warrants are immediately exercisable (all such distributions referred to in clauses (i), (ii) and (iii) being hereinafter collectively referred to as "Distributions on ---------------- Common Stock"), then the current Exercise Price conversion price then in ------------------------------ effect prior to such ------------ action shall be adjusted to subtract therefrom the fair value of such assets, evidences of indebtedness or subscription rights, options or warrants so distributed allocable to one share of common stockCommon Stock, as determined in good faith by the Company's Board of Directors.

Appears in 2 contracts

Samples: Purchase Agreement (Bet Associates Lp), Purchase Agreement (Westower Corp)

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