Common use of Adjustments for Dividends in Stock or Other Securities Clause in Contracts

Adjustments for Dividends in Stock or Other Securities. If during the period that this Warrant remains outstanding and unexpired, the Company shall take a record of the holders of Class A Common Stock for the purpose of entitling them to receive a dividend, without payment therefor, payable in additional stock or other securities of the Company, then this Warrant shall represent the right to acquire, in addition to the number of shares of Class A Common Stock receivable upon exercise of this Warrant, the amount of such additional stock or other securities of the Company that the Holder would have received if the Holder had exercised this Warrant in full to purchase shares of Class A Common Stock and had been the record holder of such shares on the date that the Company took a record of the holders of Class A Common Stock for the purpose of entitling them to receive such dividend.

Appears in 8 contracts

Samples: Warrant Agreement (Spanish Broadcasting System Inc), Warrant Agreement (Spanish Broadcasting System of Puerto Rico Inc /De/), Warrant Agreement (Spanish Broadcasting System Inc)

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