Common use of Adjustments for Other Distributions Clause in Contracts

Adjustments for Other Distributions. In the event the Corporation ----------------------------------- at any time or from time to time makes, or fixes a record date for the determination of holders of Common Stock entitled to receive any distribution payable in securities of the Corporation other than shares of Common Stock, then and in each such event provision shall be made so that the holders of Series B Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Corporation which they would have received had their Series B Preferred Stock been converted into Common Stock on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3(f) with respect to the rights of the holders of the Series B Preferred Stock.

Appears in 1 contract

Samples: Registration Rights Agreement (Oxis International Inc)

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Adjustments for Other Distributions. In the event the Corporation ----------------------------------- at any time or from time to time makes, or fixes files a record date for the determination of holders of Common Stock entitled to receive any distribution payable in securities or assets of the Corporation other than shares of Common Stock, then and in each such event event, provision shall be made so that the holders Holders of Series B A Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities or assets of the Corporation which they would have received had their Series B A Preferred Stock been converted into Common Stock on the date of such event pursuant to an Optional Conversion and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities or assets receivable by them as aforesaid during such period, subject to all other adjustments adjustment called for during such period under this Section 3(f) V with respect to the rights of the holders of the Series B A Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (SKYX Platforms Corp.)

Adjustments for Other Distributions. In the event If the Corporation ----------------------------------- at any time or from time to time makes, or fixes a record date for the determination of holders of Common Stock entitled to receive receive, any distribution payable in securities of the Corporation other than shares of Common StockStock and other than as otherwise adjusted in this Section 4, then and in each such event event, provision shall be made so that the holders of the Series B A Preferred Stock shall receive receive, upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Corporation which that they would have received had their respective Series B A Preferred Stock had been converted into Common Stock on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3(f) 4 with respect to the rights of the holders of the Series B A Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Npowr Digital Media Inc)

Adjustments for Other Distributions. In the event the Corporation ----------------------------------- corporation at any time or from time to time makes, or fixes a record date for the determination of 23 holders of Common Stock entitled to receive receive, any distribution payable in securities of the Corporation corporation other than shares of Common StockStock and other than as otherwise adjusted in this Section 4, then and in each such event provision shall be made so that the holders of Series B A Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Corporation corporation which they would have received had their Series B A Preferred Stock been converted into Common Stock on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3(f) 4 with respect to the rights of the holders of the Series B Preferred StockA Preferred.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (Axys Pharmecueticals Inc)

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Adjustments for Other Distributions. In the event the Corporation ----------------------------------- at any time or from time to time makes, or fixes files a record date for the determination of holders of Common Stock entitled to receive any distribution payable in securities or assets of the Corporation other than shares of Common Stock, then and in each such event event, provision shall be made so that the holders Holders of Series B A-1 Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities or assets of the Corporation which they would have received had their Series B A-1 Preferred Stock been converted into Common Stock on the date of such event pursuant to an Optional Conversion and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities or assets receivable by them as aforesaid during such period, subject to all other adjustments adjustment called for during such period under this Section 3(f) V with respect to the rights of the holders of the Series B A-1 Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (SKYX Platforms Corp.)

Adjustments for Other Distributions. In the event the Corporation ----------------------------------- at any time or from time to time makes, or fixes a record date for the for, a determination of holders of Common Stock entitled to receive any distribution payable in securities or other property of the Corporation other than shares of Common StockStock and other than as otherwise adjusted in this Section A.6, then and in each such event event, provision shall be made so that the holders of Series B Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of Common Stock receivable thereupon, the amount of securities and other property of the Corporation which they would have received had their shares of Series B Preferred Stock been converted into Common Stock on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities and other property receivable by them as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3(f) A.6 with respect to the rights of the holders of the Series B Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ign Entertainment Inc)

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