Common use of Adjustments for Other Dividends and Distributions Clause in Contracts

Adjustments for Other Dividends and Distributions. If the Company shall at any time or from time to time after the Issuance Date, make or issue or set a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in other than shares of Common Stock, then, and in each event, an appropriate revision to the Conversion Price shall be made and provision shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of this Note shall receive upon conversions thereof, in addition to the number of shares of Common Stock receivable thereon, the number of securities of the Company which they would have received had this Note been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable thereon during such period), giving application to all adjustments called for during such period under this Section 4(c)(iii) with respect to the rights of the holders of the Note.

Appears in 6 contracts

Samples: Convertible Note Agreement (Greenestone Healthcare Corp), Convertible Note (Greenestone Healthcare Corp), Convertible Note (Platinum & Gold Inc)

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Adjustments for Other Dividends and Distributions. If the Company shall at any time or from time to time after the Issuance Date, make or issue or set a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in other than shares of Common Stock, then, and in each event, an appropriate revision to the Conversion Price shall be made and provision shall be made (by adjustments of the Conversion Price or otherwise) so that the holder of this Note shall receive upon conversions thereof, in addition to the number of shares of Common Stock receivable thereon, the number of securities of the Company which they would have received had this Note been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable thereon during such period), giving application to all adjustments called for during such period under this Section 4(c)(iii4(d)(iii) with respect to the rights of the holders of the Note.

Appears in 6 contracts

Samples: Convertible Note (Clements Golden Phoenix Enterprises Inc), Convertible Note (Clements Golden Phoenix Enterprises Inc), Convertible Note (Clements Golden Phoenix Enterprises Inc)

Adjustments for Other Dividends and Distributions. If In the event the Company shall at any time or from time to time after the Issuance Date, date hereof shall make or issue issue, or set fix a record date for the determination of holders of Common Stock entitled to receive receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then, then and in each event, an appropriate revision to the Conversion Price such event provisions shall be made and provision shall be made (by adjustments of the Conversion Price or otherwise) so that the holder holders of this Note Debentures shall receive upon conversions thereof, conversion thereof in addition to the number of shares of Common Stock receivable thereonthereupon, the number amount of securities of the Company which they would have received had this Note their Debentures been converted into Common Stock on the such record date of such event and had thereafter, during the period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable thereon during such period)) receivable by them as aforesaid during such period, giving application to all adjustments called for during such period under this Section 4(c)(iii) 4.5 with respect to the rights of the holders of the NoteDebentures.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American Virtual Cloud Technologies, Inc.), Debenture (American Virtual Cloud Technologies, Inc.), Debenture (American Virtual Cloud Technologies, Inc.)

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Adjustments for Other Dividends and Distributions. If the Company shall at any time or from time to time after the Issuance Date, make or issue or set a record date for the determination of holders of Common Stock entitled to receive a dividend or other distribution payable in other than shares of Common Stock, then, and in each event, an appropriate revision to the Conversion Price shall be made and provision shall be made (by adjustments of the Conversion Price or otherwise) so that the holder Payee of this Note shall receive upon conversions thereof, in addition to the number of shares of Common Stock receivable thereon, the number of securities of the Company which they would have received had this Note been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable thereon during such period), giving application to all adjustments called for during such period under this Section 4(c)(iii) with respect to the rights of the holders Payees of the Note.

Appears in 2 contracts

Samples: Convertible Note (National Boston Medical Inc), Convertible Note (National Boston Medical Inc)

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