Adjustments for Stock Dividends and Distributions. If at any time or from time to time after the date hereof the Company pays a dividend or makes another distribution to the holders of the Common Stock, in either case, payable solely in securities of the Company, other than an event as provided in Section 3(a) hereof, then in each such event provision shall be made so that the Holder of this Warrant shall receive upon exercise thereof, in addition to the number of shares of Common Stock receivable upon exercise thereof, the amount of securities of the Company which they would have received had their Warrant been exercised for Common Stock on the date of such event (or such record date, as applicable) and had they thereafter, during the period from the date of such event (or such record date, as applicable) to and including the exercise date, 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 with respect to the rights of this Warrant or with respect to such other securities by their terms.
Appears in 6 contracts
Samples: Warrant Agreement (Changing World Technologies, Inc.), Warrant Agreement (Changing World Technologies, Inc.), Warrant Agreement (Changing World Technologies, Inc.)
Adjustments for Stock Dividends and Distributions. If at any time or from time to time after the date hereof and on or prior to the Expiration Date the Company pays a dividend or makes another distribution to the holders of the Common Stock, in either case, payable solely in securities of the Company, other than an event as provided in Section 3(a) hereof, then in each such event provision shall be made so that the Holder of this Warrant shall receive upon exercise thereof, in addition to the number of shares of Common Stock receivable upon exercise thereof, the amount of securities of the Company which they the Holder would have received had their this Warrant been exercised for Common Stock on the date of such event (or such record date, as applicable) and had they the Holder thereafter, during the period from the date of such event (or such record date, as applicable) to and including the exercise date, retained such securities receivable by them it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3 with respect to the rights of this Warrant or with respect to such other securities by their terms.
Appears in 5 contracts
Samples: Warrant Agreement (Changing World Technologies, Inc.), Warrant Agreement (Changing World Technologies, Inc.), Warrant Agreement (Changing World Technologies, Inc.)