Common use of Anti-Dilution Adjustments Clause in Contracts

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, • if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock or • upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 2 contracts

Samples: Stockholder Rights Agreement (Galera Therapeutics, Inc.), Stockholder Rights Agreement (Westwood Holdings Group Inc)

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Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, ; • if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock Stock; or • upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 2 contracts

Samples: Stockholder Rights Agreement (Veradigm Inc.), Stockholder Rights Agreement (Veradigm Inc.)

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock or upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 2 contracts

Samples: Stockholder Rights Agreement (Purple Innovation, Inc.), Stockholder Rights Agreement (Purple Innovation, Inc.)

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Common Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Common Stock, if holders of the Preferred Common Stock are granted certain rights, options or warrants to subscribe for Preferred Common Stock or convertible securities at less than the current market price of the Preferred Common Stock or upon the distribution to holders of the Preferred Common Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Common Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Common Stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Shareholder Rights Agreement (Nordstrom Inc)

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, • ; ● if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock Stock; or upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Shareholder Rights Agreement (Lifeway Foods, Inc.)

Anti-Dilution Adjustments. The exercise price payable, payable and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, • if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock or • upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will shall be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No fractional shares of Preferred Stock will shall be issued and, in lieu thereof, an adjustment in cash will shall be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Sandridge Energy Inc)

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Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock preferred stock or other securities or property issuable, upon exercise of the Rights rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stockpreferred stock, • if holders of the Preferred Stock preferred stock are granted certain rights, options or warrants to subscribe for Preferred Stock preferred stock or convertible securities at less than the current market price of the Preferred Stock preferred stock or • upon the distribution to holders of the Preferred Stock preferred stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) % of the exercise price. No fractional shares of Preferred Stock preferred stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock preferred stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Rights Agreement (Inspired Entertainment, Inc.)

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, • if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock or • upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) % of the exercise price. No fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Tax Benefits Preservation Plan (Quotient Technology Inc.)

Anti-Dilution Adjustments. The exercise price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution: • in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, • if holders of the Preferred Stock are granted certain rights, options or warrants to subscribe for Preferred Stock or convertible securities at less than the current market price of the Preferred Stock or • upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). With certain exceptions, no adjustment in the exercise price will be required until cumulative adjustments amount to at least one percent (1%) of the exercise price. No The Company shall not be required to issue fractional shares of Preferred Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Stratus Properties Inc)

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