Antidilution Provision Sample Clauses
Antidilution Provision. The applicable Exercise Price in effect from time to time shall be, subject to adjustment in accordance with the provisions of this Section 11.
Antidilution Provision. So long as any Warrants are outstanding and unexercised, in whole or in part:
(a) if the Company shall pay a dividend in Common Stock or make any other distribution in Common Stock on or with respect to its Common Stock, the number of shares of Common Stock purchasable upon exercise of each Warrant outstanding and unexercised at such time shall be increased by multiplying such number of shares by a fraction, the denominator of which shall be the number of shares of Common Stock outstanding at the close of business on the day immediately preceding the date of such dividend or other distribution and the numerator of which shall be the sum of such number of shares and the total number of shares of Common Stock constituting such dividend or other distribution, such increase to become effective immediately after the record date of such dividend or other distribution;
(b) in the event outstanding shares of Common Stock shall be subdivided into a greater number of shares of Common Stock, the number of shares of Common Stock purchasable upon exercise of each Warrant shall be proportionately increased, and conversely, in case outstanding shares of Common Stock shall be combined into a smaller number of shares of Common Stock, the number of shares of Common Stock purchasable upon exercise of each Warrant shall be proportionately decreased, such increase or decrease, as the case may be, to become effective immediately after the effective date of such subdivision or combination; and
(c) if the Company issues or distributes to all holders of Common Stock (i) rights or warrants entitling them to subscribe for or purchase shares of any class of capital stock of the Company or (ii) evidences of its indebtedness, cash or other assets (including cash dividends but excluding stock dividends referred to in subsection (a) above), the Company shall issue or distribute to each Warrantholder such rights, warrants, evidences of indebtedness, cash or other assets that such Warrantholder would have been entitled to receive as a stockholder if such Warrantholder had exercised all of its Warrants immediately prior thereto.
Antidilution Provision. In the event that FFC shall at any time before the Effective Time: (i) issue a dividend in shares of FFC Common Stock, (ii) combine the outstanding shares of FFC Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of FFC Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to four decimal places), so that each DBC shareholder shall receive at the Effective Time, in exchange for his shares of DBC Common Stock, the number of shares of FFC Common Stock as would then have been owned by him if the Effective Time had occurred before the record date of such event (For example, if FFC were to declare a five percent (5%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective Time, the Conversion Ratio would be adjusted from 1.24 shares to 1.302 shares).
Antidilution Provision. Except with respect to those antidilution provisions contained herein, the Designated Preferred Stock issuable upon execution of this Warrant shall be granted the same antidilution protection as the other holders of Designated Preferred Stock. The Company shall promptly provide the Holder with any restatement, amendment, modification or waiver of the Charter that materially affects the rights, preferences and privileges of the Designated Preferred Stock. The Company shall provide Holder with prior written notice of any issuance of its stock or other equity security that will implicate such antidilution provisions to occur after the Effective Date of this Warrant, which notice shall include (a) the price at which stock or security is to be sold, (b) the number of shares to be issued, and (c) such other information as necessary for Holder to determine if a dilutive event has occurred. Issued this 29th day of June, 1998. EXTENSITY, INC. /s/ SHARXX XXXXXX ------------------------------------ Sharxx Xxxxxx, Xxesident ACCEPTED: /s/ JAMEX X. XXXX ------------------------------------------- By: JAMEX X. XXXX ---------------------------------------- Title: PRESIDENT COMDISCO VENTURES DIVISION ------------------------------------- EXHIBIT A NOTICE OF EXERCISE TO: EXTENSITY, INC. 5801 Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxxxxx 00000 Attention: President
Antidilution Provision. If during the term of this Agreement the Company shall (A) take any action entitling the holders of the Common Stock to receive a dividend payable in shares of Common Stock, (B) subdivide its outstanding shares of Common Stock into a greater number of shares, (C) combine its outstanding shares of Common Stock into a smaller number of shares or (D) issue by reclassification of its Common Stock any shares of capital stock of the Company of any class or series, the references in this Agreement (and in any instrument or document delivered or deliverable hereunder) to numbers of shares of Common Stock shall be automatically adjusted to equal the product obtained by multiplying each such referenced number of shares by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after occurrence of the event described in subsection (A), (B), (C) or (D) of this sentence, and the denominator which is the number of shares of Common Stock outstanding immediately prior to occurrence of such event.
Antidilution Provision. In the event that Fulton shall at any time before the Effective Time: (i) issue a dividend in shares of Fulton Common Stock, (ii) combine the outstanding shares of Fulton Common Stock into a smaller number of shares, or (iii) subdivide the outstanding shares of Fulton Common Stock into a greater number of shares, then the Conversion Ratio shall be proportionately adjusted (calculated to four decimal places), so that each Premier shareholder shall receive at the Effective Time, in exchange for his shares of Premier Common Stock, the number of shares of Fulton Common Stock as would then have been owned by him if the Effective Time had occurred before the record date of such event (For example, if Fulton were to declare a five percent (5%) stock dividend after the date of this Agreement and if the record date for that stock dividend were to occur before the Effective Time, the Conversion Ratio would be adjusted from 1.34 shares to 1.407 shares).
Antidilution Provision. 3 3.2 Consolidation, Merger, Sale of Assets, Reorganization, etc....................5 3.3
Antidilution Provision. In the event of a stock dividend, stock split, reverse stock split, other stock division or combination, recapitalization or reclassification involving Company’s Common Shares, an equitable and proportionate adjustment or other relevant change shall be deemed to have been made to all of the referenced shares and/or prices referenced herein in order fully to effectuate the purposes hereof, and all resulting additional (or reduced number of) shares thereafter shall be subject to the terms herein.
Antidilution Provision. The Exercise Price and the number of Warrant Shares which may be purchased hereunder shall be subject to adjustment from time to time as provided in this Section 3.
Antidilution Provision. In the event that prior to the Effective Date, the outstanding shares of Sterling Common Stock shall have been increased, decreased or changed into or exchanged for a different number or kind of shares or securities by reorganization, recapitalization, reclassification, stock dividend, stock split or other like changes in Sterling's capitalization, then an appropriate and proportionate adjustment shall be made to the Stock Consideration (including the Exchange Ratio).