Common use of Certain Dividends and Distributions Clause in Contracts

Certain Dividends and Distributions. In the event that a dividend or other distribution shall be declared upon the Stock of the Company payable in shares of said stock, then, in each event, the number of shares of Stock covered by this Warrant shall be adjusted by adding thereto the number of shares which would have been distributable thereon if such shares had been outstanding on the date fixed for determining the stockholders entitled to receive such stock dividend or other distribution.

Appears in 4 contracts

Samples: Preferred Stock Purchase Agreement (Home Solutions of America Inc), Preferred Stock Purchase Agreement (Home Solutions of America Inc), Preferred Stock Purchase Agreement (Home Solutions of America Inc)

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