Common use of Certain Other Dividends and Distributions Clause in Contracts

Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof the Company shall effect a Non-Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expert) of such securities or other assets so distributed pursuant to such Non-Stock Dividend.

Appears in 2 contracts

Samples: Warrant Agreement (Conrad Industries Inc), Warrant Agreement (Conrad Industries Inc)

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Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof the Company shall effect a Non-Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expertthe Board of Directors of the Company) of such securities or other assets so distributed pursuant to such Non-Stock Dividend.

Appears in 2 contracts

Samples: Merger Agreement (Coda Energy Inc), Warrant Agreement (Belco Oil & Gas Corp)

Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof Effective Date the Company shall effect a Non-Non- Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d6.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expertthe Board of Directors of the Company) of such securities or other assets so distributed pursuant to such Non-Stock Dividenddistributed.

Appears in 2 contracts

Samples: Warrant Agreement (Gothic Energy Corp), Warrant Agreement (Chesapeake Energy Corp)

Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof Effective Date the Company shall effect a Non-Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d6.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expertthe Board of Directors of the Company) of such securities or other assets so distributed pursuant to such Non-Stock Dividenddistributed.

Appears in 2 contracts

Samples: Warrant Agreement (Gothic Energy Corp), Warrant Agreement (Chesapeake Energy Corp)

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Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof and before the Expiration Date the Company shall effect a Non-Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date time for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date such time of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expert) of such securities or other assets so distributed pursuant to such Non-Stock Dividend.

Appears in 1 contract

Samples: Warrant Agreement (Us Concrete Inc)

Certain Other Dividends and Distributions. In case at any time or from time to time after the date hereof the Company shall effect a Non-Stock Dividend (other than any dividend or distribution of any warrants, options or rights referred to in Section 5.1(d)), then, and in each such case, effective immediately after the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such distribution, the number of Warrant Shares into which each Warrant is exercisable shall be adjusted to that number determined by multiplying the number of Warrant Shares into which each Warrant is exercisable immediately prior to the close of business on the date of determination by a fraction, (i) the numerator of which shall be the Current Market Price per Common Share on such date of determination and (ii) the denominator of which shall be such Current Market Price per Common Share Shares minus the portion applicable to one Common Share of the fair market value (as determined in good faith by an Independent Financial Expertthe Board of Directors of the Company) of such securities or other assets so distributed pursuant to such Non-Stock Dividend.

Appears in 1 contract

Samples: Warrant Agreement (Joint Energy Development Investments Lp)

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