Common use of Common Stock Dividends Clause in Contracts

Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction to which Section 5.1(f) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall become effective immediately after the opening of business on the day after the date the holders of shares of Common Stock receive such dividend or distribution.

Appears in 6 contracts

Samples: Warrant Agreement (Civitas Resources, Inc.), Warrant Agreement (Civitas Resources, Inc.), Warrant Agreement (Bonanza Creek Energy, Inc.)

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Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction to which Section 5.1(f5.1(g) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall shall, subject to Section 5.1(e)(iv), become effective immediately after the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution.

Appears in 4 contracts

Samples: Warrant Agreement (Denbury Inc), Warrant Agreement (Denbury Inc), Warrant Agreement (Oasis Petroleum Inc.)

Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired in whole or in part, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction to which Section 5.1(f) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall shall, subject to Section 5.1(d)(iv), become effective immediately after the opening of business on the day after the date the holders of shares of Common Stock receive received such dividend or distribution.

Appears in 2 contracts

Samples: Warrant Agreement (Whiting Petroleum Corp), Warrant Agreement (Whiting Petroleum Corp)

Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock payable in, in shares of Common Stock (other than a dividend or distribution upon a Transaction merger or consolidation or sale to which Section 5.1(f5.1(j) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall shall, subject to Section 5.1(h)(iv), become effective immediately after the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution.

Appears in 2 contracts

Samples: Warrant Agreement (Talbots Inc), Warrant Agreement (Talbots Inc)

Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any Warrants remain outstanding and unexpired unexpired, in whole or in part, pay, make or issue to the holders of its Common Stock, or shall fix a record date for the determination of holders of Common Stock to receive, a dividend or distribution payable in, or otherwise pay, make or issue issue, or fix a record date for the determination of holders of Common Stock to receive, a dividend or other distribution on any class of its capital stock equity securities payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction to which Section 5.1(f) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the sum of (A) the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus (B) the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall shall, subject to Section 5.1(d)(iv), become effective immediately after the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (Audacy, Inc.)

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Common Stock Dividends. In the event the Company Parent shall, at any time or from time to time after the Original Issue Date while any Warrants the Securities remain outstanding and unexpired in whole or in partOutstanding, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock Equity Interests payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction merger or consolidation or sale to which Section 5.1(f) 11.10 applies), then and in each such event the Exercise Conversion Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Conversion Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b11.4(b) shall shall, subject to Section 11.4(h)(iv), become effective immediately after the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution.

Appears in 1 contract

Samples: Indenture (Texas Petrochemicals Lp)

Common Stock Dividends. In the event the Company shall, at any time or from time to time after the Original Issue Date while any the Warrants remain outstanding and unexpired in whole or in part, make or issue to the holders of its Common Stock a dividend or distribution payable in, or otherwise make or issue a dividend or other distribution on any class of its capital stock payable in, shares of Common Stock (other than a dividend or distribution upon a Transaction transaction to which Section 5.1(f5.1(c) applies), then and in each such event the Exercise Price in effect at the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution shall be decreased by multiplying such Exercise Price by a fraction (not to be greater than 1): (i) the numerator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination; and (ii) the denominator of which shall be the total number of shares of Common Stock issued and outstanding at the close of business on such date for determination plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Any adjustment under this Section 5.1(b) shall become effective immediately after the opening of business on the day after the date for the determination of the holders of shares of Common Stock entitled to receive such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (AFG Holdings, Inc.)

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