Common use of Distributions and Adjustments Clause in Contracts

Distributions and Adjustments. If from July 5, 1997 through the Closing Date the Company shall have taken any action which would entitle the holders of Preferred Stock to a distribution or adjustment in accordance with the Certificate of Designation if the Preferred Stock were then outstanding, then the consideration to be received by the Purchasers hereunder shall be appropriately adjusted.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Learning Co Inc), Securities Purchase Agreement (Learning Co Inc), Securities Purchase Agreement (Learning Co Inc)

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Distributions and Adjustments. If from July 5June 30, 1997 1998 through the Closing Date the Company shall have taken any action which would entitle the holders of Preferred Stock to a distribution or adjustment in accordance with the Certificate of Designation if the Preferred Stock were then outstanding, then the consideration to be received by the Purchasers hereunder shall be appropriately adjusted.

Appears in 1 contract

Samples: Securities Purchase Agreement (Firearms Training Systems Inc)

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