Common use of Dividend and Distribution Dilution Clause in Contracts

Dividend and Distribution Dilution. If any dividend, distribution or payment (whether as cash or other assets of Company) is made after the date hereof with respect to any Capital Stock or other equity securities of Company, other than dividends appropriately covered under Clause "a" above, then Company (concurrently with the payment thereof) shall make a corresponding proportionate distribution or payment to each Holder of Warrants and/or Warrant Shares equal to such Holder's percentage ownership of Company's outstanding Capital Stock (but, for such purposes, treating all Warrants as though they had then been exercised). Notwithstanding the foregoing, Company shall not be obligated to make any such distribution or payment to a Holder (and no Holder shall be entitled to receive such distribution or payment) to the extent that such Holder otherwise receives actual payment of the corresponding dividend or distribution as a holder of Warrant Shares in such class of equity security.