Common use of Effective Date of Adjustment Clause in Contracts

Effective Date of Adjustment. Subject as provided below, such adjustment shall become effective immediately after the latest date for the submission of applications for such Shares by stockholders entitled to the same pursuant to such rights or (if later) immediately after the Company fixes the said consideration but retroactively to immediately after the record date mentioned above.

Effective Date of Adjustment. Subject as provided below, such adjustment shall become effective (i) where no applications for such warrants or options are required from stockholders entitled to the same, upon their issue and (ii) where applications by stockholders entitled to the same are required as aforesaid, immediately after the latest date for the submission of such applications for such Shares by stockholders entitled to the same pursuant to such rights or (if later) immediately after the Company fixes the said consideration but in all cases retroactively to immediately after the record date mentioned above.