Common use of Effectiveness of Certain Adjustments Clause in Contracts

Effectiveness of Certain Adjustments. In any case in which this Section 6.3 provides that an adjustment shall become effective immediately after a Record Date for an event, the Company may defer until the occurrence of such event (i) issuing to the Holder in connection with any conversion of this Note after such Record Date and before the occurrence of such event the additional shares of Common Stock issuable upon such conversion by reason of the adjustment required by such event over and above the Common Stock issuable upon such conversion before giving effect to such adjustment and (ii) paying to such holder any amount in cash in lieu of any fraction pursuant to Section 6.2(f).

Appears in 6 contracts

Samples: Note Purchase Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Emagin Corp

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Effectiveness of Certain Adjustments. In any case in which this Section 6.3 6(c) provides that an adjustment shall become effective immediately after a Record Date for an event, the Company may defer until the occurrence of such event (i) issuing to the Holder in connection with any conversion of this Note after such Record Date and before the occurrence of such event the additional shares of Common Stock issuable upon such conversion by reason of the adjustment required by such event over and above the Common Stock issuable upon such conversion before giving effect to such adjustment and (ii) paying to such holder the Holder any amount in cash in lieu of any fraction pursuant to Section 6.2(f6(b)(6).

Appears in 4 contracts

Samples: Purchase Agreement (Zix Corp), Insmed Inc, Purchase Agreement (Zix Corp)

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