Common use of Equity Dividends, Restructurings and Reclassifications Clause in Contracts

Equity Dividends, Restructurings and Reclassifications. If Company at any time and/or from time to time (a) declares or pays a dividend on outstanding Capital Stock in shares of Capital Stock or other securities, or (b) subdivides outstanding shares of Common Stock, or (c) combines outstanding shares of Common Stock into a smaller number of shares, or (d) issues by reclassification of the Common Stock other securities of Company (including any such reclassification in connection with a merger, consolidation or other business combination in which 8 - Warrant Agreement Company is the surviving entity), then the number and kind of Warrant Shares purchasable upon exercise of each Warrant and the applicable Exercise Price therefor shall be adjusted so that Holder upon exercise of such Warrant shall be entitled to receive (for the same aggregate Exercise Price) the aggregate number and kind of Warrant Shares or other securities of Company that Holder would have owned or would have been entitled to receive after the occurrence of any such event had such Warrant been exercised immediately prior to the occurrence of such event (or, if earlier, any record date with respect thereto).

Appears in 3 contracts

Samples: Warrant Agreement (NBG Radio Network Inc), Warrant Agreement (NBG Radio Network Inc), Warrant Agreement (NBG Radio Network Inc)

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Equity Dividends, Restructurings and Reclassifications. If Company at any time and/or from time to time (a) declares or pays a dividend on outstanding Capital Stock in shares of Capital Stock or other securities, or (b) subdivides outstanding shares of Common Stock, or (c) combines outstanding shares of Common Stock into a smaller number of shares, or (d) issues by reclassification of the Common Stock other securities of Company (including any such reclassification in connection with a merger, consolidation or other business combination in which 8 - Warrant Agreement Company is the surviving entity), then the number and kind of Warrant Shares purchasable upon exercise of each Warrant and the applicable Exercise Price therefor shall be adjusted so that Holder upon exercise of such Warrant shall be entitled to receive (for the same aggregate Exercise Price) the aggregate number and kind of Warrant Shares or other securities of Company that Holder would have owned or would have been entitled to receive after the occurrence of any such event had such Warrant been exercised immediately prior to the occurrence of such event (or, if earlier, any record date with respect thereto).

Appears in 2 contracts

Samples: Option and Warrant Agreement (MCG Finance Corp), Option and Warrant Agreement (NBG Radio Network Inc)

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