Common use of Postponement of Subscription Clause in Contracts

Postponement of Subscription. In any case in which this Article 5 shall require that an adjustment shall be effective immediately after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such an event: (a) issuing to the holder of any Warrant exercised after such record date and before the occurrence of such event, the additional Common Shares issuable upon such exercise by reason of the adjustment required by such event; and (b) delivering to such holder any distributions declared with respect to such additional Common Shares after such Exercise Date and before such event, provided, however, that the Corporation shall deliver or cause to be delivered to such holder, an appropriate instrument evidencing such holder’s right, upon the occurrence of the event requiring the adjustment, to an adjustment in the Exercise Price or the number of Common Shares purchasable on the exercise of any Warrant and to such distributions declared with respect to any additional Common Shares issuable on the exercise of any Warrant.

Postponement of Subscription. In any case in which this Article 5 article five shall require that an adjustment shall be effective immediately after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such an event: (a) issuing to the holder of any Warrant exercised after such record date and before the occurrence of such event, the additional Common Shares or other securities issuable upon such exercise by reason of the adjustment required by such event; and (b) delivering to such holder any distributions declared with respect to such additional Common Shares after such Exercise Date exercise date and before such event, ; provided, however, that the Corporation shall deliver or cause to be delivered to such holder, holder an appropriate instrument evidencing such holder’s 's right, upon the occurrence of the event requiring the adjustment, to an adjustment in the Exercise Price or the number of Common Shares purchasable on the exercise of any Warrant and to such distributions declared with respect to any additional Common Shares issuable on the exercise of any Warrant.

Postponement of Subscription. In any case in which this Article 5 Six shall require that an adjustment shall be effective immediately after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such an event: (a) issuing to the holder of any Warrant Warrant, to the extent that Warrants are exercised after such record date and before the occurrence of such event, the additional Common Shares or other securities issuable upon such exercise by reason of the adjustment required by such event; and (b) delivering to such holder any distributions distribution declared with respect to such additional Common Shares or other securities after such Exercise Date exercise date and before such event, ; provided, however, that the Corporation shall deliver or cause to be delivered to such holder, holder an appropriate instrument evidencing the right of such holder’s right, holder upon the occurrence of the event requiring the adjustment, to an adjustment in the Exercise Price or the number of Common Shares purchasable on the exercise of any Warrant and to such distributions declared with respect to any additional Common Shares issuable on the exercise of any Warrant.

Postponement of Subscription. In any case in which this Article 5 Section shall require that an adjustment shall be effective immediately after a record date for an event referred to herein, the Corporation Company may defer, until the occurrence of such an event: (a) issuing to the holder of any Warrant exercised after such record date and before the occurrence of such event, the additional shares of Common Shares Stock issuable upon such exercise by reason of the adjustment required by such event; and (b) delivering to such holder any distributions declared with respect to such additional shares of Common Shares Stock after such Exercise Date exercise date and before such event, ; provided, however, that the Corporation Company shall deliver or cause to be delivered to such holder, holder an appropriate instrument evidencing such holder’s 's right, upon the occurrence of the event requiring giving rise to the adjustment, to an adjustment in the Exercise Warrant Price or the number of shares of Common Shares Stock purchasable on the exercise of any Warrant and to such distributions distribution declared with respect to any additional shares of Common Shares issuable Stock purchasable on the exercise of any Warrant.