Common use of Preferred Stock Anti-Dilution Clause in Contracts

Preferred Stock Anti-Dilution. Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section 11(b) and Section 11(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest hundred-thousandths) obtained by (i) multiplying (x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such adjustment of such Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of such Purchase Price.

Appears in 3 contracts

Samples: Rights Agreement (Chembio Diagnostics, Inc.), Rights Agreement (Chembio Diagnostics, Inc.), Rights Agreement (InspireMD, Inc.)

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Preferred Stock Anti-Dilution. Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section Sections 11(b) and Section 11(c(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest hundredone-thousandthsmillionth) obtained by (i) multiplying (x) the number of one onetwo-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such adjustment of such the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of such the Purchase Price.

Appears in 3 contracts

Samples: Rights Agreement (Sizeler Property Investors Inc), Rights Agreement (Parkway Properties Inc), Rights Agreement (Eastgroup Properties Inc)

Preferred Stock Anti-Dilution. Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section Sections 11(b) and Section 11(c(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest hundredone-thousandthsmillionth) obtained by (i) multiplying (x) the number of one one-two- thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such adjustment of such the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of such the Purchase Price.

Appears in 2 contracts

Samples: Rights Agreement (Sizeler Property Investors Inc), Rights Agreement (Sizeler Property Investors Inc)

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Preferred Stock Anti-Dilution. Unless the Company shall have exercised its election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section 11(b) and Section 11(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a share of Preferred Stock (calculated to the nearest hundredone-thousandthsmillionth) obtained by (i) multiplying (x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such adjustment of such the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of such the Purchase Price.

Appears in 1 contract

Samples: Rights Agreement (Cellstar Corp)

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