Common use of Record Date Adjustments Clause in Contracts

Record Date Adjustments. In any case in which this Paragraph 4 requires that a downward adjustment of the Exercise Price shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (A) issuing to the holder of this Warrant exercised after such record date and before the occurrence of such event the additional Warrant Shares issuable upon such exercise by reason of the adjustment required by such event over and above the Warrant Shares issuable upon such exercise before giving effect to such adjustment and (B) paying to such holder any amount in cash in lieu of a fractional share pursuant to Paragraph 4(i) hereof.

Appears in 6 contracts

Samples: Exercise Agreement (Worldquest Networks Inc), Source Media Inc, Source Media Inc

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Record Date Adjustments. In any case in which this Paragraph 4 Article 2 requires that a downward adjustment of the Exercise Price shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (Aa) issuing to the holder Holder of this Warrant (exercised after such record date and before the occurrence of such event event) the additional Warrant Shares issuable upon such exercise by reason of the adjustment required by such event over and above the Warrant Shares issuable upon such exercise before giving effect to such adjustment and (Bb) paying to such holder Holder any amount in cash in lieu of a fractional share pursuant to Paragraph 4(i) Section 2.8 hereof.

Appears in 3 contracts

Samples: Source Media Inc, Insight Interactive, Source Media Inc

Record Date Adjustments. In any case in which this Paragraph 4 5 requires that a downward adjustment of the Exercise Price shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (AI) issuing to the holder of this Warrant exercised after such record date and before the occurrence of such event the additional Warrant Shares issuable upon such exercise by reason of the adjustment required by such event over and above the Warrant Shares issuable upon such exercise before giving effect to such adjustment and (Bii) paying to such holder any amount in cash in lieu of a fractional share pursuant to Paragraph 4(i5(h) hereof.

Appears in 1 contract

Samples: Stock Purchase (Carrington Laboratories Inc /Tx/)

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Record Date Adjustments. In any case in which this Paragraph 4 Section 11 requires that a downward adjustment of the Exercise Price shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (A) issuing to the holder of this Warrant Holder exercised after such record date and before the occurrence of such event the additional Warrant Shares issuable upon such exercise by reason of the adjustment required by such event over and above the Warrant Shares issuable upon such exercise before giving effect to such adjustment and (B) paying to such holder the Holder any amount in cash in lieu of a fractional share pursuant to Paragraph 4(i) Section 4.3 hereof.

Appears in 1 contract

Samples: International Remote Imaging Systems Inc /De/

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