Special Dividends. h. If Cybex shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Market Price (calculated with a Time of Determination of the date of such effective date) less any cash and the then fair market value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Market Price and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”"SPECIAL DIVIDEND"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Samples: Warrant Agreement (Advanced Life Sciences Holdings, Inc.)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding (i) a Common Stock Reorganization or and (ii) a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), then the Warrant Holder shall be entitled to a pro-rata share of such Special Dividend as though the Warrant Holder had fully exercised this Warrant immediately prior to the record date for such Special Dividend, and the Company shall pay or distribute such pro-rata share to Warrant Holder when paid or distributed to the holders of the Common Stock, OR the Warrant Holder may at its option decline to accept such payment or distribution in which case the (ax) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Market Price (calculated with a Time of Determination of the date of immediately prior to such effective date) less date MINUS any cash and the then fair market value value, as determined in good faith by the Board of Directors of the Company, of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common StockStock and PLUS the then fair market value, as determined in good faith by the Board of Directors of the Company, of any evidences of indebtedness, securities or property or other assets received by the Company in exchange for such Special Dividend, and the denominator of which shall be such the Market Price immediately prior to such effective date, and (by) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of the Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed to be a distribution by Cybex the Company to the holders of such its Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Samples: Common Stock Purchase Warrant (Kellstrom Industries Inc)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
Appears in 1 contract
Samples: Warrant Agreement (Advanced Life Sciences Holdings, Inc.)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Non-Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Non-Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. No adjustment pursuant to this Section 4.04 shall be made with respect to the declaration or payment of any Restricted Payment (as defined in the Credit Agreement) by the Company in accordance with Section 8.04(a) of the Credit Agreement. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Special Dividends. h. If Cybex Holdings shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex Holdings or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time Value of Determination Holdings per share of the date outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Non-Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Non-Voting Common Stock subject to purchase immediately before such Special special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex Holdings to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock DistributionDistribution and cash dividends payable solely out of earnings or earned surplus), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”"SPECIAL DIVIDEND"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Non-Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Non-Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Samples: Warrant Agreement (Vistacare Inc)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding (i) a Common Stock Reorganization or Reorganization, (ii) a Common Stock Distribution, (iii) quarterly cash dividends paid in the ordinary course of business, or (iv) any purchase, redemption or other acquisition by the Company of shares of Common Stock owned by any individual shareholder owning fewer than 100 shares), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), the (ax) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Market Price (calculated with a Time of Determination of the date of immediately prior to such effective date) date less any cash and the then fair market value value, as determined in good faith by the Board of Directors of the Company, of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such the Market Price immediately prior to such effective date, and (by) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of the Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed to be a distribution by Cybex the Company to the holders of such its Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as an part of such reclassification, a Common Stock Reorganization.
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Samples: Common Stock Purchase Warrant (Objective Communications Inc)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”"SPECIAL DIVIDEND"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Non-Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Non-Voting Common Stock subject to purchase immediately before such Special special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
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Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date Company per share of outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.a
Appears in 1 contract
Samples: Warrant Agreement (Medaphis Corp)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder all or substantially all holders of shares any class of Common Stock Shares evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization Share Reorganization, a Common Share Distribution or a Common Stock Distribution)cash dividend or cash distribution paid out of net profits legally available therefor if the full amount thereof, whether together with the value of other dividends and distributions made substantially concurrently therewith or pursuant to a plan which includes payment thereof, is equivalent to not accompanied by a purchase, redemption or other acquisition more than 5% of shares of Common Stock (the Company's net worth) any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time of Determination Value of the date of Company per outstanding Common Share on such effective date) date less any cash and the then fair market value Fair Market Value of any the evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common StockShare, and the denominator of which shall be such Fair Market Price Value per Common Share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock Shares (other than a change in par value, or from par value to no par value or from no par value value, to par value) into shares of Common Stock Shares and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such its Common Stock Shares of such shares of such other class of stock and, if the outstanding shares of Common Stock Shares shall be changed into a larger or smaller number of shares of Common Stock Shares as part of such reclassification, a Common Stock Share Reorganization.
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Special Dividends. h. If Cybex Compscript shall issue or distribute to any holder all or substantially all holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex Compscript or any cash, property or other assets assets, and if such issuance or distribution does not constitute a regular cash dividend out of surplus or net profits legally available therefor (excluding determined in accordance with generally accepted accounting principles, consistently applied) or a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price number of Option Shares issuable upon exercise of the Option shall be increased (but not decreased), effective immediately after the effective record date at which the holders of shares of Common Stock are determined for purposes of such Special Dividend, to a number determined by multiplying the number of Option Shares issuable upon exercise immediately before such Special Dividend by a fraction, the numerator of which shall be the Fair Market Value per share of outstanding Common Stock on such record date and the denominator of which shall be the Fair Market Value per share of outstanding Common Stock of Compscript on such record date less the then Fair Market Value of the evidences of indebtedness, securities, cash, or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and (b) the Exercise Price shall be decreased (but not increased) to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Market Price (calculated with a Time of Determination of the date of such effective date) less any cash and the then fair market value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Market Price and (b) the number of shares of Voting Common Stock subject to purchase Option Shares issuable upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect Option immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect number of Option Shares issuable upon exercise of the Option immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into If Compscript repurchases shares of Common Stock for a per share consideration which exceeds the Fair Market Value (as calculated immediately prior to such repurchase), then the number of Option Shares issuable upon exercise of the Option and shares of any other class of stock the Exercise Price shall be deemed adjusted in accordance with the foregoing provisions, as if, in lieu of such repurchases, Compscript had distributed a distribution by Cybex Special Dividend having a Fair Market Value equal to the holders Fair Market Value of such Common Stock of such shares of such other class of stock and, if all property and cash expended in the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganizationrepurchases.
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Special Dividends. h. If Cybex Avatech shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex Avatech or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “"Special Dividend”"), (a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Fair Market Price (calculated with a Time Value of Determination Avatech per share of the date outstanding Common Stock as of such effective date) date less any cash and the then fair market value Fair Market Value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Fair Market Price Value per share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex Avatech to the holders of such Common Stock stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
Appears in 1 contract
Samples: Warrant Agreement (Planetcad Inc)
Special Dividends. h. If Cybex the Company shall issue or distribute to any holder or holders of shares of Common Stock evidences of indebtedness, any other securities of Cybex the Company or any cash, property or other assets (excluding a Common Stock Reorganization or a Common Stock Distribution), whether or not accompanied by a purchase, redemption or other acquisition of shares of Common Stock (any such nonexcluded event being herein called a “Special Dividend”), .
(a) the Exercise Price shall be decreased, effective immediately after the effective date of such Special Dividend, to a price determined by multiplying the Exercise Price then in effect by a fraction, the numerator of which shall be the Market Price (calculated with a Time per share of Determination of the date Common Stock as of such effective date) date less any cash and the then fair market value of any evidences of indebtedness, securities or property or other assets issued or distributed in such Special Dividend with respect to one share of Common Stock, and the denominator of which shall be such Market Price per share and (b) the number of shares of Voting Common Stock subject to purchase upon exercise of this Warrant shall be increased to a number determined by multiplying the number of shares of Voting Common Stock subject to purchase immediately before such Special Dividend by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such Special Dividend and the denominator of which shall be the Exercise Price in effect immediately after such Special Dividend. A reclassification of Common Stock (other than a change in par value, or from par value to no par value or from no par value to par value) into shares of Common Stock and shares of any other class of stock shall be deemed a distribution by Cybex the Company to the holders of such Common Stock of such shares of such other class of stock and, if the outstanding shares of Common Stock shall be changed into a larger or smaller number of shares of Common Stock as part of such reclassification, a Common Stock Reorganization.
Appears in 1 contract
Samples: Warrant Agreement (Perini Corp)