Common use of Stock Dividends and Other Distributions Clause in Contracts

Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in Sections 13(a) and 13(b)), of Common Stock, then the Exercise Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Marketing Worldwide Corp), Common Stock Purchase Warrant (ERF Wireless, Inc.)

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Stock Dividends and Other Distributions. If the Company at any --------------------------------------- time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in Sections 13(athe foregoing sub-paragraphs (a) and 13(b(b)), ) of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Warrant Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Loan and Security Agreement (QMS Inc)

Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, Stock or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in Sections 13(aSection 4(a) and 13(b)), or Section 4(b) hereof) of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders stockholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise then applicable Warrant Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (Med Diversified Inc)

Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in the foregoing Sub Sections 13(a(a) and 13(b(b)), ) of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Warrant Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (Gensia Inc)

Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution of Common Stock with respect to Common Stock which does not require the holder to pay any consideration prior to receiving such distribution of Common Stock (except any distribution specifically provided for in Sections 13(a4(a) and 13(b4(b)), of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distributiondistribution becomes effective, to that price determined by multiplying the Exercise Warrant Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (Integrated Packaging Assembly Corp)

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Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in Sections 13(athe foregoing sub-paragraphs (a) and 13(b(b)), ) of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Warrant Price in effect immediately prior to `such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and mid (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Securities Issuance Agreement (Epresence Inc)

Stock Dividends and Other Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall (i) pay a dividend with respect to the Common Stock payable in Common Stock, or (ii) make any other distribution with respect to Common Stock (except any distribution specifically provided for in Sections 13(a4(a) and 13(b4(b)), of Common Stock, then the Exercise Warrant Price shall be adjusted, from and after the date of determination of shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Warrant Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of shares of Common Stock outstanding immediately after such dividend or distribution.

Appears in 1 contract

Samples: Warrant Agreement (Zapme Corp)

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