When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 3 contracts
Samples: Contingent Warrant Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc), Warrant Agreement (Advanced Lighting Technologies Inc)
When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders stockholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking making of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Good Guys Inc), Lock Up Agreement (Century Business Services Inc)
When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares Stock for the purpose of entitling them to receive a dividend divided or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders stockholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 2 contracts
Samples: Warrant Agreement (Decrane Aircraft Holdings Inc), Warrant Agreement (Decrane Aircraft Holdings Inc)
When Adjustment Not Required. If the Company shall take a record of the holders of its shares of Common Shares Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders thereofsuch distribution, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
Samples: Securities Purchase Agreement (Outsource International Inc)
When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
Samples: Warrant Agreement (Airtech International Group Inc)
When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders stockholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription subscription, or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
When Adjustment Not Required. If the Company Bank shall take a record of the holders of its Common Shares for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders stockholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
When Adjustment Not Required. If the Company shall take a record of the holders of its Common Shares Nonpreferred Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution thereof to shareholders thereofshareholders, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
When Adjustment Not Required. If the Company Corporation shall take a record of the holders of its Common Shares for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights and shall, thereafter and before the distribution to shareholders thereof, legally abandon its plan to pay or deliver such dividend, distribution, subscription or purchase rights, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.
Appears in 1 contract
Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc)
