Common use of When Adjustment Not Required Clause in Contracts

When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION 4.1 would apply, but shall, thereafter and before the distribution to stockholders, 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be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.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 5 contracts

Samples: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Interdent Inc)

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When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Capital Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION 4.1 would apply, but shall, thereafter and before the distribution to stockholders, 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be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.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 4 contracts

Samples: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp)

When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION 4.1 Section 3.1 would apply, but shall, thereafter and before the distribution to stockholders, 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be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled.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: Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Overhill Farms Inc)

When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 would apply, but shall, thereafter and before the distribution to stockholders, 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: Warrant Agreement (Interdent Inc), Warrant Agreement (Interdent Inc), Warrant Agreement (Quiznos Corp)

When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 or Section 4.2 would apply, but shall, thereafter and before the distribution to stockholders, 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 (Levine Leichtman Capital Partners Ii Lp), Warrant Agreement (Levine Leichtman Capital Partners Ii Lp)

When Adjustment Not Required. If the Company fixes a record date of the holders of its shares of Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 would apply, but shall, thereafter and before the distribution to stockholders, 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 (Butler International Inc /Md/), Warrant Agreement (Levine Leichtman Capital Partners Iii Lp)

When Adjustment Not Required. If the Company fixes a record ---------------------------- date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 would apply, but shall, thereafter and before the ----------- distribution to stockholders, 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 (Polyphase Corp)

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When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Stock for the purpose of entitling them to receive a dividend or distribution Distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 would apply, but shall, thereafter and before the distribution Distribution to stockholders, 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.to

Appears in 1 contract

Samples: Warrant Agreement (Catalina Lighting Inc)

When Adjustment Not Required. If the Company fixes a record date of the holders of its Securities or Common Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION 4.1 3.1 or 3.2 would apply, but shall, thereafter and before the distribution to stockholdersstockholders 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 (SSP Solutions Inc)

When Adjustment Not Required. If the Company fixes a record date of the holders of its Common Capital Stock for the purpose of entitling them to receive a dividend or distribution or subscription or purchase rights to which the provisions of SECTION Section 4.1 would apply, but shall, thereafter and before the distribution to stockholders, 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 (Quiznos Corp)

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