Common use of Adjustment for Other Dividends and Distributions Clause in Contracts

Adjustment for Other Dividends and Distributions. In the event the Company at any time or from time to time shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant shall receive upon exercise of this Warrant the amount of securities of the Company that it would have received had this Warrant been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, giving application to all other adjustments called for during such period under this Section 3 with respect to the rights of the holder of this Warrant.

Appears in 4 contracts

Samples: Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc

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Adjustment for Other Dividends and Distributions. In the event the Company ------------------------------------------------ at any time or from time to time shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant shall receive upon exercise of this Warrant the amount of securities of the Company that it would have received had this Warrant been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, giving application to all other adjustments called for during such period under this Section 3 with respect to the rights of the holder of this Warrant.

Appears in 2 contracts

Samples: Integrated Business Systems & Services Inc, Integrated Business Systems & Services Inc

Adjustment for Other Dividends and Distributions. In the event the Company at any time or from time to time after the date hereof shall make or issue, issue or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant Registered Holder shall receive upon exercise of this a Class A Warrant in addition to the number of shares of Common Stock receivable thereupon, the amount of such other securities of the Company that it would have received had this the Class A Warrant been converted into Common Stock exercised on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, period giving application to all other adjustments called for during such period under this Section 3 Agreement with respect to the rights of the holder of this WarrantRegistered Holder.

Appears in 1 contract

Samples: Class a Warrant Agreement (Sportstrac Systems Inc)

Adjustment for Other Dividends and Distributions. In the event the Company ------------------------------------------------- at any time or from time to time shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant shall receive upon exercise of this Warrant the amount of securities of the Company that it would have received had this Warrant been converted into Common Stock on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, giving application to all other adjustments called for during such period under this Section 3 with respect to the rights of the holder of this Warrant.

Appears in 1 contract

Samples: Integrated Business Systems & Services Inc

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Adjustment for Other Dividends and Distributions. In the event the Company at any time or from time to time after the date hereof shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant Holder shall receive upon exercise of this Warrant Certificate in addition to the number of shares of Common Stock receivable thereupon, the amount of securities of the Company that it would have received had this Warrant Certificate been converted into Common Stock exercised on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, period giving application to all other adjustments called for during such period under this Section 3 Warrant Certificate with respect to the rights of the holder of this WarrantHolder.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Kideo Productions Inc)

Adjustment for Other Dividends and Distributions. In the event the Company at any time or from time to time after the date hereof shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event provision shall be made so that the holder of this Warrant Registered Holder shall receive upon exercise of this a Warrant in addition to the number of shares of Common Stock receivable thereupon, the amount of such other securities of the Company that it would have received had this the Warrant been converted into Common Stock exercised on the date of such event and had thereafter, during the period from the date of such event to and including the exercise date, retained such securities receivable by it as aforesaid during such period, period giving application to all other adjustments called for during such period under this Section 3 Agreement with respect to the rights of the holder of this WarrantRegistered Holder.

Appears in 1 contract

Samples: Class a Warrant Agreement (Walnut Financial Services Inc)

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