Common use of Adjustment for Spin Off Clause in Contracts

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 42 contracts

Samples: Securities Purchase Agreement (Peak Entertainment Holdings Inc), Securities Purchase Agreement (Compuprint Inc), Securities Purchase Agreement (Peak Entertainment Holdings Inc)

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Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 20 contracts

Samples: Securities Purchase Agreement (Terra Energy & Resource Technologies, Inc.), Note Amendment Agreement (Magnolia Solar Corp), Note Amendment Agreement (Magnolia Solar Corp)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 17 contracts

Samples: Isonics Corp, Medix Resources Inc, Medix Resources Inc

Adjustment for Spin Off. If, for any reason, prior to the exercise Conversion or payment of this Warrant Note in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 9 contracts

Samples: Second Note Amendment Agreement (Magnolia Solar Corp), Note Amendment Agreement (Magnolia Solar Corp), Note Amendment Agreement (Magnolia Solar Corp)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 4 contracts

Samples: Warrant Agreement (Lifeline Therapeutics, Inc.), Warrant Agreement (Lifeline Therapeutics, Inc.), Warrant Agreement (Lifeline Therapeutics, Inc.)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or a part substantially all of its assets in a transaction (other than Advance Display Technologies plc) (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders securityholders of the Company, then:

Appears in 3 contracts

Samples: Advance Nanotech, Inc., Advance Nanotech, Inc., Advance Nanotech, Inc.

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations [or disposes all or a part of its assets assets] in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then:

Appears in 2 contracts

Samples: Subscription Agreement (Iconic Brands, Inc.), Common Stock Purchase Warrant (Iconic Brands, Inc.)

Adjustment for Spin Off. If, for any reason, prior to the ------------------------ exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 1 contract

Samples: Stock Purchase Agreement (Biomerica Inc)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes of all or a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 1 contract

Samples: Zapworld Com

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Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, then:

Appears in 1 contract

Samples: Siga Technologies Inc

Adjustment for Spin Off. If, for any reason, prior to the exercise ----------------------- purchase of this Warrant Option in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders holder of the Company, then

Appears in 1 contract

Samples: Stock Purchase Agreement (Biomerica Inc)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another anot her entity (the "Spin Off Securities") to be issued to security holders of the Company, then

Appears in 1 contract

Samples: Securities Purchase Agreement (Computerized Thermal Imaging Inc)

Adjustment for Spin Off. If, for any reason, prior to the exercise ----------------------- purchase of this Warrant Option in full, the Company Corporation spins off or otherwise divests itself of a part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company Corporation does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders holder of the CompanyCorporation, then

Appears in 1 contract

Samples: Stock Purchase Agreement (Biomerica Inc)

Adjustment for Spin Off. If, for any reason, prior to the exercise of this Warrant in full, the Company spins off or otherwise divests itself of a material part of its business or operations or disposes all or of a part of its assets in a transaction (the "Spin Off") in which the Company does not receive compensation for such business, operations or assets, but causes securities of another entity (the "Spin Off Securities") to be issued to security holders of the Company, thencauses

Appears in 1 contract

Samples: Securities Purchase Agreement (Infinium Labs Inc)

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