Common use of Adjustments to Common Stock Clause in Contracts

Adjustments to Common Stock. The Common Stock or other consideration into which the Warrant Stock may be converted shall be subject to the adjustments set forth in Section 3 of the Certificate of Designation as if such Warrant Stock had been outstanding since the Preferred Stock Issue Date (as defined in the Certificate of Designation). Notwithstanding the foregoing, no single event shall give rise to more than one such adjustment or entitle the Holder to a larger amount of Common Stock than such Holder would have received had it exercised this Warrant immediately and converted the Warrant Stock immediately following the time of the adjustment set forth in the immediately preceding sentence, or entitle the Holder to any dividends on the Common Stock for any periods prior to such exercise and conversion.

Appears in 2 contracts

Sources: Warrant Agreement (Equity Marketing Inc), Warrant Agreement (Equity Marketing Inc)

Adjustments to Common Stock. The Common Stock or other consideration into which the Warrant Stock may be converted shall be subject to the adjustments set forth in Section 3 of the Certificate of Designation as if such Warrant Stock had been outstanding since the Preferred Stock Issue Date (as defined in the Certificate of Designation). Notwithstanding the foregoing, no single event shall give rise to more than one such adjustment or entitle the Holder to a larger amount of Common Stock than such Holder would have received had it exercised this Warrant immediately and converted the Warrant Stock immediately following the time of the adjustment set forth in the immediately preceding sentence, sentence or entitle the Holder to any dividends on the Common Stock for any periods prior to such exercise and conversion.

Appears in 1 contract

Sources: Warrant Agreement (Cyrk Inc)