Common use of Certain Distributions Clause in Contracts

Certain Distributions. In case the Company shall at any time or --------------------- from time to time distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company or another Person or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoing, then, and in each such case, the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 4 contracts

Samples: Prime Response Group Inc/De, Prime Response Inc/De, Prime Response Group Inc/De

AutoNDA by SimpleDocs

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the full exercise of all Annual Allotments, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by multiplying the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 4 contracts

Samples: Proxymed Inc /Ft Lauderdale/, Proxymed Inc /Ft Lauderdale/, Proxymed Inc /Ft Lauderdale/

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, prior to exercise of this Warrant, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.12, any distribution in connection with a Permitted Issuance and any Liquidating Dividend) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Exercise Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Exercise Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Company if the holder of shares this Warrant would otherwise be entitled to receive such rights or warrants upon exercise at any time of Warrants into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 4 contracts

Samples: Exercise Agreement (SoftBrands, Inc.), Exercise Agreement (SoftBrands, Inc.), Exercise Agreement (Abry Mezzanine Partners Lp)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company or another Person or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoing, then, and in each such case, (A) the Warrant Share ---- Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by and (B) the number of shares of Common Stock outstanding Exercise Price in effect immediately prior to such distributionrecord date shall be decreased (and any other appropriate actions shall be taken by the Corporation) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of the Common Stock less the then Fair Market Value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such subscription rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock on the record date referred to below (such decreased Exercise Price, the "Adjusted Exercise Price"). Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 4 contracts

Samples: Prime Response Inc/De, Prime Response Group Inc/De, Prime Response Inc/De

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 3 contracts

Samples: General Atlantic Partners LLC, Proxymed Inc /Ft Lauderdale/, Proxymed Inc /Ft Lauderdale/

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of shares of Series F Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding cash dividends in which holders of shares of Series F Preferred Stock participate, in the manner provided in Section 3, dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(d) and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series F Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series F Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 2 contracts

Samples: Stockholder Agreement (Tickets Com Inc), Stock Purchase Agreement (Tickets Com Inc)

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of shares of Series E Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding cash dividends in which holders of shares of Series E Preferred Stock participate, in the manner provided in Section 3(b) of this Article V.C above; dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) of Article V.C; and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, then and in each such case, the Warrant Share Number ---- Series E Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Series E Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series E Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series E Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 2 contracts

Samples: Shareholders Agreement (General Atlantic LLC), Agreement and Plan of Merger (Critical Path Inc)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person entity and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.16.1) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (i) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (x) the numerator of which shall be the Fair Market Value of Common Stock immediately prior to the date of distribution less the then fair market value (in the case of distributions other than cash, as determined by a majority of the members of the Board of Directors of the Company) of the portion of the cash, evidences of indebtedness, securities, other assets or rights so distributed or of such rights or warrants applicable to one share of Common Stock and (y) the denominator of which shall be the Fair Market Value of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (ii) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (ix) the numerator of which shall be the Current Fair Market Price Value of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (iiy) the denominator of which shall be the Current Fair Market Price Value of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (in the case of distributions other than cash, as determined by a majority of the members of the Board of Directors of the Company) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 2 contracts

Samples: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.), Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made as a rights offering or in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the number of Warrant Share Number ---- Shares issuable hereunder shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 2 contracts

Samples: Dreamlife Inc, Dreamlife Inc

Certain Distributions. In case the Company shall at any time or --------------------- from time to time distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company or another Person or other assets (including cash dividends but excluding distributions paid or made to holders of shares of Common Stock upon the voluntary or involuntary liquidation, dissolution or winding up of the Company and dividends payable in shares of Common Stock for which adjustment is made under Section 5.17.1(a)) or rights or warrants to subscribe for or purchase the foregoingforegoing (excluding distributions for which adjustment is made under Section 7.1(a)), then, and in each such case, the number of Warrant Share Number ---- Shares to be delivered to the Warrantholder upon exercise of this Warrant shall be increased by being multiplied by a fraction (i) so that the numerator of which Warrantholder thereafter shall be entitled to receive the Current Market Price number of one share Warrant Shares determined by multiplying the number of Common Stock Warrant Shares such Warrantholder would have been entitled to receive immediately prior to before the record date for the distribution of such cash, evidences of indebtedness, securitiessecurities or other assets, other assets or rights or warrants had the Warrantholder exercised the Warrant immediately prior thereto (determined as if the Company effected no further redemptions of Series B Preferred Stock and (iimaking all appropriate adjustments to Schedule 1) by a fraction, the numerator of which shall be the Current Market Price per Warrant Share immediately prior to such record date and the denominator of which shall be the Current Market Price of one share of Common Stock per Warrant Share immediately prior to such record date less minus the then Fair Market Value of the portion of such cash, evidences of indebtedness, securities, securities or other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distributiondistributed.

Appears in 2 contracts

Samples: Stockholders Agreement (Eclipsys Corp), Stockholders Agreement (Eclipsys Corp)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock or Common Stock Equivalents (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is or Common Stock Equivalents are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Class A Common Stock immediately prior to the date of distribution less the then fair market value (as determined in good faith by the Board of Directors (provided, that the Board of Directors shall send a written notice to the Majority Warrantholders detailing the methodology of such determination, and, unless such determination has been approved by a Crestview Director, the Majority Warrantholders shall have the right to object to such determination within ten (10) Business Days of receipt of such notice) and if the Majority Warrantholders object, at the Company’s expense by an appraiser chosen by the Board of Directors and reasonably acceptable to the Majority Warrantholders) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock or Common Stock Equivalent and (ii) the denominator of which shall be the Current Market Price of one share of Class A Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Class A Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Class A Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined in good faith by the Board of Directors (provided, that the Board of Directors shall send a written notice to the Majority Warrantholders detailing the methodology of such determination, and, unless such determination has been approved by a Crestview Director, the Majority Warrantholders shall have the right to object to such determination within ten (10) Business Days of receipt of such notice) and if the Majority Warrantholders object, at the Company’s expense by an appraiser chosen by the Board of Directors and reasonably acceptable to the Majority Warrantholders) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number or of shares such rights or warrants applicable to one share of Common Stock outstanding immediately prior to such distributionor Common Stock Equivalent. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Cumulus Media Inc

Certain Distributions. In case If the Company shall shall, at any time or --------------------- from time to time time, after the date hereof, distribute to all the holders of shares of any class of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the such Common Stock is not changed or exchanged) ), cash, evidences of indebtedness of the Company or another Personissuer, securities Equity Securities of the Company or securities of another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase Equity Securities of the foregoingCompany (excluding those distributions in respect of which an adjustment in the Number Issuable or Exercise Price is made pursuant to Sections 3.2 or 3.3, distributions in which the Holders of the Warrants are entitled to receive such distributions and any distribution in connection with an Excluded Transaction), then, and in each such case, (A) the Exercise Price payable upon exercise of each Warrant Share Number ---- then issued and outstanding or that is subsequently issued under Section 2.1 shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Exercise Price in effect immediately prior to the date of such distribution by a fraction (iwhich fraction shall not be greater than one) (x) the numerator of which shall be the Current Market Price of one Value per share of such Common Stock immediately prior to the record date for of distribution minus the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed applicable to one share of such Common Stock, and (y) the denominator of which shall be the Current Market Value per share of such Common Stock immediately prior to the ex-dividend date of distribution, and (B) the Number Issuable shall be increased by multiplying the Number Issuable immediately prior to the date of such distribution by a fraction (which fraction shall not be less than one), (x) the numerator of which shall be the Current Market Value per share of such Common Stock immediately prior to the record date for such distribution and (ii) the denominator of which shall be the Current Market Price of one Value per share of such Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares applicable to one share of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Warrant and Investors Rights Agreement (Pegasus Communications Corp /)

Certain Distributions. In Except as provided above in Section 3(a), in case the Company shall at any time or --------------------- from time to time while this Warrant is outstanding distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Company, any subsidiary or another Personissuer, securities of the Company (including Convertible Securities), any subsidiary or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.13 and any distribution in connection with an Exempted Issuance) or rights or warrants Options to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Exercise Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Warrant Exercise Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Weighted Average Price of one share of the Common Stock for the five (5) consecutive Trading Days immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties with the concurrence of the holders of at least a majority of the Warrants then outstanding) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or rights or warrants of such Options to subscribe applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Weighted Average Price of one share of the Common Stock for the five (5) consecutive Trading Days immediately prior to the date of distribution (but such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributionfraction shall not be greater than one). Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Purchase Common Stock (Cellteck Inc.)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the 1818 Common Stock Purchase Warrant Exercise Price in effect immediately prior to the date of distribution shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares applicable to one share of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Vaalco Energy Inc /De/

Certain Distributions. In Notwithstanding that no shares of Series F Preferred Stock may be outstanding, in case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Series F Preferred Stock or all holders of shares of Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Series F Preferred Stock and shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Series F Preferred Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of Series F Preferred Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Series F Preferred Stock and (ii) the denominator of which shall be the Current Market Price of the Series F Preferred Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Series F Preferred Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Series F Preferred Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Critical Path Inc

Certain Distributions. In case the Company shall at any time or --------------------- from time to time while this Warrant is outstanding distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Company, any subsidiary or another Personissuer, securities of the Company (including Convertible Securities), any subsidiary or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.13 and any distribution in connection with an Exempted Issuance) or rights or warrants Options to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Exercise Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Warrant Exercise Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Weighted Average Price of one share of the Common Stock for the five (5) consecutive Trading Days immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties with the concurrence of the holders of at least a majority of the Warrants then outstanding) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or rights or warrants of such Options to subscribe applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Weighted Average Price of one share of the Common Stock for the five (5) consecutive Trading Days immediately prior to the date of distribution (but such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributionfraction shall not be greater than one). Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: EV Transportation, Inc.

Certain Distributions. In case Subject to the Company shall proviso set forth below, if at any time the Company grants, issues or --------------------- from time sells options, convertible securities, or rights to time distribute purchase Capital Stock, warrants or other securities pro rata to all the record holders of shares of its any Common Stock (including the "DISTRIBUTION RIGHTS") or, without duplication, makes any such distribution made in connection with a merger dividend or consolidation in which the Company is the resulting or surviving Person and the otherwise makes any distribution, including, subject to applicable law, pursuant to any plan of liquidation ("DISTRIBUTION") on Common Stock is not changed or exchanged) (whether in cash, property, evidences of indebtedness of or otherwise), then the Company shall grant, issue, sell or another Person, securities make to each registered holder of the Company or another Person or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoing, then, and in each such caseWarrants then outstanding, the Warrant Share Number ---- shall be increased by being multiplied by a fraction aggregate Distribution Rights or Distribution, as the case may be, which such holder would have acquired if such holder had held the maximum number of Shares acquirable upon complete exercise of such holder's Warrants (iwithout giving effect to the Cashless Exercise option) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to before the record date for the distribution grant, issuance or sale of such cashDistribution Rights or Distribution, evidences of indebtednessas the case may be, securitiesor, other assets or rights or warrants and (ii) if there is no such record date, the denominator date as of which shall be the Current Market Price of one share record holders of Common Stock immediately prior are to such record date less be determined for the Fair Market Value of the portion grant, issue or sale of such cashDistribution Rights or Distribution, evidences as the case may be; PROVIDED that the Company shall not have to grant, issue, sell or make any Distribution Rights or Distribution in respect of indebtedness, securities, other assets any Warrants until such time as the applicable Warrant is released pursuant to the Warrant Escrow Agreement. The Company covenants not to (x) cause or rights suffer to exist any restriction or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively any agreement that would not allow the Company to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; providedgrant, -------- howeverissue, that no adjustment shall be made sell or make Distribution Rights or Distributions with respect to any distribution of ------- rights to purchase securities the Warrants or the Shares from and after the release of the Company if Warrants pursuant to the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever Warrant Escrow Agreement, other than any such distribution is made and shall become effective retroactively restriction or agreement affecting all shares of the Common Stock equally, or (y) do anything that would frustrate the Company's ability to grant, issue, sell or make Distribution Rights or Distributions with respect to the date immediately following Warrants or the close Shares equally with other shares of business on the record date for Common Stock from and after the determination release of shareholders entitled the Warrants pursuant to receive such distributionthe Warrant Escrow Agreement.

Appears in 1 contract

Samples: Warrant Agreement (Transtechnology Corp)

Certain Distributions. In case If the Company shall at any time or --------------------- from time to time distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company or another Person or other assets (excluding dividends payable in shares of Common Stock notes or other evidence of indebtedness or assets (other than cash dividends not in excess of the Company's earnings for which adjustment is made under Section 5.1the immediately preceding fiscal year) or rights Options or warrants to subscribe for or purchase the foregoingConvertible Securities, then, and then in each such case, case the Warrant Share Number ---- number of Shares of Common Stock thereafter obtainable upon the exercise of the Purchase Rights shall be increased determined by being multiplied multiplying the number of Shares theretofore obtainable upon such exercise by a fraction (i) fraction, of which the numerator of which shall be the Current then current Market Price per share of Common Stock on the date of such distribution, and of which the denominator shall be the then current Market Price per share of Common Stock, less the then current Market Price of the portion of the assets, notes or other evidence of indebtedness so distributed or of such Options or Convertible Securities applicable to one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made made, and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled distribution retroactive to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution. In the event of a distribution by the Company to all holders of its shares of Common Stock of stock of a Subsidiary or securities convertible into or exercisable for such stock, then in lieu of an adjustment in number of Shares of Common Stock acquirable upon the exercise of the Purchase Rights, the Registered Holder of this Warrant, upon the exercise thereof at any time after such distribution, shall be entitled to receive from the Company, such Registered Subsidiary, or both, as the Company shall determine, the stock or other securities to which such Registered Holder would have been entitled if such Registered Holder had exercised the Purchase Rights immediately prior thereto.

Appears in 1 contract

Samples: Stock Purchase and Investment Agreement (Interactive Network Inc /Ca)

Certain Distributions. In case the Company shall at any --------------------- time or --------------------- from time to time distribute to all holders of shares of its Common Voting Stock or Non-Voting Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company or another Person or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoing, then, and ---- in each such case, (A) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by and (B) the number of shares of Common Stock outstanding Exercise Price in effect immediately prior to such distributionrecord date shall be decreased (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of the Common Stock less the then Fair Market Value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such subscription rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock on the record date referred to below (such decreased Exercise Price, the "Adjusted Exercise Price"). Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrantsuch. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Stockholders Agreement (Synapse Group Inc)

Certain Distributions. In case If the Company shall at any time while this Warrant, or --------------------- from time any portion thereof, remains outstanding and unexpired shall declare a dividend or otherwise make a distribution to time distribute to all the holders of shares of its Common Stock and not to the holder of this Warrant (other than dividends, distributions or issuances referred to in Section 4(a), Section 4(b), Section 4(d), and Section 4(e)), in the form of: (1) cash or other property; (2) any evidence of indebtedness, any shares of its capital stock or any other securities or property of any nature whatsoever (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company a subsidiary), or another Person (3) any warrants or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoingany evidences of indebtedness, thenany shares of its capital stock, and in each such caseor any other securities or property of any nature whatsoever (including securities of a subsidiary), then the Warrant Share Number ---- Price shall be increased adjusted by being multiplied multiplying the Warrant Price in effect immediately prior to the record date for such event by a fraction (iA) the numerator of which shall be the Current Market Price fair market value per share of Common Stock on such record date (determined in accordance with Section 4(g) below), less the amount allocated to one share of Common Stock immediately prior to of any such cash so distributed and the record date for the distribution fair value (determined in accordance with Section 4(g) below), of such cash, any evidences of indebtedness, securitiesshares of capital stock, other assets securities or rights property, or warrants or other subscriptions or purchase rights so distributed, and (iiB) the denominator of which shall be the Current Market Price of one such fair market value per share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution(determined in accordance with Section 4(g) below). Such adjustment shall be made successively whenever any such a record date is fixed; and in the event that such distribution is made and not so made, the Warrant Price shall become effective retroactively again be adjusted to a date immediately following be the close of business on the Warrant Price which would then be in effect if such record date for the determination of stockholders entitled to receive had not been fixed, but such distribution; provided, -------- however, that no subsequent adjustment shall be made with respect to not affect the number of Warrant Shares issued upon any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively Warrant prior to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distributionsubsequent adjustment was made.

Appears in 1 contract

Samples: Neotherapeutics Inc

Certain Distributions. In case If the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company (other than Common Stock) or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1another paragraph of this SECTION 5) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Warrant Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock as of the date of business on the Business Day immediately prior to the announcement of such distribution (or, if no such announcement is made, the record date for the distribution determination of the stockholders entitled to receive such distribution) less the then fair market value (as determined in good faith by the Board of Directors) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date determined pursuant to clause (x) above (but such record date less the Fair Market Value of the portion of such cashfraction shall not be greater than one); PROVIDED, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- howeverHOWEVER, that no adjustment shall be made with respect to any distribution of ------- rights or warrants to subscribe for or purchase securities of the Company if the Warrantholder Holder would otherwise be entitled to receive such rights or warrants upon the exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders stockholders entitled to receive such distribution).

Appears in 1 contract

Samples: Duane Reade Holdings Inc

Certain Distributions. In case If the Company shall at any time or --------------------- from time --------------------- to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in ---- effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by multiplying the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then Fair Market Value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Egain Communications Corp

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Vaalco Energy Inc /De/

Certain Distributions. In case If the Company shall at any time while this Warrant, or --------------------- from time any portion thereof, remains outstanding and unexpired shall declare a dividend or otherwise make a distribution to time distribute to all the holders of shares of its Common Stock (other than dividends, distributions or issuances referred to in Section 4(a), Section 4(b), Section 4(d), Section 4(e), or Section 4(j)) in the form of: (1) cash or other property; (2) any evidence of indebtedness, any shares of its capital stock or any other securities or property of any nature whatsoever (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company a subsidiary), or another Person (3) any warrants or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoingany evidences of indebtedness, thenany shares of its capital stock, and in each such caseor any other securities or property of any nature whatsoever (including securities of a subsidiary), then the Warrant Share Number ---- Price shall be increased reduced by being multiplied multiplying the Warrant Price in effect immediately prior to the record date for such event by a fraction (ia) the numerator of which shall be the Current Fair Market Price Value per share of Common Stock on such record date less the amount allocated to one share of Common Stock immediately prior to of any such cash so distributed and the record date for the distribution Fair Market Value, of such cash, any evidences of indebtedness, securitiesshares of capital stock, other assets securities or rights property, or warrants or other subscriptions or purchase rights so distributed, and (iib) the denominator of which shall be the Current such Fair Market Price of one Value per share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made successively whenever any such a record date is fixed; and in the event that such distribution is made and not so made, the Warrant Price shall become effective retroactively again be adjusted to a date immediately following be the close of business on the Warrant Price which would then be in effect if such record date for the determination of stockholders entitled to receive had not been fixed, but such distribution; provided, -------- however, that no subsequent adjustment shall be made with respect to not affect the number of Warrant Shares issued upon any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively Warrant prior to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distributionsubsequent adjustment was made.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Collagenex Pharmaceuticals Inc)

Certain Distributions. In case the Company Obligor shall at any time or --------------------- from time to time prior to conversion of all amounts outstanding under the Note, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Obligor is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Obligor or another Person, securities of the Company Obligor or another Person or other assets (excluding dividends declared in the ordinary course of business and payable in cash, dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.14(e)) or rights or warrants to subscribe for or purchase securities of the foregoingObligor (excluding those distributions in respect of which an adjustment in the Conversion Price is made pursuant to another paragraph of this Section 4(e)), then, and in each such case, the Warrant Share Number ---- Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Obligor) by multiplying the Conversion Price in effect immediately prior to the date of distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined in good faith by the Board of such Directors) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to such record the date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Infogrames Entertainment Sa

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person entity and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.18.1) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (i) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (x) the numerator of which shall be the Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (y) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (ii) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (ix) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (iiy) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Broadpoint Securities Group, Inc.

Certain Distributions. In case If the Company shall shall, at any time or --------------------- from time to time after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Tickets Com Inc

AutoNDA by SimpleDocs

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of the Series A Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding dividends or distributions in which holders of shares of Series A Preferred Stock participate, in the manner provided in Section 3, and dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series A Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series A Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Services Agreement (Vertex Interactive Inc)

Certain Distributions. In case If the Company shall at any time or --------------------- from time to time time, after the Closing Date but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then Fair Market Value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (Oak Hill Capital Partners L P)

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of the Series D Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding dividends or distributions in which holders of shares of Series D Preferred Stock participate, in the manner provided in Section 3, and dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series D Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series D Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Registration Rights Agreement (MidMark Capital II, L.P.)

Certain Distributions. In case If the Company shall at any time while this Warrant, or --------------------- from time any portion thereof, remains outstanding and unexpired shall declare a dividend or otherwise make a distribution to time distribute to all the holders of shares of its Common Stock (other than dividends, distributions or issuances referred to in Section 4(a), Section 4(b), Section 4(d), Section 4(e), or Section 4(k)) in the form of: (1) cash or other property; (2) any evidence of indebtedness, any shares of its capital stock or any other securities or property of any nature whatsoever (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Person, securities of the Company a subsidiary), or another Person (3) any warrants or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase the foregoingany evidences of indebtedness, thenany shares of its capital stock, and in each such caseor any other securities or property of any nature whatsoever (including securities of a subsidiary), then the Warrant Share Number ---- Price shall be increased reduced by being multiplied multiplying the Warrant Price in effect immediately prior to the record date for such event by a fraction (ia) the numerator of which shall be the Current Fair Market Price Value per share of Common Stock on such record date less the amount allocated to one share of Common Stock immediately prior to of any such cash so distributed and the record date for the distribution Fair Market Value of such cash, any evidences of indebtedness, securitiesshares of capital stock, other assets securities or rights property, or warrants or other subscriptions or purchase rights so distributed, and (iib) the denominator of which shall be the Current such Fair Market Price of one Value per share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made successively whenever any such a record date is fixed; and in the event that such distribution is made and not so made, the Warrant Price shall become effective retroactively again be adjusted to a date immediately following be the close of business on the Warrant Price which would then be in effect if such record date for the determination of stockholders entitled to receive had not been fixed, but such distribution; provided, -------- however, that no subsequent adjustment shall be made with respect to not affect the number of Warrant Shares issued upon any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively Warrant prior to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distributionsubsequent adjustment was made.

Appears in 1 contract

Samples: Cardiac Science Inc

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price in effect immediately prior to the date of distribution shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares applicable to one share of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Vaalco Energy Inc /De/

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by the product obtained by multiplying the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined in good faith by a majority of the Unaffiliated Board Members) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied the product obtained by multiplying by the Warrant Share number by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined in good faith by a majority of the Unaffiliated Board Members) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Registration Rights Agreement (Ivanhoe Energy Inc)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, prior to exercise of this Warrant, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under Section 5.1another paragraph of this SECTION 2, any distribution in connection with a Permitted Issuance and any Liquidating Dividend) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Exercise Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Company) by multiplying the Exercise Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); PROVIDED, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Company if the holder of shares this Warrant would otherwise be entitled to receive such rights or warrants upon exercise at any time of Warrants into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Exercise Agreement (Sandler Capital Management)

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of shares of Series D Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding cash dividends in which holders of shares of Series D Preferred Stock participate, in the manner provided in Section 3(c) of this Article V.B; dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) of Article V.B; and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Series D Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Series D Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of’ Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series D Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series D Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Shareholders Agreement (General Atlantic LLC)

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of the Series C-1 Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding dividends or distributions in which holders of shares of Series C-1 Preferred Stock participate, in the manner provided in Section 3, and dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series C-1 Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series C-1 Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Registration Rights Agreement (MidMark Capital II, L.P.)

Certain Distributions. In case the Company Corporation shall at any time or --------------------- from time to time time, prior to conversion of shares of Series D Preferred Stock, distribute to all holders of shares of its the Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company Corporation is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, Table of Contents evidences of indebtedness of the Company Corporation or another Personissuer, securities of the Company Corporation or another Person issuer or other assets (excluding cash dividends in which holders of shares of Series D Preferred Stock participate, in the manner provided in Section 3(c) of this Article V.B; dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.17(c) of Article V.B; and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase of any of the foregoing, then, and in each such case, the Warrant Share Number ---- Series D Conversion Price then in effect shall be increased adjusted (and any other appropriate actions shall be taken by being multiplied the Corporation) by multiplying the Series D Conversion Price in effect immediately prior to the date of such distribution by a fraction (ix) the numerator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the record date for of distribution less the distribution then fair market value (as determined by the Board of such Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities, securities or other assets so distributed or of such rights or warrants applicable to one share of’ Common Stock and (iiy) the denominator of which shall be the Current Market Price of one share of the Common Stock immediately prior to the date of distribution (but such record date less the Fair Market Value fraction shall not be greater than one); provided, however, that no adjustment shall be made with respect to any distribution of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by to subscribe for or purchase securities of the number Corporation if the holder of shares of Series D Preferred Stock would otherwise be entitled to receive such rights or warrants upon conversion at any time of shares of Series D Preferred Stock into Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Critical Path Inc)

Certain Distributions. In case If the Company shall at any time or --------------------- from time to time time, after the Closing Date but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then Fair Market Value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Skiing Co /Me)

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant, but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person entity and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.17(a) and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) multiplying by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be the fair market value of the Common Stock immediately prior to the date of distribution less the then fair market value of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the fair market value of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price fair market value of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price fair market value of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: MAKO Surgical Corp.

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such 1818 Clawback Warrant distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: Vaalco Energy Inc /De/

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price in effect immediately prior to the date of distribution shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares applicable to one share of Common Stock outstanding immediately prior to such distributionStock. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: 1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.15.1 and any distribution in connection with an Excluded Transaction) or rights or warrants to subscribe for or purchase any of the foregoing, thenTHEN, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the Warrant Share Number ---- shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.

Appears in 1 contract

Samples: 1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al

Certain Distributions. In case If the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the Common Stock is not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5.1) or 5), rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, the number of Warrant Share Number ---- Shares shall be increased by being multiplied by to a fraction number equal to the product of (i) the numerator number of which shall be the Current Market Price of one share of Common Stock Warrant Shares immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and distribution multiplied by (ii) the denominator of which shall be quotient of: (I) the Current Market Price of one share of the Common Stock as of the Business Day immediately prior to such record date less the Fair Market Value of the portion announcement of such cashdistribution (or, evidences of indebtednessif no such announcement is made, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distribution. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of the stockholders entitled to receive such distribution); divided by (II) the excess of the amount of (which amount shall be greater than zero) (x) the Market Price determined pursuant to the clause (I) above over (y) the amount of cash distributed per share of Common Stock and/or, as applicable, the fair market value per share of Common Stock (as determined in good faith by the Board of Directors) of any cash, evidence of indebtedness of the Company or another issuer, securities of the Company or another issuer, or other assets (excluding dividends payable in shares of Common Stock for which adjustment is made under another paragraph of this Section 5), rights or warrants to subscribe for or purchase any of the foregoing distributed to the holders of Common Stock; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights or warrants to subscribe for or purchase securities of the Company if the Warrantholder Holder would otherwise be entitled to receive such rights or warrants upon the exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders stockholders entitled to receive such distribution).

Appears in 1 contract

Samples: Duane Reade Holdings Inc

Certain Distributions. In case the Company shall at any time or --------------------- from time to time time, after the issuance of this Warrant but prior to the exercise hereof, distribute to all holders of shares of its Common Stock (including any such distribution made as a rights offering or in connection with a merger or consolidation in which the Company is the resulting or surviving Person and the shares of Common Stock is are not changed or exchanged) cash, evidences of indebtedness of the Company or another Personissuer, securities of the Company or another Person issuer or other assets (excluding dividends or distributions payable in shares of Common Stock for which adjustment is made under Section 5.1) or rights or warrants to subscribe for or purchase any of the foregoing, then, and in each such case, (A) the Exercise Price then in effect shall be adjusted (and any other appropriate actions shall be taken by the Company) by being multiplied by the Exercise Price in effect prior to the date of distribution by a fraction (i) the numerator of which shall be such Current Market Price of Common Stock immediately prior to the date of distribution less the then fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of the cash, evidences of indebtedness, securities or other assets so distributed or of such rights or warrants applicable to one share of Common Stock and (ii) the denominator of which shall be the Current Market Price of the Common Stock immediately prior to the date of distribution (but such fraction shall not be greater than one) and (B) the number of Warrant Share Number ---- Shares issuable hereunder shall be increased by being multiplied by a fraction (i) the numerator of which shall be the Current Market Price of one share of Common Stock immediately prior to the record date for the distribution of such cash, evidences of indebtedness, securities, other assets or rights or warrants and (ii) the denominator of which shall be the Current Market Price of one share of Common Stock immediately prior to such record date less the Fair Market Value fair market value (as determined by the Board of Directors in the exercise of their fiduciary duties) of the portion of such cash, evidences of indebtedness, securities, other assets or rights or warrants so distributed divided by the number of shares of Common Stock outstanding immediately prior to such distributiondistributed. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to a date immediately following the close of business on the record date for the determination of stockholders entitled to receive such distribution; provided, -------- however, that no adjustment shall be made with respect to any distribution of ------- rights to purchase securities of the Company if the Warrantholder would otherwise be entitled to receive such rights upon exercise at any time of this Warrant. Such adjustment shall be made whenever any such distribution is made and shall become effective retroactively to the date immediately following the close of business on the record date for the determination of shareholders entitled to receive such distribution.39

Appears in 1 contract

Samples: Registration Rights Agreement (Eos International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.