Common use of Certain Dividends and Distributions Clause in Contracts

Certain Dividends and Distributions. If the Issuer, at any time while this Warrant is outstanding, shall pay a dividend in, or make any other distribution to its stockholders (without consideration therefor) of, shares of Common Stock, the Warrant Price shall be adjusted, as at the 6 date the Issuer shall take a record of the Holders of the Issuer's Capital Stock for the purpose of receiving such dividend or other distribution (or if no such record is taken, as at the date of such payment or other distribution), to that price determined by multiplying the Warrant Price in effect immediately prior to such record date (or if no such record is taken, then immediately prior to such payment or other distribution), by a fraction (1) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such record date (or if no such record date is taken, then immediately prior to such dividend or distribution), and (2) the denominator of which shall be such number of shares plus the total number of shares of Common Stock constituting such dividend or distribution.

Appears in 3 contracts

Samples: Commonwealth Biotechnologies Inc, Commonwealth Biotechnologies Inc, Commonwealth Biotechnologies Inc

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Certain Dividends and Distributions. If the IssuerCompany, at any time while this ----------------------------------- the Warrant is outstanding, shall pay a dividend in, or make any other distribution to its stockholders (without consideration therefor) of, shares of Common Stock, the Warrant Exercise Price shall be adjusted, as at the 6 date the Issuer Company shall take a record of the Holders holders of the Issuer's Capital Common Stock for the purpose of receiving such dividend or other distribution (or if no such record is taken, taken as at the date of such payment or other distribution), to that price determined by multiplying the Warrant Exercise Price in effect immediately prior to such record date (or if no such record is taken, then immediately prior to such payment or other distribution), by a fraction (1) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such record date (or if no such record date is taken, then immediately prior to such dividend or distribution), and (2) the denominator of which shall be such number of shares plus the total number of shares of Common Stock constituting outstanding immediately after such dividend or distributiondistribution (plus in the event that the Company's paid cash for fractional shares the number of additional shares which would have been outstanding had the Company issued fractional shares in connection with said dividends).

Appears in 1 contract

Samples: Warrant Agreement (Enviro Clean of America Inc)

Certain Dividends and Distributions. If the Issuer, at any time while this Warrant is outstanding, shall pay a dividend in, or make any other distribution to its stockholders (without consideration therefor) of, shares of Common Stock, the Warrant Price shall be adjusted, as at the 6 date the Issuer shall take a record of the Holders of the Issuer's Capital Stock for the purpose of receiving such dividend or other distribution (or if no such record is taken, as at the date of such payment or other distribution), to that price determined by multiplying the Warrant Price in effect immediately prior to such record date (or if no such record is taken, then immediately prior to such payment or other distribution), by a fraction (1) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such record date (or if no such record date is taken, then immediately prior to such dividend or distribution), and (2) the denominator of which shall be such number of shares plus the total number of shares of Common Stock constituting outstanding immediately after such dividend or distribution.distribution (plus in the event that the Issuer paid cash for fractional shares, the number of additional shares which would have been outstanding had the Issuer issued fractional shares in connection with said dividends); or

Appears in 1 contract

Samples: General Release and Settlement Agreement (Eresource Capital Group Inc)

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Certain Dividends and Distributions. If the IssuerCompany, at any time while this ----------------------------------- the Warrant is outstanding, shall pay a dividend in, or make any other distribution to its stockholders (without consideration therefor) of, shares of Common Stock, the Warrant Exercise Price shall be adjusted, as at the 6 date the Issuer Company shall take a record of the Holders holders of the Issuer's Capital Common Stock for the purpose of receiving such dividend or other distribution (or if no such record is taken, taken as at the date of such payment or other distribution), to that price determined by multiplying the Warrant Exercise Price in effect immediately prior to such record date (or if no such record is taken, then immediately prior to such payment or other distribution), by a fraction (1) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to such record date (or if no such record date is taken, then immediately prior to such dividend or distribution), and (2) the denominator of which shall be such number of shares plus the total number of shares of Common Stock constituting outstanding immediately after such dividend or distributiondistribution (plus in the event that the Company has paid cash for fractional shares, the number of additional shares which would have been outstanding had the Company issued fractional shares in connection with said dividends).

Appears in 1 contract

Samples: Warrant (Enviro Clean of America Inc)

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