Common use of Extraordinary Dividends and Distributions Clause in Contracts

Extraordinary Dividends and Distributions. In case the Company at any time or from time to time after the date hereof shall declare, order, pay or make a dividend or other distribution (including, without limitation, any distribution of other or additional stock or other securities or property by way of dividend or spin-off, reclassification, recapitalization or similar corporate rearrangement) on the Common Stock, other than dividends or distributions payable in Additional Shares of Common Stock and other than cash dividends or other cash distributions, which do not constitute Extraordinary Cash Dividends, then, and in each such case, subject to Section 2.7, the Warrant Price in effect immediately prior to the close of business on the record date fixed for the determination of holders of any class of securities entitled to receive such dividend or distribution shall be reduced, effective as of the close of business on such record date, to a price (calculated to the nearest .001 of a cent) determined by multiplying such Warrant Price by a fraction

Extraordinary Dividends and Distributions. In case the Company at any time or from time to time after the date hereof Initial Date shall declare, order, pay or make a dividend or other distribution (including, without limitation, any distribution of other or additional stock or other securities or property or options by way of dividend or spin-off, reclassification, recapitalization or similar corporate rearrangement) on the any Common Stock, other than dividends or distributions (a) a dividend payable in Additional Shares of Common Stock and other than cash dividends or other cash distributions, which do not constitute Extraordinary Cash Dividendsin Options for Common Stock or (b) a dividend payable in cash, then, and in each such case, subject to Section 2.72.8, the Warrant Price in effect immediately prior to the close of business on the record date fixed for the determination of holders of any class of securities entitled to receive such dividend or distribution shall be reduced, effective as of the close of business on such record date, to a price (calculated to the nearest .001 of a cent) determined by multiplying such Warrant Price by a fraction,