Common use of Participating Dividends Clause in Contracts

Participating Dividends. In the event that the Board of Directors of the Corporation shall declare a dividend payable upon the then outstanding shares of Common Stock (other than a stock dividend on the Common Stock distributed solely in the form of additional shares of Common Stock), the holders of the Series A Preferred Stock shall be entitled to the amount of dividends per share of Series A Preferred Stock as would be declared payable on the largest number of whole and fractional shares of Common Stock issuable upon exercise of the then outstanding Warrants (as defined in Section 4.1 of this Chapter B), such number determined as of the record date for the determination of holders of Common Stock entitled to receive such dividend and without regard to any restrictions on issuance of or payment of dividends on fractional shares.

Participating Dividends. In the event that the Board of Directors of the Corporation shall declare a dividend one or more dividends payable upon the then outstanding shares of Common Stock (other than a stock dividend on the Common Stock distributed solely in the form of additional shares of Common Stock), the holders each holder of the Series A shares of Preferred Stock shall be entitled to the amount of dividends per share of Series A Preferred Stock as would be declared payable on the largest number of whole and fractional shares of Common Stock issuable upon exercise into which the shares of Preferred Stock held by such holder could be converted pursuant to the then outstanding Warrants (as defined in provisions of Section 4.1 of this Chapter B)5 hereof, such number determined as of the record date for the determination of holders of Common Stock entitled to receive such dividend and without regard to any restrictions on issuance of or payment of dividends on fractional sharesdividend.

Participating Dividends. In the event that the Board of Directors of the Corporation shall declare a dividend payable upon the then outstanding shares of Common Stock (other than a stock dividend on the Common Stock distributed solely in the form of additional shares of Common Stock), the holders of the Series A B Preferred Stock shall be entitled to the amount of dividends per share of Series A B Preferred Stock as would be declared payable on the largest number of whole and fractional shares of Common Stock issuable upon exercise into which each share of Series B Preferred Stock held by each holder thereof could be converted pursuant to the then outstanding Warrants (as defined in provisions of Section 4.1 of this Chapter B)5 hereof, such number determined as of the record date for the determination of holders of Common Stock entitled to receive such dividend and without regard to any restrictions on issuance of or payment of dividends on fractional shares.