Common use of Special Stock Dividends Clause in Contracts

Special Stock Dividends. If at any time or from time to time, shares of any class of stock of the Corporation (other than Common Stock) are issued by way of a stock dividend on outstanding Common Stock, then, commencing with the day following the date fixed for the determination of holders of Common Stock entitled to receive the stock dividend, in addition to any shares of Common Stock receivable upon exercise of the Warrants, the Warrant Holder shall upon exercise of the Warrants be entitled to receive, as nearly as practicable, the same number of shares of dividend stock, plus any shares issued upon any subsequent change, replacement, subdivision, or combination of the stock dividend, to which the Warrant Holder would have been entitled if the Warrants would have been exercised immediately prior to the stock dividend. No adjustment in the Warrant Price shall be made by virtue of the happening of any event specified in this Subsection 4(d).

Appears in 2 contracts

Samples: Warrant Agreement (Financial Performance Corp), Warrant Agreement (Financial Performance Corp)

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Special Stock Dividends. If at any time or from time to time, shares of any class of stock of the Corporation (other than Common Stock) are issued by way of a stock dividend on outstanding Common Stock, then, commencing with the day following the date fixed for the determination of holders of Common Stock entitled to receive the stock dividend, in addition to any shares of Common Stock receivable upon exercise of the Warrants, the Warrant Holder shall upon exercise of the Warrants be entitled to receive, as nearly as practicable, the same number of shares of dividend stock, plus any shares issued upon any subsequent change, replacement, subdivision, or combination of the stock dividend, to which the Warrant Holder would have been entitled if the Warrants would have been exercised immediately prior to the stock dividend. No adjustment in the Warrant Price shall be made by virtue of the happening of any event specified in this Subsection 4(d4(e).

Appears in 1 contract

Samples: Exhibit Ss (Thermoenergy Corp)

Special Stock Dividends. If at any time or from time to time, after the date hereof shares of any class of stock of the Corporation Company (other than Common Stock) are issued by way of a stock dividend on outstanding Common Stock, then, commencing with the day following the date fixed for the determination of holders of Common Stock entitled to receive the such stock dividend, in addition to any shares share of Common Stock receivable upon exercise of the Warrants, the Warrant Holder shall holders shall, upon such exercise of the Warrants Warrants, be entitled to receive, as nearly as practicable, the same number of shares of dividend stock, plus any shares issued upon any subsequent change, replacement, subdivision, or combination of the stock dividend, thereof to which the Warrant Holder holders would have been entitled if the had their Warrants would have been exercised immediately prior to the such stock dividend. No adjustment in the Warrant Price shall be made merely by virtue of the happening of any event specified in this Subsection 4(d)Section 3.03.

Appears in 1 contract

Samples: Warrant Agreement (Ness Energy International Inc /Nv/)

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Special Stock Dividends. If at any time or from time to time, shares after the issuance of this Warrant any class of stock Capital Stock of the Corporation Company (other than Common Stock) are is issued by way of a stock dividend on outstanding Common Stock, then, commencing with the day following the date fixed for the determination of holders of Common Stock entitled to receive the such stock dividend, in addition to any shares share of Common Stock receivable upon exercise of the Warrants, the Warrant Holder shall holders shall, upon such exercise of the Warrants Warrants, be entitled to receive, as nearly as practicable, the same number of shares of dividend stock, plus any shares issued upon any subsequent change, replacement, subdivisionsubdivisions, or combination of the stock dividend, thereof to which the Warrant Holder holders would have been entitled if the had their Warrants would have been exercised immediately prior to the stock such dividend. No adjustment in the Warrant Price shall be made merely by virtue of the happening of any event specified in this Subsection 4(dsub-section (c).

Appears in 1 contract

Samples: Warrant Agreement (Franklin Financial Network Inc.)

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