When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (a), (b) or (c) hereof and such distribution is subsequently cancelled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 4 contracts
Sources: Warrant Agreement (Comforce Corp), Warrant Agreement (National Tobacco Co Lp), Warrant Agreement (Source Media Inc)
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (a)Sections 4.2, (b) 4.3 or (c) 4.4 hereof and such distribution is subsequently cancelled, the Warrant Number and Exercise Rate Price then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 3 contracts
Sources: Warrant Agreement (American Restaurant Group Inc), Warrant Agreement (Transamerican Refining Corp), Warrant Agreement (Transamerican Refining Corp)
When No Adjustment Required. If an adjustment is made upon the establishment of a record date or issuance date for a distribution or issuance subject to subsections (a), (b) or (c) or (d) hereof and such distribution or issuance is subsequently cancelled, the Exercise Rate Price then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 2 contracts
Sources: Warrant Agreement (Wyle Electronics), Warrant Agreement (Marshall Industries)
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections subsection (a), (b) or (c) hereof of this Section and such distribution is subsequently cancelled, the Warrant Number and Exercise Rate Price then in effect shall be readjusted, effective as of the date when the Board board of Directors directors of DIMAC Holdings determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 2 contracts
Sources: Warrant Agreement (Dimac Holdings Inc), Securities Purchase Agreement (DMW Worldwide Inc)
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (a), (b) or (c) hereof and such distribution is subsequently cancelledcanceled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board board of Directors directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. If an adjustment would be required under two or more of subsections (a), (b) and (c), such adjustments will be determined without duplication. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will wall not accrue on the cash.
Appears in 1 contract
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (aSubsections 12(a), (b) or (c) hereof and such distribution is subsequently cancelled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board manager of Directors the Company determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections subsection (a), (b) or (c) hereof and such distribution is subsequently cancelled, the Warrant Number and Exercise Rate Price then in effect shall be readjusted, effective as of the date when the Board of Directors of Parent determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract
Sources: Warrant Agreement (Collegiate Funding Services Inc)
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (aSubsections 12(a), (b12(b) or (c12(c) hereof and such distribution is subsequently cancelled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (aSubsections 12(a), (b) or (c) hereof and such distribution is subsequently cancelled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board general partner of Directors the Partnership determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (a)Sections 4.2, (b) 4.3 or (c) 4.4 hereof and such distribution is subsequently cancelledcanceled, the Warrant Number and Exercise Rate Price then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract
When No Adjustment Required. If an adjustment is made upon the establishment of a record date for a distribution subject to subsections (aSubsections 12(a), (b12(b) or (c12(c) hereof and such distribution is subsequently cancelledcanceled, the Exercise Rate then in effect shall be readjusted, effective as of the date when the Board of Directors determines to cancel such distribution, to that which would have been in effect if such record date had not been fixed. To the extent the Warrants become convertible into cash, no adjustment need be made thereafter as to the amount of cash into which such Warrants are exercisable. Interest will not accrue on the cash.
Appears in 1 contract