Common use of Adjustment Due to Distribution Clause in Contracts

Adjustment Due to Distribution. If, at any time after the Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e. a spin-off)) (a "DISTRIBUTION"), then Holder shall be entitled, upon any exercise of this Warrant after the date of record for determining stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder with respect to the shares of Common Stock issuable upon such exercise (without giving effect to the limitations contained in Article II.

Appears in 2 contracts

Sources: Warrant Agreement (Robotic Vision Systems Inc), Warrant Agreement (Robotic Vision Systems Inc)

Adjustment Due to Distribution. If, at any time after the First Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e. a spin-off)) (a "DISTRIBUTIONDistribution"), then Holder shall be entitled, upon any exercise of this Warrant after the date of record for determining stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder with respect to the shares of Common Stock issuable upon such exercise (without giving effect to the limitations contained in Article II.

Appears in 1 contract

Sources: Warrant Agreement (Netplex Group Inc)

Adjustment Due to Distribution. If, at any time after the Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e. a spin-off)) (a "DISTRIBUTIONDistribution"), then Holder shall be entitled, upon any exercise of this Warrant after the date of record for determining stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder with respect to the shares of Common Stock issuable upon such exercise (without giving effect to the limitations contained in Article II.

Appears in 1 contract

Sources: Warrant Agreement (Netplex Group Inc)

Adjustment Due to Distribution. If, at any time after the Second Closing Date, the Corporation shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise (including any dividend or distribution to the Corporation's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e. a spin-off)) (a "DISTRIBUTIONDistribution"), then Holder shall be entitled, upon any exercise of this Warrant after the date of record for determining stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable to Holder with respect to the shares of Common Stock issuable upon such exercise (without giving effect to the limitations contained in Article II.

Appears in 1 contract

Sources: Warrant Agreement (Netplex Group Inc)