Adjustment for Certain Dividends and Distributions. In the event the Company at any time or from time to time after the Original Issue Date shall make or issue a dividend or other distribution payable in shares of Common Stock, then and in each such event the Conversion Price shall be decreased as of the time of such issuance, by multiplying the Conversion Price by a fraction, the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance, and the denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance plus the number of shares of Common Stock issuable in payment of such dividend or distribution.
Appears in 5 contracts
Sources: Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc), Securities Purchase Agreement (Amen Properties Inc)
Adjustment for Certain Dividends and Distributions. In the event the Company at any time time, or from time to time after the Original Issue Date shall make or issue issue, a dividend or other distribution payable in shares Additional Shares of Common Stock, then and in each such event the Conversion Exercise Price shall be decreased as of the time of such issuance, by multiplying the Conversion Exercise Price by a fraction, : - the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance, and - the denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance plus the number of shares of Common Stock issuable in payment of such dividend or distribution.
Appears in 2 contracts
Sources: Warrant Agreement (Aig Latin America Equity Partners LTD), Warrant Agreement (Brazil Fast Food Corp)
Adjustment for Certain Dividends and Distributions. In the event the Company at any time or from time to time after the Original Issue Date shall make or issue a dividend or other distribution payable in shares of Common Stock, then and in each such event the Conversion Purchase Price shall be decreased as of the time of such issuance, by multiplying the Conversion Purchase Price by a fraction, the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time tie of such issuance, and the denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance plus the number of shares of Common Stock issuable in payment of such dividend or distribution.
Appears in 1 contract
Sources: Securities Purchase and Note Agreement (Universal Guaranty Life Insurance CO)