Common use of Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants Clause in Contracts

Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of Shares purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 3.8. (a) If the Company shall (i) pay a dividend on its capital stock (including [Common/Preferred Stock]) in shares of Stock, (ii) subdivide its outstanding shares of [Common/Preferred Stock], (iii) combine its outstanding shares of [Common/Preferred Stock] into smaller number of shares of [Common/Preferred Stock] or (iv) issue any shares of its capital stock in a reclassification of the [Common/Preferred Stock] (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the number of Shares purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the holder of each Warrant shall be entitled to receive the kind and number of Shares or other securities of the Company which such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant been

Appears in 1 contract

Sources: Warrant Agreement (CCC Capital Trust Ii)

Adjustment of Exercise Price and Number of Shares Purchasable or Number of Warrants. The Exercise Price, the number of Shares shares of Class A Common Stock purchasable upon the exercise of each Warrant and the number of Warrants outstanding are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 3.83.2. (a) If the Company shall (i) pay a dividend on in or make a distribution of shares of its capital stock, whether shares of Class A Common Stock or shares of its capital stock (including [Common/Preferred Stock]) in shares of Stockany other class, (ii) subdivide its outstanding shares of [Common/Preferred Class A Common Stock], (iii) combine its outstanding shares of [Common/Preferred Stock] Class A Common Stock into a smaller number of shares of [Common/Preferred Stock] Class A Common Stock or (iv) issue any shares of its capital stock in a reclassification reclas- sification of the [Common/Preferred Stock] Class A Common Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), the number of Shares shares of Class A Common Stock purchasable upon exercise of each Warrant immediately prior thereto shall be adjusted so that the holder of each Warrant shall be entitled to receive the kind and number of Shares shares of Class A Common Stock or other securities of the Company which such holder would have owned or have been entitled to receive after the happening of any of the events described above, had such Warrant beenbeen exercised immediately prior to the happening of such event or any record date with respect thereto. An adjustment made pursuant to this paragraph (a) shall become effective --------------------

Appears in 1 contract

Sources: Warrant Agreement (Aimco Properties Lp)