Common use of Common Stock Dividends Clause in Contracts

Common Stock Dividends. If the Company at any time prior to the expiration of this Warrant shall pay a dividend with respect to common stock payable in shares of common stock, then the purchase price per share shall be adjusted, from and after the date of determination of the stockholders entitled to receive such dividend, to that price determined by multiplying the per share purchase price in effect by a fraction (i) the numerator of which shall be the total number of shares of common stock outstanding immediately prior to such dividend and (ii) the denominator of which shall be the total number of shares of common stock outstanding immediately after such dividend; provided, however, that the aggregate purchase price shall not be adjusted.

Appears in 2 contracts

Sources: Warrant Agreement (Complete Wellness Centers Inc), Warrant Agreement (Complete Wellness Centers Inc)

Common Stock Dividends. If the Company at any time following the conversion of all the Series A Preferred Stock and prior to the expiration of this Warrant shall pay a dividend with respect to common stock Common Stock payable in shares of common stockCommon Stock, then the purchase price per share hereof shall be adjusted, from and after the date of determination of the stockholders entitled to receive such dividend, to that price determined by multiplying the per share purchase price in effect by a fraction (i) the numerator of which shall be the total number of shares of common stock Common Stock outstanding immediately prior to such dividend dividend, and (ii) the denominator of which shall be the total number of shares of common stock the Common Stock outstanding immediately after such dividend; provided, however, that the aggregate purchase price shall not be adjusted.

Appears in 1 contract

Sources: License Agreement (Vaxcel Inc)