Cumulative Adjustments. The adjustments provided for in this Article 2 are cumulative and shall apply to successive Stock Splits, capital reorganizations, combinations, consolidations, distributions, issues or other events resulting in any adjustment under the provisions of this Article 2. If the Corporation sets a record date to determine the holders of its Common Shares for the purpose of any event which would result in an adjustment to the number of Warrant Shares issuable upon exercise of this Warrant and shall thereafter and before the completion of such event legally abandon its plan to do so, then no adjustment in the number of Warrant Shares to which the Holder is entitled pursuant to exercise of this Warrant shall be required by reason of the setting of such record date.
Appears in 3 contracts
Sources: Class 1 Convertible Preferred Share and Warrant Subscription Agreement (Mitel Networks Corp), Warrant Agreement (Francisco Partners GP II Management, LLC), Warrant Agreement (Morgan Stanley)