Common use of Timing of Issuance of Additional Common Stock Upon Certain Adjustments Clause in Contracts

Timing of Issuance of Additional Common Stock Upon Certain Adjustments. In any case in which the provisions of this paragraph "E" shall require that an adjustment shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (i) issuing to the holder of any shares of Series B Preferred Stock converted after such record date and before the occurrence of such event the additional shares of Common Stock issuable upon such conversion by reason of the adjustment required by such event over and above the shares of Common Stock issuable upon such conversion before giving effect to such adjustment, and (ii) paying to such holder any amount of cash in lieu of a fractional share of Common Stock pursuant to paragraph "C" of Section IX hereof; provided, however, that the Company upon request shall deliver to such holder a due bill or other appropriate instrument evidencing such ho▇▇▇▇'s right to receive such additional shares and such cash, upon the occurrence of the event requiring such adjustment.

Timing of Issuance of Additional Common Stock Upon Certain Adjustments. In any case in which the provisions of this paragraph "E" 3 shall require that an adjustment shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (iA) issuing to the holder Payee for any portion of any shares of Series B Preferred Stock this Promissory Note converted after such record date and before the occurrence of such event the additional shares of Common Stock issuable upon such conversion by reason of the adjustment required by such event over and above the shares of Common Stock issuable upon such conversion before giving effect to such adjustment, adjustment and (iiB) paying to such holder any amount of cash in lieu of a fractional share of Common Stock pursuant to this paragraph "C" of Section IX hereof3; provided, however, provided that the Company upon request shall deliver to such holder a due bill or other appropriate instrument evidencing such hoholder'▇ ▇▇▇▇'s right ght to receive such additional shares shares, and such cash, upon the occurrence of the event requiring such adjustment.

Timing of Issuance of Additional Common Stock Upon Certain Adjustments. In any case in which the provisions of this paragraph "E" Section 5.1.5 shall require that an adjustment shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (i) issuing to the holder of any shares of Series B Preferred Stock the Note converted after such record date and before the occurrence of such event the additional shares of Common Stock issuable upon such conversion by reason of the adjustment required by such event over and above the shares of Common Stock issuable upon such conversion before giving effect to such adjustment, adjustment and (ii) paying to such holder any amount of cash in lieu of a fractional share of Common Stock pursuant to paragraph "C" of Section IX hereof5.1.4; provided, however, PROVIDED that the Company upon request shall deliver to such holder a due bill or other appropriate instrument evidencing such hosuc▇ ▇▇▇▇lder's right to receive such additional shares shares, and such cash, upon the occurrence of the event requiring such adjustment.