Common use of When Issuance or Payment May Be Deferred Clause in Contracts

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDED, HOWEVER, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder Holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder Holder any amount in cash in lieu of a fractional share; PROVIDED, HOWEVER, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case ----------- ---------------------------------------- in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise on the basis of the Exercise Price and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in ----------- ---------------------------------------- which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDED, HOWEVER, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV 4 shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder Holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder Holder any amount in cash in lieu of a fractional share; PROVIDED, HOWEVER, that the Company shall deliver to such Holder a due ▇▇▇▇ bill or other appropriate instrument evidencing such Holder's right to receive ▇▇ ▇eceive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇bill ▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in ---------------------------------------- which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder Holder of any Warrant exercised after such record date the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder Holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇b▇▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common Shares, other shares and cash upon the occurrence of the event requiring such adjustment.

When Issuance or Payment May Be Deferred. In any case in which this Article IV shall require that an adjustment in the Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event (i) issuing to the holder of any Warrant exercised after such record date the Common Shares Preferred Stock and other shares in the capital of the Company, if any, purchasable issuable upon such exercise over and above the Common Shares Preferred Stock and other shares in the capital of the Company, if any, purchasable issuable upon such exercise and (ii) paying such holder any amount in cash in lieu of a fractional share; PROVIDEDprovided, HOWEVERhowever, that the Company shall deliver to such Holder a due ▇▇bill ▇▇ or other appropriate instrument evidencing such Holder's right to receive such additional Common SharesPreferred Stock, other shares and cash upon the occurrence of the event requiring such adjustment.