Peter Schiff`s feedback on the financial system, inventory markets, politics and gold. Atypical Money Dividends means a daily quarterly money dividend on shares of Widespread Inventory out of surplus or net income legally available therefor (determined in accordance with typically accepted accounting rules in impact sometimes), supplied that Bizarre Money Dividends shall not embrace any money dividends paid subsequent to the Difficulty Date to the extent the aggregate per share dividends paid on the outstanding Common Stock in any quarter exceed the quantity set forth in Merchandise 4 of Schedule A hereto, as adjusted for any stock break up, inventory dividend, reverse stock split, reclassification or related transaction.
(b) Subject to the fulfillment or waiver of the situations to the Closing on this Part 1.2, at the Closing the Firm will ship the Preferred Shares and the Warrant, in every case as evidenced by one or more certificates dated the Closing Date and bearing applicable legends as hereinafter offered for, in exchange for fee in stuffed with the Buy Worth by wire transfer of instantly obtainable United States funds to a checking account designated by the Company on Schedule A.
Any funds unclaimed at the end of three years from the redemption date shall, to the extent permitted by law, be released to the Corporation, after which finance news time the holders of the shares so known as for redemption shall look solely to the Company for cost of the redemption price of such shares.
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In such event, the number of shares of Frequent Stock issuable upon the exercise of this Warrant shall be increased to the quantity obtained by dividing (x) the product of (1) the number of Shares issuable upon the exercise of this Warrant earlier than such adjustment, and (2) the Exercise Price in impact instantly previous to the Pro Rata Repurchase giving rise to this adjustment by (y) the new Exercise Value determined in accordance with the instantly previous sentence.
Certificates for Shares issued upon exercise of this Warrant will likely be issued in such identify or names as the Warrantholder might designate and will probably be delivered to such named Person or Persons within an affordable time, not to exceed three enterprise days after the date on which this Warrant has been duly exercised in accordance with the terms of this Warrant.