DISSOLUTION OR LIQUIDATION; DIVIDENDS AND DISTRIBUTIONS. Upon any proposed distribution of the assets of the Company in dissolution or liquidation, the Company shall mail notice of such distribution to each Holder and shall make no distribution to its shareholders until the expiration of forty five (45) days from the date of mailing of such notice. Upon receipt of such notice, each Holder may exercise the Warrant at any time prior to the expiration of such 45-day period and thereafter receive any distributions made to shareholders of the Company in connection with such dissolution or liquidation.
Appears in 8 contracts
Samples: Operating Loan and Security Agreement (Smart Move, Inc.), Smart Move, Inc., Smart Move, Inc.
