Common use of Dissolution or Liquidation Clause in Contracts

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration Date, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole and prior to any distribution associated with such dissolution, liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitled, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up distribution.

Appears in 29 contracts

Samples: Security Agreement (Itec Environmental Group Inc), Convertible Note and Warrant Purchase Agreement (Eco2 Plastics Inc), Security Agreement (Itec Environmental Group Inc)

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Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Section 1 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any distribution associated with such dissolution, liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitled, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up distribution.

Appears in 14 contracts

Samples: Sonus Communication Holdings Inc, Sonus Communication Holdings Inc, Sonus Communication Holdings Inc

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Article IX hereof, dissolve, liquidate or wind up its affairs, the Holder holder shall be entitled, upon the proper exercise of this Warrant in whole and prior to any such distribution associated with such dissolution, in dissolution of liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder holder been a the holder of record of such share shares of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 2 contracts

Samples: Online Resources & Communications Corp, Online Resources & Communications Corp

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Article IX hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole and prior to any such distribution associated with such dissolution, in dissolution of liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the holder been the Holder been a holder of record of such share shares of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 2 contracts

Samples: Online Resources & Communications Corp, Online Resources & Communications Corp

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Section 13 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any such distribution associated with such dissolution, in dissolution or liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation liquidationdation or winding up, with respect to such shares of Common Stock had the Holder been a the holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 1 contract

Samples: Aps Healthcare Inc

Dissolution or Liquidation. In case the Company shall, shall at any time prior to the Expiration DateDate set forth in Section 12 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any such distribution associated with such dissolution, in dissolution or liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a the holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 1 contract

Samples: Information Analysis Inc

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Section 13 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any such distribution associated with such dissolution, in dissolution or liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a the holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 1 contract

Samples: Aps Healthcare Inc

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Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Section 1 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any distribution associated with such dissolution, liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitled, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up distribution.

Appears in 1 contract

Samples: Shareholders' Agreement (Sonus Communication Holdings Inc)

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Section 1 hereof, dissolve, liquidate or wind up its affairs, the Holder shall be entitled, upon the proper exercise of this Warrant in whole or in part and prior to any distribution associated with such dissolution, liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder would have been entitled, the same kind and amount of assets as would have been distributed or paid to the Holder upon any such dissolution, liquidation or winding up, with respect to such shares of Common Stock had the Holder been a holder of record of such share of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up distribution. Section 12.

Appears in 1 contract

Samples: Sonus Communication Holdings Inc

Dissolution or Liquidation. In case the Company shall, at any time prior to the Expiration DateDate set forth in Article X hereof, dissolve, liquidate or wind up its affairs, the Holder holder shall be entitled, upon the proper exercise of this Warrant in whole and prior to any such distribution associated with such dissolution, in dissolution or liquidation, or winding up, to receive on such exercise, in lieu of the shares of Common Stock to which the Holder holder would have been entitledentitled to receive, the same kind and amount of assets as would have been distributed or paid to the Holder holder upon any such dissolution, liquidation or winding up, up with respect to such shares of Common Stock had the Holder holder been a the holder of record of such share shares of Common Stock on the record date for the determination of those holders of Common Stock entitled to receive any such dissolution, liquidation, or winding up liquidation distribution.

Appears in 1 contract

Samples: Information Analysis Inc

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