Common use of Extraordinary Dividends and Distributions Clause in Contracts

Extraordinary Dividends and Distributions. If at any time the Company shall pay a dividend or make a distribution to all holders of Capital Stock, as such, which dividend or distribution is payable otherwise than in cash out of earnings or earned surplus and otherwise than in Capital Stock, Convertible Securities, or Options, then thereafter the holder of this Warrant, upon the exercise of this Warrant, shall be entitled to receive the number of shares of Common Stock being purchased upon such exercise and, in addition thereto and without further payment, the stock and other securities and property (including cash) which such holder would have received by way of dividends or distributions (otherwise than in cash out of earnings or earned surplus or in Capital Stock, Convertible Securities, or Options) as if continuously, since the date of the original issue of this Warrant, such holder (i) had been the record holder of the number of shares of Common Stock then being purchased, and (ii) had retained all dividends and distributions in stock or other securities (other than Capital Stock, Convertible Securities, or Options) which would have been paid in respect of such Common

Appears in 4 contracts

Samples: Source Media Inc, Source Media Inc, Source Media Inc

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Extraordinary Dividends and Distributions. If at any time the Company shall pay a dividend or make a distribution to all holders of Capital Stock, as such, which dividend or distribution is payable otherwise than in cash out of earnings or earned surplus and otherwise than in Capital Stock, Convertible Securities, or Options, then thereafter the holder of this Warrant, upon the exercise of this Warrant, shall be entitled to receive the number of shares of Common Stock being purchased upon such exercise and, in addition thereto and without further payment, the stock and other securities and property (including cash) which such holder would have received by way of dividends or distributions (otherwise than in cash out of earnings or earned surplus or in Capital Stock, Convertible Securities, or Options) as if continuously, since the date of the original issue of this Warrant, such holder (i) had been the record holder of the number of shares of Common Stock then being purchased, and (ii) had retained all dividends and distributions in stock or other securities (other than Capital Stock, Convertible Securities, or Options) which would have been paid in respect of such CommonCommon Stock or in respect of any stock or other securities which would have been paid as dividends or distributions on such Common Stock.

Appears in 1 contract

Samples: Source Media Inc

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Extraordinary Dividends and Distributions. If at any time the Company shall pay a dividend or make a distribution to all holders of Capital Stock, as such, which dividend or distribution is payable otherwise than in cash out of earnings or earned surplus and otherwise than in Capital Stock, Convertible Securities, or Options, then thereafter the holder of this Warrant, upon the exercise of this Warrant, shall be entitled to receive the number of shares of Common Stock being purchased upon such exercise and, in addition thereto and without further payment, the stock and other securities and property (including cash) which such holder would have received by way of dividends or distributions (otherwise than in cash out of earnings or earned surplus or in Capital Stock, Convertible Securities, or Options) as if continuously, since the date of the original issue of this Warrant, such holder (i) had been the record holder of the number of shares of Common Stock then being purchased, and (ii) had retained all dividends and distributions in stock or other securities (other than Capital Stock, Convertible Securities, or Options) which would have been paid in respect of such Commonof

Appears in 1 contract

Samples: Source Media Inc

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