Liquidating Dividends, Etc. Make a distribution of its --------------------- assets to the holders of its Capital Stock as a dividend in liquidation or by way of return of capital or other than as a dividend payable out of earnings or surplus legally available for dividends under applicable law, the Warrant Holder shall be entitled to receive upon the exercise hereof, in addition to the number of Ordinary Shares receivable thereupon, and without payment of any additional consideration therefor, a sum equal to the amount of such assets as would have been payable to its as owner of that number of Ordinary Shares receivable by exercise of the Warrant had it been the holder of record of such Ordinary Shares on the record date for such distribution, or if no such record is taken, as of the date of such distribution, and an appropriate provision therefor shall be made a part of any such distribution.
Appears in 1 contract
Sources: Warrant Agreement (Scottish Annuity & Life Holdings LTD)
Liquidating Dividends, Etc. Make a distribution of -------------------------- its --------------------- assets to the holders of its Capital Stock as a dividend in liquidation or by way of return of capital or other than as a dividend payable out of earnings or surplus legally available for dividends under applicable law, the Warrant Holder shall be entitled to receive upon the exercise hereof, in addition to the number of Ordinary Shares receivable thereupon, and without payment of any additional consideration therefor, a sum equal to the amount of such assets as would have been payable to its him as owner of that number of Ordinary Shares receivable by exercise of the Warrant had it he been the holder of record of such Ordinary Shares on the record date for such distribution, or if no such record is taken, as of the date of such distribution, and an appropriate provision therefor shall be made a part of any such distribution.
Appears in 1 contract
Sources: Warrant Agreement (Scottish Annuity & Life Holdings LTD)