Common use of Liquidating Dividends, Etc Clause in Contracts

Liquidating Dividends, Etc. Make a distribution of its Property to the holders of its Common as a dividend in liquidation or partial liquidation or by way of return of capital other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the Holder of this Warrant shall, upon exercise and payment of the Warrant Price, be entitled to receive, in addition to the number of shares of Warrant Stock receivable thereupon, and without payment of any additional consideration therefor, a sum equal to the amount of such Property as would have been payable to such Holder as owner of that number of shares of Warrant Stock of the receivable by exercise of this Warrant, had such Holder been the holder of record of such Warrant Stock on the record date for such distribution; and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 2 contracts

Samples: Note and Warrant Purchase (Intellicall Inc), Intellicall Inc

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Liquidating Dividends, Etc. Make a distribution of its Property to the holders of its Common as a dividend in liquidation or partial liquidation or by way of return of capital other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the Holder of this Warrant shall, upon exercise and payment of the Warrant Price, be entitled to receive, in addition to the number of shares of Warrant Stock receivable thereupon, and without payment of any additional consideration therefor, a sum equal to the amount of such Property as would have been payable to such Holder as owner of that number of shares of Warrant Stock of the receivable by exercise of this Warrant, had such Holder been the holder of record of such Warrant Stock on the record date for such distribution; , and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 1 contract

Samples: Note and Warrant Purchase (Intellicall Inc)

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Liquidating Dividends, Etc. Make a distribution of its Property to the holders of its Common as a dividend in liquidation or partial liquidation or by way of return of capital other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the Holder of this Warrant shall, upon exercise and payment of the Warrant Price, be entitled to receive, . in addition to the number of shares of Warrant Stock receivable thereupon, . and without payment of any additional consideration therefor, a sum equal to the amount of such Property as would have been payable to such Holder as owner of that number of shares of Warrant Stock of the receivable by exercise of this Warrant, had such Holder been the holder of record of such Warrant Stock on the record date for such distribution; . and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 1 contract

Samples: Bitwise Designs Inc

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