Common use of Cash Dividends and Distributions Clause in Contracts

Cash Dividends and Distributions. If at any time or from time to time the holders of Common Stock (or any shares of stock or other securities at the time receivable upon the exercise of this Warrant) shall have received or become entitled to receive, without payment therefor, any cash, stock, other securities or property, the holder hereof shall, upon the exercise of this Warrant, receive, in addition to the number of shares of Common Stock receivable thereupon, and without payment of any additional consideration therefor, the amount of cash, stock, other securities and property which such holder would have received had he been the holder of record of such Common Stock as of the date on which holders of Common Stock received or became entitled to receive such cash, stock, other securities and property.

Appears in 10 contracts

Samples: Warrant to Purchase Common Stock (AccelPath, Inc.), Warrant to Purchase Common Stock (AccelPath, Inc.), Warrant to Purchase Common Stock (AccelPath, Inc.)

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Cash Dividends and Distributions. If at any time or from time to -------------------------------- time the holders of Common Stock (or any shares of stock or other securities at the time receivable upon the exercise of this Warrant) shall have received or become entitled to receive, without payment therefor, any cash, stock, other securities or property, the holder hereof shall, upon the exercise of this Warrant, receive, in addition to the number of shares of Common Stock receivable thereupon, and without payment of any additional consideration therefor, the amount of cash, stock, other securities and property which such holder would have received had he been the holder of record of such Common Stock as of the date on which holders of Common Stock received or became entitled to receive such cash, stock, other securities and property.

Appears in 2 contracts

Samples: License and Option Agreement (Orchid Biosciences Inc), License Agreement (Orchid Biosciences Inc)

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