Common use of Certain Other Dividends and Distributions Clause in Contracts

Certain Other Dividends and Distributions. In the event that, during the Term, the Company intends to pay a dividend or other distribution of: (i) cash, or (ii) any evidences of its indebtedness, any other securities or property of any nature whatsoever (other than cash or Common Stock); then at least ten (10) business days prior to the record date to determine shareholders entitled to receive such dividend or distribution, the Company shall give notice of such proposed dividend or distribution to the Holder for the purpose of enabling the Holder to exercise this Warrant, and thereby participate in such dividend or distribution.

Appears in 8 contracts

Samples: Warrant Agreement (McLaren Performance Technologies Inc), Warrant Agreement (McLaren Performance Technologies Inc), Warrant Agreement (McLaren Performance Technologies Inc)

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Certain Other Dividends and Distributions. In the event that, during ----------------------------------------- the Term, the Company intends to pay a dividend or other distribution of: (i) cash, or (ii) any evidences of its indebtedness, any other securities or property of any nature whatsoever (other than cash or Common Stock); then at least ten (10) business days prior to the record date to determine shareholders entitled to receive such dividend or distribution, the Company shall give notice of such proposed dividend or distribution to the Holder for the purpose of enabling the Holder to exercise this Warrant, and thereby participate in such dividend or distribution.

Appears in 1 contract

Samples: Stock Option Purchase Agreement (McLaren Performance Technologies Inc)

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