Common use of Company Liquidation Clause in Contracts

Company Liquidation. In the event a voluntary or involuntary dissolution, liquidation or winding up of the Company (other than in connection with a consolidation, merger or sale of all or substantially all of the assets of the Company) is at any time proposed, the Company shall give at least ten (10) days’ written notice to Payee prior to the record date as of which holders of Common Stock will be entitled to receive distributions as a result of the proposed transaction. Such notice shall contain: (i) the date on which the transaction is to take place, (ii) the record date as of which holders of Common Stock will be entitled to receive distributions as a result of the transaction, (iii) a brief description of the transaction, (iv) a brief description of the distributions to be made to holders of Common Stock as a result of the transaction, and (v) an estimate of the fair value of the distributions. On the date of the transaction, if it actually occurs, the Conversion Right granted under this Note shall terminate.

Company Liquidation. In the event a voluntary or involuntary dissolution, liquidation or winding up of the Company (other than in connection with a consolidation, merger or sale of all or substantially all of the assets of the Company) is at any time proposed, the Company shall give at least ten (10) days’ ' written notice to Payee prior to the record date as of which holders of Common Stock will be entitled to receive distributions as a result of the proposed transaction. Such notice shall contain: (i) the date on which the transaction is to take place, (ii) the record date as of which holders of Common Stock will be entitled to receive distributions as a result of the transaction, (iii) a brief description of the transaction, (iv) a brief description of the distributions to be made to holders of Common Stock as a result of the transaction, and (v) an estimate of the fair value of the distributions. On the date of the transaction, if it actually occurs, the Conversion Right granted under this Note shall terminate.

Company Liquidation. In the event a voluntary or involuntary dissolution, liquidation or winding up of the Company (other than in connection with a consolidation, merger or sale of all or substantially all of the assets of the Company) is at any time proposed, the Company shall give at least ten (10) days’ ' written notice to Payee the registered holder prior to the record date as of which holders of the Company's Common Stock will be entitled to receive distributions as a result of the proposed transaction. Such notice shall contain: (i) the date on which the transaction is to take place, ; (ii) the record date as of which holders of Common Stock will be entitled to receive distributions as a result of the transaction, ; (iii) a brief description of the transaction, ; (iv) a brief description of the distributions to be made to holders of Common Stock as a result of the transaction, ; and (v) an estimate of the fair value of the distributions. On the date of the transaction, if it actually occurs, the Conversion Right conversion right granted under this Note instrument shall terminate.