Common use of Dissolution or Liquidation Clause in Contracts

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise this Warrant within 30 days from the date of the mailing of such notice, and all rights herein granted not so exercised within such 30 day period shall thereafter become null and void.

Appears in 9 contracts

Samples: Registration Rights Agreement (Atc Healthcare Inc /De/), Warrant Agreement (Atc Healthcare Inc /De/), Warrant Agreement (Semotus Solutions Inc)

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Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the Company shall mail notice thereof to the holder Holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder Holder of this Warrant may exercise this Warrant within 30 days from the date of the mailing of such notice, and all rights herein granted not so exercised within such 30 day period shall thereafter become null and void.

Appears in 6 contracts

Samples: Warrant Agreement (Monaker Group, Inc.), Warrant Agreement (Monaker Group, Inc.), Warrant Agreement (Monaker Group, Inc.)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise this Warrant within 30 days from the date of the mailing of such notice, and all rights herein granted not so exercised within such 30 day period shall thereafter become null and void.

Appears in 5 contracts

Samples: Warrant Agreement (Realbiz Media Group, Inc), Warrant Agreement (Next 1 Interactive, Inc.), Warrant Agreement (Next 1 Interactive, Inc.)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the payable, Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 4 contracts

Samples: Warrant Agreement (Horizon Pharmacies Inc), Warrant Agreement (Horizon Pharmacies Inc), Warrant Agreement (Horizon Pharmacies Inc)

Dissolution or Liquidation. In the event of Upon any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 (S) 5 shall be applicable) ), the Company shall mail notice thereof to the holder of this Warrant Holder and shall make no distribution to shareholders until the expiration of 30 60 days from the date of mailing of the aforesaid such notice and, in any such case, the holder Holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 60 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 60-day period shall thereafter become null and void.

Appears in 4 contracts

Samples: Warrant Agreement (CPS Systems Inc), Warrant Agreement (CPS Systems Inc), Warrant Agreement (CPS Systems Inc)

Dissolution or Liquidation. In the event of SECTION 7.01 Upon any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 0 or 0 shall be applicable) ), the Company shall mail notice thereof to the holder of this Warrant Employee and shall make no distribution to its shareholders until the expiration of 30 days from the date of mailing of the aforesaid such notice and, in any such caseevent, the holder of this Warrant Employee may exercise the purchase rights with respect to this Warrant Option within 30 days from the date of the mailing of such notice, and all . All rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Advanced Systems International Inc), Nonqualified Stock Option Agreement (Advanced Systems International Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) , the Company shall mail notice thereof in the manner provided in Section 17 hereof to the holder Holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder Holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 2 contracts

Samples: Warrant Agreement (Nexell Therapeutics Inc), Warrant Agreement (Nexell Therapeutics Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company Corporation in dissolution or liquidation (except under circumstances when the foregoing Section 4 3 shall be applicable) , the Company Corporation shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Annies Homegrown Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 3.5 or Section 4 shall be applicable) , the Company shall mail notice thereof in the manner provided in Section 17 hereof to the holder Holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder Holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Flow International Corp)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the payable, Company shall mail notice (including specific details and amounts to be distributed) thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing receipt of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of receipt such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Horizon Pharmacies Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders stockholders until the expiration of 30 thirty (30) days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 thirty (30) days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 thirty (30) day period shall thereafter become null and void.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Defense Group Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 3.5 or Section 4 shall be applicable) , the Company shall mail notice thereof in the manner provided in Section 17hereof to the holder Holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder Holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Flow International Corp)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 2 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 60 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 60 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 60-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Morton Industrial Group Inc)

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Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) , the Company shall mail notice thereof in the manner provided in Section 15 to the holder Holder of this Warrant and shall make no distribution to shareholders stockholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder Holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Varsity Group Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) the , Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Horizon Pharmacies Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section § 4 shall be applicable) the , Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Credit Agreement (Accentia Biopharmaceuticals Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 3 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Platinum Entertainment Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Vision Twenty One Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 3 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 30- day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (Platinum Entertainment Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 3 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 20 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 20 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 20-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Dissolution or Liquidation. In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances when the foregoing Section 4 3 shall be applicable) , the Company shall mail notice thereof to the holder of this Warrant and shall make no distribution to shareholders until the expiration of 30 60 days from the date of mailing of the aforesaid notice and, in any such case, the holder of this Warrant may exercise the purchase rights with respect to this Warrant within 30 60 days from the date of the mailing of such notice, notice and all rights herein granted not so exercised within such 30 60-day period shall thereafter become null and void.

Appears in 1 contract

Samples: Warrant Agreement (American Homestar Corp)

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