Common use of Dividends, Distributions, Etc Clause in Contracts

Dividends, Distributions, Etc. 6.1 If the Optionor shall at any time prior to the Expiry Time pay any dividend or make any distribution (whether or not payable in shares or other securities of the Optionor), or make any payment by way of return of capital on or in respect of the Shares, the Optionee shall be entitled to receive upon any exercise thereafter of the Option (in addition to the number of Optioned Shares that the Optionee otherwise would have been entitled to receive on the exercise of the Option) such additional number of shares or other securities of the appropriate class of the Optionor or such capital payment as would have been payable on the Shares that would have been issuable on such exercise of the Option if they had been outstanding on the record date for payment of such dividend or distribution or capital payment, and the Optionor covenants and agrees that in the event of the payment of any dividend or distribution payable in any shares or other securities of the Optionor as aforesaid it will reserve and set aside a sufficient number of shares or other securities of the appropriate class in which any such dividend or distribution shall be payable to enable it to fulfil its obligations hereunder.

Dividends, Distributions, Etc. 6.1 If the Optionor shall at any time prior to the Expiry Time Date pay any dividend or make any distribution (whether or not payable in shares or other securities of the Optionor), or make any payment by way of return of capital on or in respect of the Shares, the Optionee shall be entitled to receive upon any exercise thereafter of the Option (in addition to the number of Optioned Shares that the Optionee otherwise would have been entitled to receive on the exercise of the Option) such additional number of shares or other securities of the appropriate class of the Optionor or such capital payment as would have been payable on the Shares that would have been issuable on such exercise of the Option if they had been outstanding on the record date for payment of such dividend or distribution or capital payment, and the Optionor covenants and agrees that in the event of the payment of any dividend or distribution payable in any shares or other securities of the Optionor as aforesaid it will reserve and set aside a sufficient number of shares or other securities of the appropriate class in which any such dividend or distribution shall be payable to enable it to fulfil its obligations hereunder.

Dividends, Distributions, Etc. 6.1 If the Optionor shall at any time prior to the Expiry Time pay any dividend or make any distribution (whether or not payable in shares or other securities of the Optionor), or make any payment by way of return of capital on or in respect of the Shares, the Optionee shall be entitled to receive upon any exercise thereafter of the Option (in addition to the number of Optioned Shares that the Optionee otherwise would have been entitled to receive on the exercise of the Option) such additional number of shares or other securities of the appropriate class of the Optionor or such capital payment as would have been payable on the Shares that would have been issuable on such exercise of the Option if they had been outstanding on the record date for payment of such dividend or distribution or capital payment, and the Optionor covenants and anal agrees that in the event of the payment of any dividend or distribution payable in any shares or other securities of the Optionor as aforesaid it will reserve and set aside a sufficient number of shares or other securities of the appropriate class in which any such dividend or distribution shall be payable to enable it to fulfil fulfill its obligations hereunder.