Common use of Effect of Dissolution or Liquidation Clause in Contracts

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(c) of any holder of an Underwriters' Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant shall be given written notice of such proposal at the earlier of (A) the time when the Company's shareholders are first given notice of the proposal or (B) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' Underwriter Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Underwriter Warrant shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' Warrant the Representative's Warrants and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant the Representative's Warrants shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' a Representative's Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' a Representative's Warrant shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Oklahoma (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwritersa Representatives' Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwritersa Representatives' Warrant shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Colorado (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' Warrant the Representative's Warrants and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant the Representative's Warrants shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date date. upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(c6(c) of any holder of an Underwriters' a Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' a Warrant shall be given written notice of such proposal at the earlier of (Ai) the time when the Company's shareholders are first given notice of the proposal or (Bii) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Warrant Agreement and the Warrants shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 7(b) of any holder of an Underwriters' Warrant Warrantholder and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant Warrantholder shall be given written notice of such proposal at the earlier of (A1) the time when the Company's shareholders are first given notice of the proposal or and (B2) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Oklahoma (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' a Representative's Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' a Representative's Warrant shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwritersthe Representatives' Warrant Warrants and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwritersthe Representatives' Warrant Warrants shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' a Representative=s Warrant and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' a Representative=s Warrant shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Colorado (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwritersthe Representatives' Warrant Warrants and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwritersthe Representatives' Warrant Warrants shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date date. upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(c6(c) of any holder of an Underwriters' Warrant Underwriter Warrant, and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Underwriter Warrant shall be given written notice of such proposal at the earlier of (Ai) the time when the Company's shareholders are first given notice of the proposal proposal, or (Bii) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall ------------------------------------ dissolve or liquidate all or substantially all of its assets, all rights under this Warrant Agreement and the Warrants shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 7(b) of any holder of an Underwriters' Warrant Warrantholder and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant Warrantholder shall be given written notice of such proposal at the earlier of (A1) the time when the Company's shareholders are first given notice of the proposal or and (B2) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Colorado (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date date. upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(c6(c) of any holder of an Underwriters' Warrant Underwriter Warrant, and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Underwriter Warrant shall be given written notice of such proposal at the earlier of (Ai) the time when the Company's shareholders are first given notice of the proposal proposal, or (Bii) the time when notice to the Company's shareholders is first required.

Effect of Dissolution or Liquidation. In case the Company shall dissolve or liquidate all or substantially all of its assets, all rights under this Agreement shall terminate as of the date upon which a certificate of dissolution or liquidation shall be filed with the Secretary of the State of Delaware Texas (or, if the Company theretofore shall have been merged or consolidated with a corporation incorporated under the laws of another state, the date upon which action of equivalent effect shall have been taken); provided, however, that (i) no dissolution or liquidation shall affect the rights under Subsection 7(cSection 6(c) of any holder of an Underwriters' Warrant the Xxxxx'x Warrants and (ii) if the Company's Board of Directors shall propose to dissolve or liquidate the Company, each holder of an Underwriters' Warrant the Xxxxx'x Warrants shall be given written notice of such proposal at the earlier of (Ax) the time when the Company's shareholders are first given notice of the proposal or (By) the time when notice to the Company's shareholders is first required.