Common use of Interim Dividends Clause in Contracts

Interim Dividends. If the Company pays a dividend or makes a distribution to the holders of its capital stock of any securities (other than its capital stock) or property (including cash and securities of other companies) of the Company, or any rights, options or warrants to purchase securities (other than its capital stock) or property (including securities of other companies) of the Company, then, simultaneously with the payment of such dividend or the making of such distribution, and as a condition precedent to its right to do so, it will pay or distribute to the Holder of this Warrant an amount of property (including without limitation cash) and securities (including without limitation securities of other companies) of the Company as would have been received by such Holder had it exercised this Warrant and received all of the Shares of Common Stock issuable upon the exercise of this Warrant immediately prior to the record date (or other applicable date) used for determining stockholders of the Company entitled to receive such dividend or distribution.

Appears in 6 contracts

Samples: Stock Purchase Warrant (Home Solutions of America Inc), Stock Purchase Warrant (Home Solutions of America Inc), Stock Purchase Warrant (Home Solutions of America Inc)

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