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 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 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/or 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. Anything in Section 5 to the contrary notwithstanding, no adjustment to the Exercise Price shall be made for any distribution of Convertible Securities of the Company to the Holder pursuant to the provisions of this Section 8.

Appears in 4 contracts

Samples: Stock Purchase Warrant (Buildnet Inc), Stock Purchase Warrant (Buildnet Inc), Interactive Magic Inc /Md/

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Interim Dividends. If the Company pays a dividend or makes a distribution to the holders of its capital stock of any securities (other than 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 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/or 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. Anything in Section 5 to the contrary notwithstanding, no adjustment to the Exercise Price shall be made for any distribution of Convertible Securities of the Company to the Holder pursuant to the provisions of this Section 8.

Appears in 1 contract

Samples: Stock Purchase Warrant (Buildnet Inc)

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Interim Dividends. If the Company pays a dividend or makes a distribution to the holders of its capital stock of any securities (other than 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 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/or securities (including without limitation 6 7 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. Anything in Section 5 to the contrary notwithstanding, no adjustment to the Exercise Price shall be made for any distribution of Convertible Securities of the Company to the Holder pursuant to the provisions of this Section 8.

Appears in 1 contract

Samples: Stock Purchase Warrant (Buildnet Inc)

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