Common use of Liquidating Dividends, Etc Clause in Contracts

Liquidating Dividends, Etc. Make a distribution of its property to the holders of its Common Stock as a dividend in liquidation or partial liquidation or by way of return of capital or other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the holders of this Warrant shall, upon exercise hereof, be entitled to receive, in addition to the number of shares of Common Stock receivable hereupon, and without payment of any consideration therefor, a sum equal to the amount of such property as would have been payable to them as owners of that number of shares of Common Stock of the Company receivable upon such exercise, had they been the holders of record of such Common Stock on the record date for such distribution; and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 7 contracts

Samples: Warrant Agreement (Casablanca Mining Ltd.), Stock Purchase Warrant (Taylor Capital Group Inc), Stock Purchase Warrant (Taylor Capital Group Inc)

AutoNDA by SimpleDocs

Liquidating Dividends, Etc. Make a distribution of its property Property to the holders Holders of its Common Stock as a dividend in liquidation or partial liquidation or by way of return of capital or other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the holders Holders of this Warrant shall, upon exercise hereof, be entitled to receive, in addition to the number of shares of Common Stock receivable hereuponthereupon, and without payment of any consideration therefor, a sum equal to the amount of such property Property as would have been payable to them as owners of that number of shares of Common Stock of the Company Corporation receivable upon such exercise, had they been the holders Holders of record of such Common Stock on or the record date for such distribution; , and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 2 contracts

Samples: Warrant Agreement (SSP Solutions Inc), Warrant Agreement (SSP Solutions Inc)

AutoNDA by SimpleDocs

Liquidating Dividends, Etc. Make a distribution of its property to the holders of its Common Stock as a dividend in liquidation or partial liquidation or by way of return of capital or other than as a dividend payable out of funds legally available for dividends under the laws of the State of Delaware, the holders Holder of this Warrant shall, upon exercise hereof, be entitled to receive, in addition to the number of shares of Common Stock receivable hereupon, and without payment of any consideration therefor, a sum equal to the amount of such property as would have been payable to them as owners of that number of shares of Common Stock of the Company Corporation receivable upon such exercise, had they been the holders of record of such Common Stock on the record date for such distribution; and an appropriate provision therefor shall be made a part of any such distribution.

Appears in 2 contracts

Samples: Warrant Agreement (Armitec Inc), Warrant Agreement (Armitec Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!