Common use of Liquidation; Dissolution Clause in Contracts

Liquidation; Dissolution. If the Company shall dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Price for the shares of Common Stock for which this Warrant is exercisable, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Exercise Price for the shares of Common Stock for which this Warrant is exercisableexercised, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Exercise Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Exercise Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Exercise Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Exercise Price for the shares of Common Stock for which this Warrant is exercisableexercised, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Exercise Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Exercise Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Exercise Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, ------------------------- liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Price for the shares of Common Stock for which this Warrant is exercisable, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Warrant Price for the shares of Common Stock Shares for which this Warrant is exercisableexercised, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Warrant Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Warrant Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Warrant Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Exercise Price for the shares of Common Stock Warrant Shares for which this Warrant is exercisableexercised, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Exercise Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Exercise Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Exercise Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, liquidate ------------------------ or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Exercise Price for the shares of Common Stock for which this Warrant is exercisableexercised, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Exercise Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Exercise Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Exercise Price from the amount payable to the Holder.

Liquidation; Dissolution. If the Company shall dissolve, ------------------------ liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant effective as of the date of such dissolution, liquidation or winding up. If any such dissolution, liquidation or winding up results in any cash distribution to the Holder in excess of the aggregate Purchase Price for the shares of Common Stock for which this Warrant is exercisable, then the Holder may, at its option, exercise this Warrant without making payment of such aggregate Purchase Price and, in such case, the Company shall, upon distribution to the Holder, consider such aggregate Purchase Price to have been paid in full, and in making such settlement to the Holder, shall deduct an amount equal to such aggregate Purchase Price from the amount payable to the Holder.