Common use of Liquidation etc Clause in Contracts

Liquidation etc. Upon any liquidation, dissolution or winding up of the Company, the holder shall receive such cash or property (less the product of the Exercise Price times the number of Warrant Shares for which this Warrant is exercisable) which the Holder would have been entitled to receive upon the happening of such liquidation, dissolution or winding up had the Warrants been exercised and the Warrant Shares issued immediately prior to the occurrence of such liquidation, dissolution or winding up.