NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of --------------------------------- the Company shall declare any dividend or other distribution on its capital stock except out of retained earnings or by way of a stock dividend payable in shares of its Common Stock on its Common Stock, the Company shall mail notice thereof to the registered holders of the Debentures not less than 20 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the holders of the Debentures shall not participate in such dividend or other distribution or be entitled to any rights on account or as a result thereof unless and to the extent that such conversion rights, to the extent such rights then are exercisable, are exercised prior to such record date. The provisions of this Section 7.6 shall not apply to distributions made in connection with transactions covered by Section 7.4.
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Samples: Convertible Debenture Purchase Agreement (Zoltek Companies Inc)
NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of --------------------------------- the Company shall declare any dividend or other distribution on its capital stock Common Stock except out of retained earnings or by way of a stock dividend payable in shares of its Common Stock on its Common Stock, the Company shall mail notice thereof to the registered holders of the Debentures Holders not less than 20 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the holders of the Debentures Holders shall not participate in such dividend or other distribution or be entitled to any rights on account or as a result thereof (except adjustments as provided in Section 6.5(b)) unless and to the extent that such conversion rights, to the extent such rights then are exercisable, are exercised prior to such record date. The provisions of this Section 7.6 6.8 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 7.46.6 hereof.
Appears in 1 contract
Samples: Note Agreement (Solpower Corp)
NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of --------------------------------- the Company shall declare any dividend or other distribution on its capital stock Common Stock except out of retained earnings or by way of a stock dividend payable in shares of its Common Stock on its Common Stock, the Company shall mail notice thereof to the registered holders of the Debentures Holders not less than 20 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the holders of the Debentures Holders shall not participate in such dividend or other distribution or be entitled to any rights on account or as a result thereof (except adjustments as provided in Section 6.4(b)) unless and to the extent that such conversion rights, to the extent such rights then are exercisable, are exercised prior to such record date. The provisions of this Section 7.6 6.7 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 7.4.6.5 hereof. 18 Exhibit 4.1
Appears in 1 contract
NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of --------------------------------- the Company shall declare any dividend or other distribution on its capital stock Common Stock except out of retained earnings or by way of a stock dividend payable in shares of its Common Stock on its Common Stock, the Company shall mail notice thereof to the registered holders of the Debentures Holders not less than 20 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the holders of the Debentures Holders shall not participate in such dividend or other distribution or be entitled to any rights on account or as a result thereof (except adjustments as provided in Section 6.4(b)) unless and to the extent that such conversion rights, to the extent such rights then are exercisable, are exercised prior to such record date. The provisions of this Section 7.6 6.7 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 7.4.6.5 hereof. 17
Appears in 1 contract
NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of --------------------------------- the Company shall declare any dividend or other distribution on its capital stock Common Stock except out of retained earnings or by way of a stock dividend payable in shares of its Common Stock on its Common Stock, the Company shall mail notice thereof to the registered holders of the Debentures Holder not less than 20 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the holders of the Debentures Holder shall not participate in such dividend or other distribution or be entitled to any rights on account or as a result thereof (except adjustments as provided in Section 6.5(b)) unless and to the extent that such conversion rights, to the extent such rights then are exercisable, are exercised prior to such record date. The provisions of this Section 7.6 6.8 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 7.46.6 hereof.
Appears in 1 contract
Samples: Note Agreement (Solpower Corp)