Common use of NOTICE OF EXTRAORDINARY DIVIDENDS Clause in Contracts

NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of the Company shall declare any dividend or other distribution on its 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 not less than 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the 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 are exercised prior to such record date. The provisions of this Section 6.7 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 6.5 hereof. 18 Exhibit 4.1

Appears in 1 contract

Samples: Note Agreement (Soy Environmental Products Inc)

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NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of the Company shall declare any dividend or other distribution on its 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 not less than 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the 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 are exercised prior to such record date. The provisions of this Section 6.7 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 6.5 hereof. 18 Exhibit 4.117

Appears in 1 contract

Samples: Private Placement Memorandum (Soy Environmental Products Inc)

NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of the Company shall declare any dividend or other distribution on its 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 Holder not less than 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the Holders 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 6.4(b6.5(b)) unless and to the extent that such conversion rights are exercised prior to such record date. The provisions of this Section 6.7 6.8 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 6.5 6.6 hereof. 18 Exhibit 4.1.

Appears in 1 contract

Samples: Convertible Note Agreement (Solpower Corp)

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NOTICE OF EXTRAORDINARY DIVIDENDS. If the Board of Directors of the Company shall declare any dividend or other distribution on its 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 not less than 15 days prior to the record date fixed for determining shareholders entitled to participate in such dividend or other distribution and the 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(b6.5(b)) unless and to the extent that such conversion rights are exercised prior to such record date. The provisions of this Section 6.7 6.8 shall not apply to distributions covered by Section 6.4(a) or made in connection with transactions covered by Section 6.5 6.6 hereof. 18 Exhibit 4.1.

Appears in 1 contract

Samples: Note Agreement (Solpower Corp)

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