Common use of Other Dividends Clause in Contracts

Other Dividends. Pay a cash dividend on, or make any distribution of its assets upon or with respect to (including, but not limited to, a distribution of its property as a dividend in liquidation or partial liquidation or by way of return of capital), the Common Stock (other than as described in clause (i) of this subsection (c)), then on the record date for such payment or distribution, this Warrant shall represent a right to acquire upon exercise, in addition to the number of Warrant Shares under this Warrant, and without payment of any additional consideration therefor, the amount of such dividend or additional stock or other Securities or property of the Issuer to which such Holder would have been entitled upon such date if such Holder had exercised this Warrant immediately prior thereto.

Appears in 8 contracts

Samples: Subordination Agreement (Xplore Technologies Corp), Compensation and Security Agreement (Xplore Technologies Corp), Xplore Technologies Corp

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