Acceleration on Merger, Consolidation. In the event of (i) any consolidation or merger of the Company with or into any other corporation or other entity or person, or any other company reorganization in which the Company shall not be the continuing or surviving entity, or any transaction or series of related transactions by the Company in which in excess of fifty percent (50%) of the Company’s voting power is issued for the purpose of combining with or acquisition by one or more corporations or other entities or persons; or (ii) a sale, conveyance or disposition of all or substantially all of the assets of the Company, then the principal and accrued interest on this Note shall be due and payable at the closing of any such transaction (either event, a “Change in Control”).
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Carter Daryl J), Assignment and Assumption Agreement (Chookaszian Dennis), Convertible Note Purchase Agreement (Paragon Real Estate Equity & Investment Trust)
Acceleration on Merger, Consolidation. In the event of (i) any ------------------------------------- consolidation or merger of the Company with or into any other corporation or other entity or person, or any other company corporate reorganization in which the Company shall not be the continuing or surviving entity, or any transaction or series of related transactions by the Company in which in excess of fifty percent (50%) % of the Company’s 's voting power is issued for the purpose of combining with or acquisition by one or more corporations or other entities or persons; or (ii) a sale, conveyance or disposition of all or substantially all of the assets of the Company, then then, at the election of Holder made by written notice given to the Company, the principal and accrued interest on this Note shall be due and payable at the closing of any such transaction (either event, a “Change in Control”)transaction.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Ward North America Holding Inc), Convertible Promissory Note and Loan Agreement (Anchor Pacific Underwriters Inc)
Acceleration on Merger, Consolidation. In the event of (i) any consolidation or merger of the Company with or into any other corporation or other entity or person, or any other company corporate reorganization in which the Company shall not be the continuing or surviving entity, or any transaction or series of related transactions by the Company in which in excess of fifty percent (50%) % of the Company’s 's voting power is issued for the purpose of combining with or acquisition by one or more corporations or other entities or persons; or (ii) a sale, conveyance or disposition of all or substantially all of the assets of the Company, then the principal and accrued interest on this Note Debenture shall be due and payable at the closing of any such transaction (either event, a “Change in Control”)transaction.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (Disc Inc/Ca)
