Acquisition Transaction. The Company shall provide to the holder of this Warrant written notice not less than thirty (30) business days prior to the anticipated closing of an Acquisition Transaction of the anticipated closing of such transaction and a brief summary of the business terms thereof. The holder of this Warrant will in such case be entitled to exercise this Warrant, effective immediately prior to the closing of the Acquisition Transaction (subject to the completion of such closing), as provided in Section 1.1 hereof by delivery of an executed Notice of Exercise and payment of the exercise price not less than five (5) days prior to such closing. In the event the closing of an Acquisition Transaction does not occur for any reason, such Notice of Exercise will be of no force or effect.
Appears in 2 contracts
Samples: Spectra Systems Corp, Spectra Systems Corp
Acquisition Transaction. The Company shall provide to the holder Holder of this Warrant written notice not less than thirty (30) business days prior to the anticipated closing of an Acquisition Transaction of the anticipated closing of such transaction and a brief summary of the business terms thereof. The holder Holder of this Warrant will in such case be entitled to exercise this Warrant, effective immediately prior to the closing of the Acquisition Transaction (subject to the completion of such closing), as provided in Section 1.1 hereof by delivery of an executed Notice of Exercise and payment of the exercise price not less than five (5) days prior to such closing. In the event the closing of an Acquisition Transaction does not occur for any reason, such Notice of Exercise will be of no force or effect.
Appears in 1 contract
Samples: Spectra Systems Corp
Acquisition Transaction. The Company shall provide to the holder of this Warrant written notice not less than thirty (30) business days prior to the anticipated closing of an Acquisition Transaction of the anticipated closing of such transaction and a brief summary of the business terms thereof. The holder of this Warrant will in such case be entitled to exercise this Warrant, effective immediately prior to the closing of the Acquisition Transaction (subject to the completion of such closing), as provided in Section 1.1 hereof by delivery of an executed Notice of Exercise and payment of the exercise price not less than five (5) days prior to such closing. In the event the closing of an Acquisition Transaction does not occur for any reason, such Notice of Exercise will be of no force or effect.
Appears in 1 contract
Samples: Spectra Systems Corp