Common use of Assignments and Transfers by the Company Clause in Contracts

Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignment, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person (each, a “Reorganization”), from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

Appears in 2 contracts

Samples: Registration Rights Agreement (Enova Systems Inc), Registration Rights Agreement (Enova Systems Inc)

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Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignmentHolders, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person entity, the agreements executed by the Company shall expressly provide that (each, a “Reorganization”), and such transaction shall be conditioned upon the inclusion of the following provisions) from and after the effective time of such transaction: (i) such entity shall assume, such Person shall, and by virtue of such transaction, transaction be deemed to have assumed assumed, the obligations of the Company hereunder, (ii) the term “Company” shall be deemed to refer to such Person entity, and (iii) the term “Registrable Securities” shall be deemed to include the securities received by the Investors Holders in connection with such transaction unless such securities are otherwise freely tradable by the Investors Holders after giving effect to such transaction.

Appears in 2 contracts

Samples: Registration Rights Agreement (Authentidate Holding Corp), Registration Rights Agreement (Authentidate Holding Corp)

Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignment, Investors; provided, however, that no consent of the Required Investors shall be required in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person (each, a “Reorganization”)Person, from and after the effective time of such transaction, and such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, in which case the term “Company” shall be deemed to refer to such Person and the term terms Registrable Securities” and “Other Registrable Securities” shall be deemed to include the securities received by the Investors and the Other Holders, as applicable, in connection with such transaction unless such securities are otherwise freely tradable by the Investors and the Other Holders, as applicable, after giving effect to such transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (hopTo Inc.)

Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignmentVB Funding, in its sole discretion; provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person (each, a “Reorganization”)Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received or to be received by the Investors in connection with such transaction (as though the Note and the Warrants had been converted into shares of Common Stock immediately prior to such transaction) unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (GRANDPARENTS.COM, Inc.)

Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), The provisions of this Agreement shall be binding upon and inure to the benefit of the Company and its permitted successors and assigns. This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignmentInvestors, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person (each, a “Reorganization”)Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (Lakeland Industries Inc)

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Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignment, Holders; provided, however, that no consent of the Required Holders shall be required in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is Shares are converted into the equity securities of another Person (each, a “Reorganization”)Person, from and after the effective time of such transaction, and such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, in which case the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors Holders in connection with such transaction unless such securities are otherwise freely tradable by the Investors Holders after giving effect to such transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (hopTo Inc.)

Assignments and Transfers by the Company. Except in connection with a Reorganization (as defined below), this This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors existing at the time of such assignmentLender, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person (each, a “Reorganization”)Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received or to be received by the Investors in connection with such transaction (as though the Note and the Warrants had been converted into shares of Common Stock immediately prior to such transaction) unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (GRANDPARENTS.COM, Inc.)

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