Assumption of Warrant. Upon the closing of any Acquisition where the consideration for the Acquisition to be received by the Company's stockholders consists solely of stock or securities of the acquirer or an entity affiliated with the acquirer, the successor entity shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same securities as would be payable for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent closing thereof. The Warrant Price shall be adjusted accordingly.
Appears in 3 contracts
Samples: Cellegy Pharmaceuticals Inc, Adaptec Inc, Adaptec Inc
Assumption of Warrant. Upon the closing of any Acquisition where the consideration for the Acquisition to be received by the Company's stockholders shareholders consists solely or in part of stock or securities of the acquirer or an entity affiliated with the acquirer, the successor entity shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same securities as would be payable for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent closing thereof. The Warrant Price shall be adjusted accordingly.
Appears in 2 contracts
Samples: Imbimbo Dallas, Kovacevich Nicholas
Assumption of Warrant. Upon the closing of any Acquisition --------------------- where the consideration for the Acquisition to be received by the Company's stockholders shareholders consists solely of stock or securities of the acquirer or an entity affiliated with the acquirer, the successor entity shall assume the obligations of this Warrant, and this Warrant shall be become exercisable (solely in accordance with to the provisions of Section 1.1) for the same securities as would be payable for the Shares issuable upon exercise of subject to the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent closing thereof. The Warrant Price shall be adjusted accordingly.
Appears in 2 contracts
Samples: Oni Systems Corp, Oni Systems Corp
Assumption of Warrant. Upon the closing of any Acquisition where the consideration for the Acquisition to be received by the Company's ’s stockholders consists solely of stock or securities of the acquirer or an entity affiliated with the acquirer, the successor entity shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same securities as would be payable for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent closing thereofclosing. The Warrant Price shall be adjusted accordingly.
Appears in 1 contract
Samples: G1 Therapeutics, Inc.