Common use of Assumption of Warrant Clause in Contracts

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

AutoNDA by SimpleDocs

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

AutoNDA by SimpleDocs

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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!