Common use of Certain Requirements Clause in Contracts

Certain Requirements. The Company shall not enter into any Corporate Reorganization, unless: (i) the Successor Company shall execute, prior to or contemporaneously with the consummation of such Corporate Reorganization, such instruments as are necessary or advisable to evidence the assumption by the Successor Company of all of the obligations of the Company, as the case may be, under this Debenture; (ii) such Corporate Reorganization shall be upon such terms as to preserve and not to impair any of the rights and powers of the Holder hereunder; and (iii) no condition or event shall exist as to the Company or the Successor Company either at the time of or immediately after such Corporate Reorganization and after giving full effect thereto or immediately after the Successor Company complying with the provisions of subsection 8.1(i) above which constitutes or would constitute an Event of Default hereunder.

Appears in 4 contracts

Samples: Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.)

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Certain Requirements. The Company shall not enter into any Corporate Reorganization, unless: (i) the Successor Company shall execute, prior to or contemporaneously with the consummation of such Corporate Reorganization, such instruments as are necessary or advisable to evidence the assumption by the Successor Company of all of the obligations of the Company, as the case may be, under this Debenture; ; (ii) such Corporate Reorganization shall be upon such terms as to preserve and not to impair any of the rights and powers of the Holder hereunder; and and (iii) no condition or event shall exist as to the Company or the Successor Company either at the time of or immediately after such Corporate Reorganization and after giving full effect thereto or immediately after the Successor Company complying with the provisions of subsection 8.1(i5.1(i) above which constitutes or would constitute an Event of Default hereunder.

Appears in 2 contracts

Samples: Subscription Agreement (Empire Global Corp.), Subscription Agreement (Empire Global Corp.)

Certain Requirements. The Company shall not enter into any Corporate Reorganization, unless: (i) i. the Successor Company shall execute, prior to or contemporaneously with the consummation of such Corporate Reorganization, such instruments as are necessary or advisable to evidence the assumption by the Successor Company of all of the obligations of the Company, as the case may be, under this Debenture; (ii) . such Corporate Reorganization shall be upon such terms as to preserve and not to impair any of the rights and powers of the Holder hereunder; and (iii) . no condition or event shall exist as to the Company or the Successor Company either at the time of or immediately after such Corporate Reorganization and after giving full effect thereto or immediately after the Successor Company complying with the provisions of subsection 8.1(i) above which constitutes or would constitute an Event of Default hereunder.

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

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Certain Requirements. The Company shall not enter into any Corporate Reorganization, unless: (i) the Successor Company shall execute, prior to or contemporaneously with the consummation of such Corporate Reorganization, such instruments as are necessary or advisable to evidence the assumption by the Successor Company of all of the obligations of the Company, as the case may be, under this Debenture; (ii) such Corporate Reorganization shall be upon such terms as to preserve and not to impair any of the rights and powers of the Holder hereunder; and (iii) no condition or event shall exist as to the Company or the Successor Company either at the time of or immediately after such Corporate Reorganization and after giving full effect thereto or immediately after the Successor Company complying with the provisions of subsection 8.1(i5.1(i) above which constitutes or would constitute an Event of Default hereunder.

Appears in 1 contract

Samples: Subscription Agreement (Newgioco Group, Inc.)

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