Company Sale. In the event that the Company consummates a Company Sale (as defined below) prior to any one of the Subsequent Closings (as defined below), and the Channel Agreement is transferred or assigned to the buyer or assigned to the buyer in connection with such Company Sale, the Company and Intrexon agree that payments under Sections 1.2 and 1.3 of this Agreement shall be payable only in cash following the Company Sale.
Appears in 2 contracts
Samples: Stock Issuance Agreement, Stock Issuance Agreement (Synthetic Biologics, Inc.)
Company Sale. In the event that If the Company consummates a Company Sale (as defined below) prior to any one of the Subsequent Milestone Closings (as defined below), ) and the Channel Agreement is transferred or assigned to the buyer or assigned to the buyer in connection with such Company Sale, then the Company and Intrexon agree that payments under Sections Section 1.2 and 1.3 of this Agreement shall be payable only in cash following the Company Sale.
Appears in 1 contract
Company Sale. In the event that the Company consummates a Company Sale (as defined below) prior to any one of the Subsequent Closings (as defined below), and the Channel Agreement is transferred or assigned to the buyer or assigned to the buyer in connection with such Company Sale, the Company and Intrexon agree that payments under Sections Section 1.2 and 1.3 of this Agreement shall be payable only in cash following the Company Sale.
Appears in 1 contract
Samples: Stock Issuance Agreement (AmpliPhi Biosciences Corp)