Common use of Continuation of Terms Clause in Contracts

Continuation of Terms. Except as otherwise expressly provided in Subsection 4.1, upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred to in this Section 4, this Option shall continue in full force and effect and the terms hereof shall be applicable to the shares of stock and other securities and property receivable on the exercise of this Option after the consummation of such reorganization, consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding upon the issuer of any such stock or other securities, including, in the case of any such transfer, the person acquiring all or substantially all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Option as provided in Section 4.1.

Appears in 11 contracts

Samples: Employment Agreement (Western Media Group Corp), Employment Agreement (Western Media Group Corp), Employment Agreement (Medlink International, Inc.)

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Continuation of Terms. Except as otherwise expressly provided in Subsection 4.1, upon Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred to in this Section 4, this Option shall Warrant will continue in full force and effect and the terms hereof shall will be applicable to the shares of stock and other securities and securities, cash, and/or property receivable on the exercise of this Option Warrant after or simultaneously with the consummation of such reorganization, consolidation consolidation, or merger or the effective date of dissolution following any such transfer, as the case may be, and shall will be binding upon the issuer of any such stock or other securities, including, in the case of any such transfer, transfer the person or entity acquiring all or substantially all of the properties or assets of the Company, whether or not such person shall have or entity expressly assumed assumes the terms of Company's obligations under this Option Warrant as provided in Section 4.15 hereof.

Appears in 3 contracts

Samples: Epicept Corp, Epicept Corp, Epicept Corp

Continuation of Terms. Except as otherwise expressly provided in Subsection 4.1, upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred to in this Section 4, this Option Warrant shall continue in full force and effect and the terms hereof shall be applicable to the shares of stock and other securities and property receivable on the exercise of this Option Warrant after the consummation of such reorganization, consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding upon the issuer of any such stock or other securities, including, in the case of any such transfer, the person acquiring all or substantially all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Option Warrant as provided in Section 4.1.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Tengtu International Corp), Unit Purchase Agreement (Tengtu International Corp)

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Continuation of Terms. Except as otherwise expressly provided in Subsection 4.1, upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred to in this Section 4, this Option Warrant shall continue in full force and effect and the terms hereof shall be applicable to the shares of stock and Other Securities and other securities and property receivable on the exercise of this Option Warrant after the consummation of such reorganization, consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding upon the issuer of any such stock or other securitiesOther Securities, including, in the case of any such transfer, the person acquiring all or substantially all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Option Warrant as provided in Section 4.1.

Appears in 1 contract

Samples: Common Stock Purchase (Oxis International Inc)

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