Common use of Deemed Liquidation Event Clause in Contracts

Deemed Liquidation Event. i. Each of the following events shall be considered a “Deemed Liquidation Event” unless the holders of at least a majority of the outstanding shares of Series A Preferred Stock elect otherwise by written notice, sent to the Corporation at least ten (10) days prior to the effective date of any such event:

Appears in 3 contracts

Samples: Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Id Systems Inc)

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Deemed Liquidation Event. i. Each of the following events shall be considered a “Deemed Liquidation Event” unless the holders of at least a majority 66% of the outstanding shares of Series A Preferred Stock elect otherwise by written notice, notice sent to the Corporation Company at least ten (10) 10 days prior to the effective date of any such event:

Appears in 1 contract

Samples: Consent Agreement (ExamWorks Group, Inc.)

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