Common use of Efforts to Remain Listed Clause in Contracts

Efforts to Remain Listed. During the Calculation Period, Parent shall take commercially reasonable efforts for Parent to remain listed as a public company on, and for the Parent Class A Common Stock to be listed on and tradable over, Nasdaq; provided, however, that the foregoing shall not limit Parent from consummating a Change in Control or entering into a Contract that contemplates a Change in Control of Parent. Upon the consummation of any Change in Control of Parent during the Calculation Period, other than as set forth in Section 3(c), Parent shall have no further obligations pursuant to this Section 3(d).

Appears in 6 contracts

Samples: Safe (Simple Agreement for Future Equity) (Aerkomm Inc.), Safe (Simple Agreement for Future Equity) (IX Acquisition Corp.), Safe (Simple Agreement for Future Equity) (Aerkomm Inc.)

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Efforts to Remain Listed. During the Calculation Period, Parent shall take commercially reasonable efforts for Parent to remain listed as a public company on, and for the Parent Class A Common Stock to be listed on and tradable over, Nasdaq; provided, however, that the foregoing shall not limit Parent from consummating a Change in Control or entering into a Contract that contemplates a Change in Control of Parent. Upon the consummation of any Change in Control of Parent during the Calculation Period, other than as set forth in Section 3(c3.7(c), Parent shall have no further obligations pursuant to this Section 3(d3.7(d).

Appears in 2 contracts

Samples: Merger Agreement (IX Acquisition Corp.), Merger Agreement (Aerkomm Inc.)

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