Common use of Liquidation or Sale Clause in Contracts

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 20% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction.

Appears in 13 contracts

Samples: Securities Purchase Agreement (Net TALK.COM, Inc.), Securities Purchase Agreement (OptimizeRx Corp), Securities Purchase Agreement (Net TALK.COM, Inc.)

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Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2010% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiarySubsidiaries, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction, or acquire all or substantially all of the capital stock or assets of another business or entity.

Appears in 6 contracts

Samples: Note Purchase Agreement (Medical Media Television, Inc.), Securities Exchange Agreement (Medical Media Television, Inc.), Securities Exchange Agreement (Medical Media Television, Inc.)

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2050% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiarya Subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction, or acquire all or substantially all of the capital stock or assets of another business or entity to the extent not otherwise permitted by this Agreement.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Ambient Corp /Ny), Securities Purchase Agreement (Ambient Corp /Ny), Securities Purchase Agreement (Ambient Corp /Ny)

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2010% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction.

Appears in 5 contracts

Samples: Securities Purchase and Loan Conversion Agreement (Brookside Technology Holdings, Corp.), Securities Purchase Agreement (MDwerks, Inc.), Securities Purchase and Loan Conversion Agreement (Brookside Technology Holdings, Corp.)

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2010% or more of its consolidated assets (as shown on the most recent financial statements of the Company either Borrower or the a subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction.

Appears in 3 contracts

Samples: Loan and Securities Purchase Agreement (Global Diversified Industries Inc), Loan and Securities Purchase Agreement (MDwerks, Inc.), Loan and Securities Purchase Agreement (MDwerks, Inc.)

Liquidation or Sale. Sell, transfer, lease lease, spin-off, split off or otherwise dispose of 20any subsidiary or 10% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Infusion Brands International, Inc.), Securities Purchase Agreement (Infusion Brands International, Inc.), Securities Purchase Agreement (Omnireliant Holdings, Inc.)

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Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2010% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction, or acquire all or substantially all of the capital stock or assets of another business or entity.

Appears in 3 contracts

Samples: Securities Purchase and Exchange Agreement (Medical Solutions Management Inc.), Security Agreement (Medical Solutions Management Inc.), Securities Purchase and Exchange Agreement (Medical Solutions Management Inc.)

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2010% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the subsidiaryits Subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction, or acquire all or substantially all of the capital stock or assets of another business or entity.

Appears in 2 contracts

Samples: Note Purchase Agreement (AMHN, Inc.), Note Purchase Agreement (AMHN, Inc.)

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 2050% or more of its consolidated assets (as shown on the most recent financial statements of the Company or the a subsidiary, as the case may be) in any single transaction or series of related transactions (other than the sale of inventory in the ordinary course of business), or liquidate, dissolve, recapitalize or reorganize in any form of transaction.

Appears in 1 contract

Samples: Series D Convertible Preferred Stock Purchase Agreement (Edgewater Foods International, Inc.)

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