Common use of Liquidation or Sale Clause in Contracts

Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 10% or more of its consolidated assets (as shown on the most recent financial statements of MSMI 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: Reimbursement and Indemnification Agreement (Medical Solutions Management Inc.), Reimbursement and Indemnification Agreement (Medical Solutions Management Inc.), And Indemnification Agreement (Vicis Capital, LLC)

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Liquidation or Sale. Sell, transfer, lease or otherwise dispose of 10% or more of its consolidated assets (as shown on the most recent financial statements of MSMI 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.. 17 8.7

Appears in 1 contract

Samples: Agreement and Indemnification Agreement

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