Common use of Major Transaction Clause in Contracts

Major Transaction. The Company has effected a Major Transaction without paying the Major Transaction Warrant Redemption Price, if applicable, to the Holder pursuant to Section 5(c)(iii) (other than due to the limitation contained in the proviso in Section 5(c)(iii)(y)) or, with respect to a Major Transaction that is to be treated as an Assumption under the terms hereof, the Company has failed to meet the Assumption requirements of Section 5(c)(iii) prior to effecting the Major Transaction.

Major Transaction. The Company has effected a Major Transaction without paying the Major Transaction Warrant Redemption Price, if applicable, Price to the Holder pursuant to Section 5(c)(iii) (other than due to the limitation contained in the proviso in Section 5(c)(iii)(y)5(c)(i)(C) or, with respect to if the Holder did not elect a Redemption Upon Major Transaction that is to be treated as an Assumption under the terms hereofTransaction, the Company has failed to meet the Assumption requirements of Section 5(c)(iii5(c)(i)(B) prior to effecting the a Major Transaction.