Common use of Non-Assumption Clause in Contracts

Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant then this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 3 contracts

Samples: First Pacific Networks Inc, First Pacific Networks Inc, First Pacific Networks Inc

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Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant in full, then this Warrant shall will be deemed to have been automatically converted pursuant to Section 1.2 1.3, and thereafter thereafter, Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 3 contracts

Samples: Trupanion Inc., Trupanion Inc., Trupanion Inc.

Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 14.2 above and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 2 contracts

Samples: Common Stock Warrant (SHARING SERVICES GLOBAL Corp), SHARING SERVICES GLOBAL Corp

Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this his Warrant and Holder has not otherwise exercised or converted this Warrant in full, then the unexercised portion of this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 and thereafter Holder shall participate in the Acquisition acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 1 contract

Samples: National Manufacturing Technologies

Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 14.2 above and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.. Common Stock Warrant - Page 7 of 10

Appears in 1 contract

Samples: Dss, Inc.

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Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant Warrant, then this Warrant shall be deemed to have been automatically converted INTEL CONFIDENTIAL pursuant to Section 1.2 4(b) and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 1 contract

Samples: Share Purchase Agreement

Non-Assumption. If upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised or converted this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 15.2 above and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Globe Net Wireless Corp.)

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