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 this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 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 3 contracts

Samples: Warrant Agreement (SHARING SERVICES GLOBAL Corp), Common Stock Warrant (SHARING SERVICES GLOBAL Corp), Warrant Agreement (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 this Warrant in full, then this Warrant shall will be deemed to have been automatically converted pursuant to Section 14.2 above 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: Warrant Agreement (Trupanion Inc.), Warrant Agreement (Trupanion Inc.), Warrant Agreement (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 14.2 above 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: Warrant Agreement (First Pacific Networks Inc), Warrant Agreement (First Pacific Networks Inc), Warrant Agreement (First Pacific Networks 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 this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 14.2 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 Warrant (Globe Net Wireless Corp.)

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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 this Warrant in full, then the unexercised portion of this Warrant shall be deemed to have been automatically converted pursuant to Section 14.2 above 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: Warrant Agreement (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 fullWarrant, then this Warrant shall be deemed to have been automatically converted INTEL CONFIDENTIAL pursuant to Section 14.2 above 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: Annual Report

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