Common use of Provisions in Case of Consolidation, Merger or Sale of Assets Clause in Contracts

Provisions in Case of Consolidation, Merger or Sale of Assets. In ------------------------------------------------------------- case of any Change of Control of the Company, the Company will notify Abbott at least thirty (30) days prior to the closing of the transaction that will effect the Change of Control, and Abbott may convert the Note in accordance with Section 9 prior to the transaction or declare an Event of Default and accelerate the Note and terminate this Agreement in accordance with Section 9.

Appears in 3 contracts

Samples: Registration Rights Agreement (Retractable Technologies Inc), Registration Rights Agreement (Retractable Technologies Inc), Registration Rights Agreement (Retractable Technologies Inc)

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Provisions in Case of Consolidation, Merger or Sale of Assets. In ------------------------------------------------------------- case of any Change of Control of the Company, the Company will notify Abbott at least thirty (30) days prior to the closing of the transaction that will effect the Change of Control, and the Company shall notify Abbott may whether the Company elects to convert the Credit Facility Note in accordance with Section 9 3 hereof prior to the transaction or declare an Event of Default and accelerate pay the Credit Facility Note and terminate this Agreement in accordance with Section 92 hereof.

Appears in 1 contract

Samples: Credit Agreement (Micro Therapeutics Inc)

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