Common use of Sale of Control Clause in Contracts

Sale of Control. In the event of a Sale of Control, as defined in the Stock Purchase Agreement, each share of Series A Preferred Shares shall automatically convert into shares of Class A Common Shares of the Company in accordance with this Description.

Appears in 2 contracts

Samples: Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)

AutoNDA by SimpleDocs

Sale of Control. In the event of a Sale of Control, as defined in the Stock Purchase Agreement, each share of Series A Preferred Shares Stock shall automatically convert into shares of Class A Common Shares Stock of the Company in accordance with this Description.

Appears in 2 contracts

Samples: Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!