Sale or Merger of the Company. In the event of a sale of all or substantially all of the assets of the Company or the merger or consolidation of the Company in a transaction in which the Company is not the surviving entity, the 4.99% restriction will immediately be released and the Warrant Holder will have the right to exercise the warrants concurrent with the sale.
Appears in 9 contracts
Samples: Preferred Stock Purchase Agreement (Computer Software Innovations Inc), Securities Purchase Agreement (Aims Worldwide Inc), Securities Purchase Agreement (Cordia Corp)
Sale or Merger of the Company. a. In the event of a sale of all or substantially all of the assets of the Company or the merger or consolidation of the Company in a transaction in which the Company is not the surviving entity, the 4.99% Applicable Percentage restriction set forth in Section 6 of this Warrant will immediately be released terminated and the Warrant Holder will have the right to exercise the warrants concurrent with the sale.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Adsouth Partners, Inc.)
