Examples of Designated Merger in a sentence
Except as otherwise provided for herein, the term of this Agreement and the right to purchase Preferred Stock as granted herein (the “Warrant”) shall commence on the Effective Date and shall be exercisable for a period ending upon the later to occur of (i) seven (7) years from the Effective Date; (ii) three (3) years after the Initial Public Offering, or (iii) the closing of a Designated Merger.
Without limiting the foregoing, in connection with any Merger Event, other than a Designated Merger, upon the closing thereof, the successor or surviving entity shall assume the obligations of this Agreement.
Professional Services Agreement On September 17, 2000, the Company terminated the Professional Services Agreement with its General Counsel (see Note 16) and replaced it with a Consulting Agreement having a term of one year unless terminated earlier as a result of the culmination of an Approved Sale as defined in the agreement or a Designated Merger.