Example ContractsClausesEffect of Sale Transaction
Effect of Sale Transaction
Effect of Sale Transaction contract clause examples

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this Section 10, “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this Section 10, “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this Section 10, “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this Section 10, “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the Successor Entity (as defined below) shall succeed to, and be substituted for the [[Loan Agreement:Organization]] (so that from and after the date of such Sale Transaction, the provisions of this Note referring to the “[[Loan Agreement:Organization]]” shall refer instead to the Successor Entity), and may exercise every right and power of the [[Loan Agreement:Organization]] and shall assume all of the obligations of the [[Loan Agreement:Organization]] under this Note with the same effect as if such Successor Entity had been named as the [[Loan Agreement:Organization]] herein. Upon consummation of the Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such Sale Transaction, such shares of common stock (or other securities, cash, assets or other property) of the Successor Entity. The provisions of this Section shall apply similarly and equally to successive Sale Transactions and shall be applied without regard to any limitations on the conversion of this Note. As used in this [Section 10], “Successor Entity” means the Person, which may be the [[Loan Agreement:Organization]], formed by, resulting from or surviving any Sale Transaction, or the parent entity of such Person, as applicable.

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