Common use of Cash Acquisition Clause in Contracts

Cash Acquisition. In the event of an Acquisition that is not a True Assets Sale (as defined below) in which the sole consideration is cash, Holder may either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) permit the Warrant to expire upon the consummation of such Acquisition. Company shall provide Holder with written notice of any proposed Acquisition together with such reasonable information as Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.

Appears in 4 contracts

Samples: Loan and Security Agreement (Salient Surgical Technologies, Inc.), Salient Surgical Technologies, Inc., Salient Surgical Technologies, Inc.

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Cash Acquisition. In the event of an Acquisition that is not (other than a True Assets Asset Sale (as defined below) in which the sole consideration is cash, Holder may either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) permit the Warrant to expire upon the consummation of such Acquisition. Company shall provide Holder with written notice of any proposed Acquisition together with such reasonable information as the Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.

Appears in 2 contracts

Samples: Nimblegen Systems Inc, Nimblegen Systems Inc

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