Common use of CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE Clause in Contracts

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In case of any consolidation with or merger of the Corporation with or into another corporation, or in case of any sale, lease or conveyance to another corporation of the assets of the Corporation as an entirety or substantially as an entirety, the Debentures shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion of such Debenture would have been entitled to upon such consolidation, merger, sale, lease or conveyance; and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the holders of the Debentures shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion of the Debentures.

Appears in 4 contracts

Samples: Debenture Agreement (Pioneer Drilling Co), Debenture Agreement (Pioneer Drilling Co), Debenture Purchase Agreement (Wedge Energy Services LLC)

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CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In any case of any consolidation with or merger of the Corporation Company with or into another corporation, or in case of any sale, lease lease, or conveyance to another corporation of the assets of the Corporation Company as an entirety or substantially as an entirety, the Debentures this Warrant shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock Shares issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion of such Debenture this Warrant would have been entitled to upon such consolidation, merger, sale, lease lease, or conveyance; and in any such case, if necessary, the provisions provision set forth herein with respect to the rights and interests thereafter of the holders of the Debentures Holder hereof shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion of the Debentureshereof.

Appears in 4 contracts

Samples: Shares Purchase Warrant Agreement (Moventis Capital, Inc.), Moventis Capital, Inc., Moventis Capital, Inc.

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In case of any consolidation with or merger of the Corporation Company with or into another corporation, or in case of any sale, lease or conveyance to another corporation of the assets of the Corporation Company as an entirety or substantially as an entirety, the Debentures this Warrant shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into exercisable for the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion exercise of such Debenture this Warrant would have been entitled to upon such consolidation, merger, sale, lease or conveyance; and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the holders holder of the Debentures this Warrant shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion exercise of the Debenturesthis Warrant.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc), Securities Purchase Agreement (Holiday Rv Superstores Inc)

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In any case of any consolidation with or merger of the Corporation Company with or into another corporation, or in case of any sale, lease lease, or conveyance to another corporation of the assets of the Corporation Company as an entirety or substantially as an entirety, the Debentures this Debenture shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock Shares issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion of such this Debenture would have been entitled to upon such consolidation, merger, sale, lease lease, or conveyance; and in any such case, if necessary, the provisions provision set forth herein with respect to the rights and interests thereafter of the holders of the Debentures Holder hereof shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion of the Debentureshereof.

Appears in 2 contracts

Samples: Convertible Secured Debenture Agreement (Moventis Capital, Inc.), Moventis Capital, Inc.

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CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In case of any consolidation with or merger of the Corporation Company with or into another corporation, or in case of any sale, lease or conveyance to another corporation of the assets of the Corporation Company as an entirety or substantially as an entirety, the Debentures each share of Preferred Stock shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion of such Debenture share of Preferred Stock would have been entitled to upon such consolidation, merger, sale, lease or conveyance; and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the holders of the Debentures shares of Preferred Stock shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion of the Debenturesshares of Preferred Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stan Lee Media Inc)

CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE. In case of any consolidation with or merger of the Corporation Company with or into another corporation, or in case of any sale, lease or conveyance to another corporation of the assets of the Corporation corporation as an entirety or substantially as an entirety, the Debentures Payee shall after the date of such consolidation, merger, sale, lease or conveyance be convertible into the number of shares of stock or other securities or property (including cash) to which the shares of Common Stock issuable (at the time of such consolidation, merger, sale, lease or conveyance) upon conversion of such Debenture this Promissory Note would have been entitled to upon such consolidation, merger, sale, lease or conveyance; and in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the holders of the Debentures Payee shall be appropriately adjusted so as to be applicable, as nearly as may reasonably be, to any shares of stock or other securities or property thereafter deliverable on the conversion of the Debenturesthis Promissory Note.

Appears in 1 contract

Samples: Holiday Rv Superstores Inc

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