Common use of Consolidation or Merger of the Company Clause in Contracts

Consolidation or Merger of the Company. In case the Buyer ceases to own the Shares as the result of the occurrence at any time during the Exchange Period of a merger, consolidation, or similar transaction involving the Company (each, a "Company Event"), the Buyer will have the right to acquire and receive upon the exchange of such shares of stock, securities, cash or assets as were issued or paid to the Buyer in the Company Event in exchange for each Share, the number of FS Shares into which such Share was exchangeable immediately prior to the Company Event.

Appears in 2 contracts

Sources: Purchase Agreement (Five Star Products Inc), Purchase Agreement (National Patent Development Corp)