Common use of Consolidation or Merger Clause in Contracts

Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common Units, the Partnership, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder than those applicable to this Warrant and subject to the same Exercise Period that is applicable to this Warrant) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances.

Appears in 7 contracts

Samples: Contribution Agreement (Southcross Energy Partners, L.P.), Contribution Agreement (American Midstream Partners, LP), Securities Purchase Agreement (American Midstream Partners, LP)

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Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common Units, in each case if as a result of such transaction the Common Units shall be changed into or exchanged for units, stock or other securities of the Partnership or the surviving entity or cash or any other property, the Partnership, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder Warrantholder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder Warrantholder than those applicable to this Warrant and subject to the same Exercise Period that is applicable to this Warrant) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a4(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Summit Midstream Partners, LP), Purchase Agreement (Summit Midstream Partners, LP), Purchase Agreement (Summit Midstream Partners, LP)

Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership Issuer shall (i) consolidate or merge with any other entity (regardless of whether the Partnership Issuer is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership Issuer is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common UnitsUnits (including, for the avoidance of doubt, pursuant to a conversion of the Issuer into another entity type), the PartnershipIssuer, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder than those applicable to this Warrant and subject to the same Exercise Period that is applicable to this Warrant) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances. Notwithstanding anything to the contrary contained herein, the foregoing provisions of this Section 3(a) shall not apply to (x) the transactions, including the merger, contemplated by that certain Agreement and Plan of Merger dated March 17, 2019, by and among the Issuer, Anchor Midstream Acquisition, LLC, a Delaware limited liability company, High Point Infrastructure Partners, LLC, a Delaware limited liability company, American Midstream GP, LLC, a Delaware limited liability company, and Anchor Midstream Merger Sub, LLC, a Delaware limited liability company (the “Merger”) or (y) the conversion of the Issuer into a limited liability company substantially concurrently with the Merger, and after such transactions this Warrant shall remain outstanding and shall be exercisable for 1,369,230 common units of Anchor Midstream, LLC, a Delaware limited liability company and the successor-in-interest to the Issuer following such conversion (the “Excluded Transactions”).

Appears in 2 contracts

Samples: Magnolia Infrastructure Holdings, LLC, Third Coast Midstream, LLC

Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common Units, the Partnership, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder than those applicable to this Warrant and subject to the same Exercise Period that is applicable to this Warrantimmediately exercisable) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances.

Appears in 1 contract

Samples: Exercise Agreement (American Midstream Partners, LP)

Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common Units, the Partnership, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder than those applicable to this Warrant and subject to the same Exercise Period Eligibility Date that is applicable to this Warrant) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances.

Appears in 1 contract

Samples: American Midstream Partners, LP

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Consolidation or Merger. If, at any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity or cash or any other property), (ii) transfer all or substantially Active 344679592 EXHIBIT 3.19 all of its properties or assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common Units, the Partnership, or such successor entity as the case may be, shall, without payment of any additional consideration therefor, execute a new warrant providing that the Holder shall have the right to exercise such new warrant (upon terms no less favorable to the Holder than those applicable to this Warrant and subject to the same Exercise Period that is applicable to this Warrant) and to receive upon such exercise, in lieu of each Common Unit theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or other securities, money or property receivable upon such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance by the holder of one Common Unit issuable upon exercise of this Warrant had it been exercised immediately prior to such capital reorganization, reclassification, change, consolidation, merger or sale or conveyance. The provisions of this Section 3(a) shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyances.

Appears in 1 contract

Samples: American Midstream Partners, LP

Consolidation or Merger. IfIn case of any reclassification or change of the Common Stock (other than a change in par value, at or as a result of a subdivision or combination), or in case of any time while this Warrant remains outstanding and unexpired, the Partnership shall (i) consolidate or merge with any other entity (regardless of whether the Partnership is the continuing or surviving entity, except that in connection with a consolidation or merger where the Partnership is not the continuing or surviving entity, the Common Units shall be changed into or exchanged for units, stock or other securities of the surviving entity Company with or cash into another corporation (other than a merger with another corporation in which the Company is a continuing corporation and which does not result in any reclassification or any other propertychange of outstanding securities issuable upon exercise of this Warrant), (ii) transfer or in case of any sale of all or substantially all of its properties or the assets to any other person or entity or (iii) effect a capital reorganization or reclassification of the Common UnitsCompany, the PartnershipCompany, or such successor entity or purchasing corporation as the case may be, shall, without payment of any additional consideration therefor, shall execute a new warrant Warrant, providing that the Holder shall have the right to exercise such new warrant (Warrant, and procure upon terms no less favorable to the Holder than those applicable to this Warrant such exercise and subject to payment of the same aggregate Exercise Period that is applicable to this Warrant) and to receive upon such exercisePrice, in lieu of each the shares of Common Unit Stock theretofore issuable upon exercise of this Warrant, the kind and amount of units, shares of stock or stock, other securities, money or and property receivable upon such capital reorganization, reclassification, change, consolidation, sale of all or substantially all of the Company's assets or merger or sale or conveyance by the a holder of one an equivalent number of shares of Common Unit issuable upon exercise Stock. Such new Warrant shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 3. If such successor or purchasing corporation does not assume the obligations of this Warrant had it been and Holder has not otherwise exercised immediately prior to such capital reorganizationthis Warrant in full, reclassification, change, consolidation, merger or sale or conveyance. The provisions then the unexercised portion of this Warrant shall be deemed to have been automatically converted pursuant to Section 3(a) 1, and thereafter Holder shall similarly apply to successive capital reorganizations, reclassifications, changes, consolidations, mergers, sales and conveyancesparticipate in the acquisition on the same terms as other holders of the same class of securities of the Company.

Appears in 1 contract

Samples: Media Metrix Inc

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