Common use of Effect of Certain Events Clause in Contracts

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 15 contracts

Samples: Credit Agreement (Imaging Diagnostic Systems Inc /Fl/), Registration Rights Agreement (Dynatec International Inc), Midisoft Corporation

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Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, then the Warrant shall terminate if the Warrant has not been exercised by the effective date of such transaction, the Company shall give the holder of this Warrant thirty (30) days' notice of such termination and of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 9 contracts

Samples: Agreement (Galagen Inc), Galagen Inc, Xybernaut Corp

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets assets, or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), ) in which the consideration to be received by the Company or its shareholders stockholders consists solely of cash, the Company shall give the holder Holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 8 contracts

Samples: Storm Technology Inc, Storm Technology Inc, Storm Technology Inc

Effect of Certain Events. (a) If at any time the Company proposes (iI) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 2 contracts

Samples: Yeung Howard P L, Yeung Howard P L

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' written notice by certified mail of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 1 contract

Samples: Imaging Diagnostic Systems Inc /Fl/

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets assets, or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (Ecotyre Technologies Inc)

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Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets assets, or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), ) in which the consideration to be received by the Company or its shareholders stockholders consists solely of cash, the Company shall give the holder Holder of this Warrant thirty (30) days' days notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 1 contract

Samples: Sciclone Pharmaceuticals Inc

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger Transaction"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of such termination and of the proposed effective date of the transaction specifying that the transaction, and this Warrant shall terminate if the Warrant has not been exercised by the effective date of the such transaction.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Corgenix Medical Corp/Co)

Effect of Certain Events. (a) If at any time the Company proposes (i) to sell or otherwise convey all or substantially all of its assets or (ii) to effect a transaction (by merger or otherwise) in which more than 50% of the voting power of the Company is disposed of (collectively, a "Sale or Merger TransactionSALE OR MERGER TRANSACTION"), in which the consideration to be received by the Company or its shareholders consists solely of cash, the Company shall give the holder of this Warrant thirty (30) days' notice of the proposed effective date of the transaction specifying that the Warrant shall terminate if the Warrant has not been exercised by the effective date of the transaction.

Appears in 1 contract

Samples: Registration Rights Agreement (Imaging Diagnostic Systems Inc /Fl/)

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