Common use of Exit Event Clause in Contracts

Exit Event. Upon the occurrence of any of the following events: (i) a merger or consolidation or other change of control involving the Company, other than a merger or consolidation involving the Company or a subsidiary in which the capital stock of the Company outstanding immediately prior to such transaction continues to represent, or is converted into or exchanged for, capital stock that represents, immediately following such transaction, at least a majority by voting power of the capital stock of (A) the surviving or resulting company or (B) if the surviving or resulting company is a wholly-owned subsidiary of another company immediately following such merger or consolidation, the parent company of such surviving or resulting company; (ii) a sale of a majority of the then outstanding Common Stock in the Company on an as converted basis; or (iii) a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company; or

Exit Event. Upon the occurrence of any of the following events: (i) a merger or consolidation or other change of control involving the Company, other than a merger or consolidation involving the Company or a subsidiary in which the capital stock of the Company outstanding immediately prior to such transaction continues to represent, or is converted into or exchanged for, capital stock that represents, immediately following such transaction, at least a majority by voting power of the capital stock of (A) the surviving or resulting company or (B) if the surviving or resulting company is a wholly-owned subsidiary of another company immediately following such merger or consolidation, the parent company of such surviving or resulting company; (ii) a sale of a majority of the then outstanding Common Stock common stock in the Company on an as converted basis; or (iii) a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company; or