Common use of Extraordinary Event Clause in Contracts

Extraordinary Event. ARTICLE 8.1 The Company agrees not to enter into a merger, recapitalization, sale or change of control of the Company or sale transaction involving all or substantially all of the Company’s equity or assets unless the acquiring or successor entity agrees in writing to recognize the Pledgor’s rights under this Pledgor Royalty Agreement.

Extraordinary Event. ARTICLE 8.1 10.1 The Company agrees not to enter into a merger, recapitalization, sale or change of control of the Company or sale transaction involving all or substantially all of the Company’s equity or assets unless the acquiring or successor entity agrees in writing to recognize the PledgorPurchaser’s rights under this Pledgor Purchaser Royalty Agreement.