Common use of Major Transaction Clause in Contracts

Major Transaction. For purposes of this Agreement, a "Major Transaction" shall be deemed to have occurred upon the closing of any of the following events: (i) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (ii) the sale or transfer of all or substantially all of the Company's assets; or (iii) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 7 contracts

Samples: Investment Agreement (Integrated Business Systems & Services Inc), Investment Agreement (Organitech Usa Inc), Investment Agreement (Symbollon Corp)

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Major Transaction. For purposes of this Agreement, a "Major Transaction" shall be deemed to have occurred upon the closing of any of the following events: (iI) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (iiII) the sale or transfer of all or substantially all of the Company's assets; or (iiiIII) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 5 contracts

Samples: Investment Agreement (Force Protection Inc), Investment Agreement (Locateplus Holdings Corp), Investment Agreement (Compumed Inc)

Major Transaction. For purposes of this Agreement, a "Major Transaction" shall be deemed to have occurred upon the closing of any of the following events: (i) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (ii) the sale or transfer of all or substantially all of the Company's ’s assets; or (iii) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders Purchasers of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 2 contracts

Samples: Investment Agreement (Homeland Security Network, Inc.), Investment Agreement (Probe Manufacturing Inc)

Major Transaction. For purposes of this Agreement, a "Major Transaction" shall be deemed to have occurred upon the closing of any of the following events: (i) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (ii) the sale or transfer of all or substantially all of the Company's ’s assets; or (iii) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 2 contracts

Samples: Investment Agreement (Next Inc/Tn), Investment Agreement (Cal Bay International Inc)

Major Transaction. For purposes of this Agreement, a "Major ----- Transaction" shall be deemed to have occurred upon the closing of any of the -- following events: (iI) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (iiII) the sale or transfer of all or substantially all of the Company's assets; or (iiiIII) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 1 contract

Samples: Investment Agreement (FTS Apparel Inc)

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Major Transaction. For purposes of this Agreement, a "Major ----- Transaction" shall be deemed to have occurred upon the closing of any of the ----------- following events: (iI) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (iiII) the sale or transfer of all or substantially all of the Company's assets; or (iiiIII) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than 50% of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 1 contract

Samples: Investment Agreement (Fonefriend Inc)

Major Transaction. For purposes of this Agreement, a "Major Transaction" shall be deemed to have occurred upon the closing of any of the following events: (i) the consolidation, merger or other business combination of the Company with or into another person (other than pursuant to a migratory merger effected solely for the purposes of changing the jurisdiction of incorporation of the Company or other than a transaction in which the Company is the surviving corporation); (ii) the sale or transfer of all or substantially all of the Company's assets; or (iii) the consummation of a purchase, tender or exchange offer made to, and accepted by, the holders of more than fifty percent (50% %) of the economic interest in, or the combined voting power of all classes of voting stock of, the Company.

Appears in 1 contract

Samples: Investment Agreement (Gameznflix Inc)

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