Common use of Merger or Asset Sale Clause in Contracts

Merger or Asset Sale. In the event of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, the Agreement shall be assumed by the successor corporation or a parent or subsidiary of the successor corporation. In the event that the successor corporation or a parent or subsidiary of the successor corporation refuses to assume the Agreement, the Restricted Shares shall vest and the transfer restrictions set forth in this Agreement shall immediately lapse.

Merger or Asset Sale. In the event of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, the Agreement shall be assumed by the successor corporation or a parent Parent or subsidiary Subsidiary of the successor corporation. In the event that the successor corporation or a parent or subsidiary of the successor corporation refuses to assume the Agreement, the Restricted Shares shall vest and the transfer restrictions set forth in this Agreement shall immediately Company's Repurchase Right will lapse.

Merger or Asset Sale. In the event of a merger of the Company Partnership with or into another corporation, or the sale of substantially all of the assets of the CompanyPartnership, the Agreement shall be assumed by the successor corporation entity or a parent or subsidiary of the successor corporationentity. In the event that the successor corporation entity or a parent or subsidiary of the successor corporation entity refuses to assume the Agreement, the Restricted Shares Units shall vest and the transfer restrictions set forth in this Agreement shall immediately lapse, subject to the terms of the Partnership Agreement.

Merger or Asset Sale. In the event of a merger of the Company with or into another corporation, or the sale of substantially all of the assets of the Company, the Agreement shall be assumed by the successor corporation or a parent or subsidiary of the successor corporation. In the event that the successor corporation or a parent or subsidiary of the successor corporation refuses to assume the Agreement, the Restricted Shares shall vest vesting and the transfer restrictions Transfer Restrictions set forth in this Agreement shall immediately lapse.