Common use of No Acceleration of Rights or Benefits Clause in Contracts

No Acceleration of Rights or Benefits. Except as set forth on Schedule 3.22, (i) the Company has not made, and is not it obligated to make, any payment to any Person in connection with the transactions contemplated by this Agreement or any other change of control transaction and (ii) no rights or benefits of any Person have been (or will be) accelerated or increased as a result of the consummation of the transactions contemplated by this Agreement and no Person’s rights or obligations may be modified upon a change of control of the Company or provide any Person the right to receive payment (including rescission or liquidated damages) upon a change of control of the Company.

Appears in 2 contracts

Samples: Stock Purchase and Merger Agreement (Phoenix Container, Inc.), Purchase Agreement (Phoenix Container, Inc.)

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No Acceleration of Rights or Benefits. Except as set forth on in the Schedule 3.224.13, (i) the Company has not made, and nor is not it obligated to make, any payment to any Person in connection with the transactions contemplated by this Agreement or the other Transaction Documents or any other change of control transaction and (ii) no rights or benefits of any Person have been (or will be) accelerated or increased as a result of the consummation of the transactions contemplated by this Agreement or the other Transaction Documents and no Person’s 's rights or obligations may be are modified upon a change of control of the Company or provide any Person the right to receive a payment or remedy (including rescission or liquidated damages) upon a change of control of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tsi Telecommunication Services Inc)

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No Acceleration of Rights or Benefits. Except as set forth on Schedule 3.223.23, (ia) the no Acquired Company has not made, and made or is not it obligated to make, make any payment to any Person in connection with the transactions contemplated by this Agreement or any other change of control transaction and transaction; (iib) no rights or benefits of any Person have been (or will be) accelerated or increased as a result of the consummation of the transactions contemplated by this Agreement Agreement, and (c) no Person’s rights or obligations may be modified upon a change of control of the any Acquired Company or provide any Person the right to receive payment (including rescission or liquidated damages) upon a change of control of the any Acquired Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fuse Medical, Inc.)

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