OS DEBENTURES. (a) As of the Effective Time, the Company assumes, jointly and severally with OS, all of the obligations and responsibilities under the OS Debentures to the holder or holders of the OS Debentures. With respect to the OS Debentures, at the Effective Time, the Company shall (i) replace the OS Underlying Shares, with the Company Underlying Shares and (ii) replace the Escrow Shares deposited by OS with the Escrow Agent with the Company Escrow Shares.
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Samples: Merger Agreement (Insite Vision Inc), Agreement and Plan of Merger (Reality Wireless Networks Inc), Agreement and Plan of Merger (Reality Wireless Networks Inc)
OS DEBENTURES. (a) As of the Effective Time, the Company assumes, -------------- jointly and severally with OS, all of the obligations and responsibilities under the OS Debentures to the holder or holders of the OS Debentures. With respect to the OS Debentures, at the Effective Time, the Company shall (i) replace the OS Underlying Shares, with the Company Underlying Shares and (ii) replace the Escrow Shares deposited by OS with the Escrow Agent with the Company Escrow Shares.
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