Sale Transaction definition

Sale Transaction has the meaning set forth in Section 3(a).

Sale Transaction means a transaction or series of related transactions pursuant to which (a) the Company is merged, consolidated or reorganized into or with another person, or securities of the Company are exchanged for securities of another person, or (b) the Company sells all or a substantial portion of its assets to another person.

Sale Transaction means a transaction or series of related transactions involving (i) the consolidation or merger of Company with another Person, (ii) a sale of all or substantially all of the assets of Company, (iii) a purchase, tender or exchange offer that is accepted by the holders of more than the 50% of the outstanding shares of capital stock of Company, (iv) the consummation of a stock purchase agreement or other business combination with another Person whereby such other Person acquires more than the 50% of the outstanding capital stock of Company.

Examples of Sale Transaction in a sentence

• If, on or prior to the Maturity Date, the Company consummates a Sale Transaction, then, at the election of the Investor, prior to the closing of the Sale Transaction, some or all of the then outstanding principal amount of this Note together with all accrued and unpaid interest under this Note shall convert into fully paid and nonassessable shares of Common Stock at a price per share equal to the Sale Conversion Price at the time of such conversion.

• In the event of any Sale Transaction, the Company will mail written notice of such event to Investor at least ten (10) days prior to the closing of a Sale Transaction, which notice period may be waived with the written consent of the Investor.

• In the event of a Sale Transaction, the then outstanding principal amount of this Note, plus all accrued and unpaid interest, in each case that has not otherwise been converted into equity securities pursuant to Section 5, shall be due and payable immediately prior to the closing of such Sale Transaction.

More Definitions of Sale Transaction

Sale Transaction shall have the meaning set forth in Section 5.4.

Sale Transaction has the meaning set forth in Section 4(a)(i).

Sale Transaction has the meaning set forth in Section 2.7 of this Agreement.

Sale Transaction has the meaning set forth in Section 11.8 (Successors and Assigns).

Sale Transaction has the meaning set forth in Section 2.5(a).

Sale Transaction shall have the meaning provided in Section 12.5(a).

Sale Transaction means (a) (i) the merger or consolidation of the Company into or with one or more Persons, (ii) the merger or consolidation of one or more Persons into or with the Company or (iii) a tender offer or other business combination if, in the case of (i), (ii) or (iii), the stockholders of the Company prior to such merger or consolidation do not retain at least a majority of the voting power of the surviving Person or (b) the voluntary sale, conveyance, exchange or transfer to another Person of (i) the voting Capital Stock of the Company if, after such sale, conveyance, exchange or transfer, the stockholders of the Company prior to such sale, conveyance, exchange or transfer do not retain at least a majority of the voting power of the Company or (ii) all or substantially all of the assets of the Company.