Common use of Effect of Reclassification, Consolidation, Merger or Sale Clause in Contracts

Effect of Reclassification, Consolidation, Merger or Sale. Upon the occurrence of (i) any reclassification or change of the outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision or combination covered by Section 15.04(a)), (ii) any consolidation, merger, combination or binding share exchange involving the Company, or (iii) any sale or conveyance of all or substantially all of the property and assets of the Company to any other Person (any such event a “Merger Event”), in each case as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property or assets with respect to or in exchange for such Common Stock (the “Reference Property”), then:

Appears in 3 contracts

Samples: Indenture (Salix Pharmaceuticals LTD), Indenture (Salix Pharmaceuticals LTD), Indenture (Salix Pharmaceuticals LTD)

AutoNDA by SimpleDocs

Effect of Reclassification, Consolidation, Merger or Sale. Upon the occurrence of (i) any Fundamental Change described in clause (b) of the definition thereof, (ii) any reclassification or change of the outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision or combination covered by Section 15.04(a)), (iiiii) any consolidation, binding share exchange, recapitalization, merger, combination or binding share exchange other similar event involving the Company, or (iiiiv) any sale or conveyance of all or substantially all of the property and assets of the Company to any other Person (any such event a “Merger Event”)Person, in each case as a result of which holders of Common Stock shall would be entitled to receive cash, securities or other property or assets with respect to or in exchange for such Common Stock (the any such event a Reference PropertyMerger Event”), then:

Appears in 3 contracts

Samples: Indenture (Teradyne, Inc), Indenture (PSS World Medical Inc), Indenture (Teradyne, Inc)

Effect of Reclassification, Consolidation, Merger or Sale. Upon the occurrence of (i) any reclassification or change of the outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision or combination covered by Section 15.04(a10.04(a)), (ii) any consolidation, merger, combination or binding share exchange involving the Company, or (iii) any sale sale, transfer, lease or conveyance of all or substantially all of the property and assets of the Company to any other Person Person, in each case as a result of which the Common Stock would be converted into, or exchanged for stock, other securities, other property or assets (any such event a “Merger Event”), in each case as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property or assets with respect to or in exchange for such Common Stock (the “Reference Property”), then:

Appears in 1 contract

Samples: Indenture (Ual Corp /De/)

AutoNDA by SimpleDocs

Effect of Reclassification, Consolidation, Merger or Sale. Upon If any of the occurrence of following events occur, namely (i) any Fundamental Change described in clause (2) of the definition of Fundamental Change, (ii) any reclassification or change of the outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a split, subdivision or combination covered by Section 15.04(a)combination), (iiiii) any consolidation, binding share exchange, recapitalization, reclassification, merger, combination or binding share exchange involving other similar event of the Company, Company with another Person or (iiiiv) any sale sale, transfer or conveyance of all or substantially all of the property and assets of the Company to any other Person (any such event a “Merger Event”)Person, in each case as a result of which holders of Common Stock shall be entitled to receive cash, securities or other property or assets with respect to or in exchange for such Common Stock (the any such event described in clauses (i) through (iv) a Reference PropertyMerger Event”), then:

Appears in 1 contract

Samples: Indenture (Usec Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.