Exchange Events Clause Samples

The Exchange Events clause defines specific occurrences or conditions that trigger certain actions or obligations between parties in a contract, typically related to the exchange of goods, services, or financial instruments. In practice, this clause outlines what constitutes an 'event'—such as delivery, payment, or transfer of ownership—and details the procedures or consequences that follow when such an event takes place. Its core function is to provide clarity and predictability by specifying when and how exchanges are to occur, thereby reducing the risk of disputes and ensuring both parties understand their responsibilities at key moments in the contractual relationship.
Exchange Events. Each Note will be exchangeable for Common Stock as follows:
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Exchange Events. The Convertible Note will be exchangeable for Common Stock as follows (it being understood that the words “exchange” and “exchangeable” shall be interchangeable with the words “convert” and “convertible” for all purposes hereunder):
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Exchange Events. In the event that any capital reorganization or reclassification of the capital stock of the Company, or the consolidation or merger of the Company with another entity, or the sale of all or substantially all of the Company's assets to another entity is effected in such a way that the Company's common stockholders will be entitled to receive stock, securities or assets with respect to or in exchange for their Common Stock (an "Exchange Event"), then, from and after such Exchange Event, the Warrant will be exercisable, upon the terms and conditions specified in this Warrant, for an amount of such stock, securities or assets to which a holder of the number of shares of Common Stock purchasable upon exercise of the Warrant at the time of such Exchange Event would have been entitled to receive upon such Exchange Event. Appropriate provisions will be made with respect to the rights and interests of the Holder to ensure that the provisions of this Warrant (including without limitation the provisions to adjust the Exercise Price and the number of shares purchasable upon the exercise of this Warrant) will be applicable, as nearly as may be, in relation to any such stock, securities or assets deliverable upon the exercise of this Warrant after an Exchange Event. The Company will not effect any Exchange Event unless, prior to the consummation thereof, the successor or purchasing corporation (if other than the Company) with respect to such Exchange Event, assumes by written instrument executed and delivered to the Holder at the address of such Holder as shown on the books of the Company, the obligation to deliver to such Holder such stock, securities or assets as, in accordance with the foregoing provisions, such Holder may be entitled to purchase.
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Related to Exchange Events

  • Exchange Event The Exchange Event shall be the Company’s consummation of an initial Business Combination (as defined in the Company’s Amended and Restated Memorandum and Articles of Association).

  • Company Not Surviving Following Exchange Event If the Exchange Event results in the Company not continuing as a publicly held reporting entity, the definitive agreement will provide for the holders of Rights to receive the same per share consideration as the holders of the Ordinary Shares will receive in with the Exchange Event, for the number of shares such holder is entitled to pursuant to Section 3.1 above.

  • Effect of the Merger on Capital Stock Exchange of Certificates Equity-Based Awards

  • Notice of Common Stock Change Events The Company will provide notice of each Common Stock Change Event to Holders, the Trustee and the Conversion Agent no later than the Business Day after the effective date of such Common Stock Change Event.

  • Purchase Rights Fundamental Transactions In addition to any adjustments pursuant to Section 10 above, if at any time the Company grants, issues or sells any options, convertible securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of Common Stock (“Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.