Nonassumption. Subject to Section 4.1, if upon the closing of any Acquisition the successor entity does not assume the obligations of this Warrant and Holder has not otherwise exercised this Warrant in full, then this Warrant shall be deemed to have been automatically converted pursuant to Section 1.2 and thereafter Holder shall participate in the Acquisition on the same terms as other holders of the same class of securities of the Company.
Appears in 2 contracts
Sources: Warrant Agreement (Masergy Communications Inc), Warrant Agreement (Masergy Communications Inc)