Common use of Preliminary Transactions Clause in Contracts

Preliminary Transactions. Each of the Preliminary Transactions described in Section 1. I shall have been consummated on and as of the Effective Date, except that if the Stock Exchange Agreement is not entered into on or before the Effective Date, then only the Striker Merger and the Financing shall have been consummated on and as of the Effective Date.

Appears in 1 contract

Sources: Merger Agreement (Striker Industries Inc)

Preliminary Transactions. Each of the Preliminary Transactions described in Section 1. I 1.1 shall have been consummated on and as of the Effective Date, except that if the Stock Exchange Agreement is not entered into on or before the Effective Date, then only the Striker Merger and the Financing shall have been consummated on and as of the Effective Date.

Appears in 1 contract

Sources: Merger Agreement (Striker Industries Inc)