Common use of Termination of Warrant Clause in Contracts

Termination of Warrant. Notwithstanding any other provisions of this Warrant, in the event of sale or other disposition of all or substantially all of the assets of the Company as a part of a plan for liquidation of the Company, all rights to exercise the Warrant shall terminate sixty (60) days after the Company gives written notice to the Holder that such sale or other disposition has been consummated.

Appears in 4 contracts

Sources: Exchange Agreement (Martin Frank A), Subscription Agreement (Woodglen Group Lp), Warrant Agreement (I Trax Inc)

Termination of Warrant. Notwithstanding any other provisions of this Warrant, in the event of sale or other disposition of all or substantially all of the assets of the Company as a part of a plan for liquidation of the Company, all rights to exercise the Warrant shall terminate sixty (60) 60 days after the Company gives written notice to the Holder that such sale or other disposition has been consummated.

Appears in 2 contracts

Sources: Warrant Agreement (I Trax Inc), Stock Purchase Warrant (I Trax Inc)