Common use of Additional Owned Shares Clause in Contracts

Additional Owned Shares. Each Holder shall provide as promptly as reasonably practicable written notice to Parent of additional Shares of which such Holder becomes the “beneficial owner” after the date hereof and during the term of this Agreement. Each Holder agrees that any shares of Company Common Stock that such Holder purchases or with respect to which such Holder otherwise acquires beneficial ownership after the date of this Agreement and prior to the Termination Date, including shares issued or issuable upon the conversion, exercise or exchange, as the case may be, of all securities held by such Holder that are convertible into, or exercisable or exchangeable for, shares of Company Common Stock (such Holder’s “New Shares”), shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Owned Shares on the date hereof.