Approval Commitments. The Company has received binding assurance from its chief executive officer, chief financial officer and its directors and the only stockholder known to the Company that owns more than 5% of the outstanding stock of the Company, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency.
Appears in 2 contracts
Samples: Preferred Stock Investment Agreement (Interleaf Inc /Ma/), Preferred Stock Investment Agreement (Interleaf Inc /Ma/)
Approval Commitments. The Company has received binding assurance from its chief executive officer, chief financial officer officers and its directors and the only stockholder known to the Company that owns more than 5% of the outstanding stock of the Company, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency, and in favor of an increase in the authorized stock of the Company, as contemplated by Section 10 of Schedule I hereto. To the knowledge of the Company, there is no beneficial owner of more than 5% of the outstanding stock of the Company.
Appears in 1 contract
Samples: Preferred Stock Investment Agreement (Quarterdeck Corp)
Approval Commitments. The Company has received binding assurance -------------------- from its chief executive officer, chief financial officer officers and its directors and the only stockholder known to the Company that owns all stockholders who own more than 5% of the outstanding stock of the Company, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency.
Appears in 1 contract
Approval Commitments. The Company has received binding assurance from its chief executive officer, chief financial officer and its directors and the only stockholder known to the Company that owns more than 5% of the outstanding stock of the Company, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency.. 9
Appears in 1 contract
Samples: Preferred Stock Investment Agreement (Interleaf Inc /Ma/)
