Ceasing to be a Party. Except as otherwise provided in this Agreement, a Stockholder shall cease to be a party to this Agreement in the event that such Stockholder and every Affiliate thereof no longer holds or has any interest in the Common Stock. Any Stockholder that ceases to be a party to this Agreement shall have no further rights or obligations under this Agreement, other than rights and obligations that may have arisen or accrued before such Stockholder ceased to be a party hereto.
Appears in 2 contracts
Samples: Class B Stockholders Agreement, Class B Stockholders Agreement (Catalog Resources, Inc.)
Ceasing to be a Party. Except as otherwise provided in this Stockholders Agreement, a Stockholder shall cease to be a party to this Stockholders Agreement in the event that such Stockholder and every Affiliate thereof no longer holds or has any interest in any securities of the Common StockCorporation. Any Stockholder that ceases to be a party to this Stockholders Agreement shall have no further rights or obligations under this Stockholders Agreement, other than rights and obligations that may have arisen or accrued before such Stockholder ceased to be a party heretoparty.
Appears in 2 contracts
Samples: Class C Stockholders Agreement (Catalog Resources, Inc.), Stockholders Agreement (Clientlogic Corp)
Ceasing to be a Party. Except as otherwise provided in this Stockholders Agreement, a Stockholder shall cease to be a party to this Stockholders Agreement in In the event that such Stockholder and every Affiliate thereof no longer holds or has any interest in any securities of the Common StockCorporation. Any Stockholder that ceases to be a party to this Stockholders Agreement shall have no further rights or obligations under this Stockholders Agreement, other than rights and obligations that may have arisen or accrued before such Stockholder ceased to be a party heretoparty.
Appears in 1 contract
