Common use of Certain Events Not Deemed Transfers Clause in Contracts

Certain Events Not Deemed Transfers. In no event shall any exchange, reclassification, or other conversion of shares into any cash, securities, or other property pursuant to a merger or consolidation of the Company or any Subsidiary with, or any sale or transfer by the Company or any Subsidiary of all or substantially all its assets to, any Person constitute a Significant Sale of shares of Common Stock by the HMC Group for purposes of Section 4.1 or 4.2. In addition, Sections 4.1 and 4.2 hereof shall not apply to any transfer, sale, or disposition of shares of Common Stock solely among members of the HMC Group.

Appears in 4 contracts

Samples: Stockholders Agreement (Capstar Broadcasting Partners Inc), Stockholders Agreement (Capstar Broadcasting Partners Inc), Stockholders Agreement (Capstar Broadcasting Partners Inc)

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Certain Events Not Deemed Transfers. In no event shall any exchange, reclassification, or other conversion of shares into any cash, securities, or other property pursuant to a merger or consolidation of the Company or any Subsidiary with, or any sale or transfer by the Company or any Subsidiary of all or substantially all its assets to, any Person constitute a Significant Sale Transfer of shares of Common Stock by the HMC Group or the Designated Stockholders for purposes of Section 4.1 or 4.2. In addition, Sections 4.1 and Section 4.2 hereof shall not apply to any transfer, sale, or disposition of shares of Common Stock solely among members of the HMC Group.

Appears in 1 contract

Samples: Stockholders Agreement (Cooperative Computing Inc /De/)

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Certain Events Not Deemed Transfers. In no event shall any exchange, reclassification, or other conversion of shares into any cash, securities, securities or other property pursuant to a merger or consolidation of the Company or any Subsidiary with, or any sale or transfer by the Company or any Subsidiary of all or substantially all of its assets to, any Person constitute a Significant Sale of shares of Common Stock by the HMC Group for purposes of Section 4.1 or a sale of such shares for purposes of Section 4.2. In addition, Sections 4.1 and 4.2 hereof shall not apply to any transfer, sale, or disposition of shares of Common Stock solely among members of the HMC Group.

Appears in 1 contract

Samples: Stockholders Agreement (H R Window Supply Inc)

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