Certain Shares Excluded Sample Clauses
The 'Certain Shares Excluded' clause defines which specific shares are not subject to the terms or provisions of the agreement. Typically, this clause lists particular classes of shares, shares issued under certain circumstances, or shares held by designated parties that are exempt from restrictions such as transfer limitations or rights of first refusal. By clearly identifying excluded shares, the clause ensures that only the intended shares are governed by the agreement, thereby preventing confusion and potential disputes over which shares are affected.
Certain Shares Excluded. The number of shares of Common Stock outstanding at any given time for purposes of the adjustments set forth in this Section 5 shall exclude any shares then directly or indirectly held in the treasury of the Company.
Certain Shares Excluded. The number of Shares outstanding at any given time for purposes of the adjustments set forth in this Section shall exclude any shares then directly or indirectly held in the treasury of the Borrower.
Certain Shares Excluded. The number of shares of Series B Preferred Stock outstanding at any given time for purposes of the adjustments set forth in this Section 4 shall exclude any shares then held in the treasury of the Company.