Common use of Common Stock Issuance Clause in Contracts

Common Stock Issuance. In consideration for the Promotional Services to be provided hereunder, About shall issue to PRIMEDIA735,802 shares of common stock of About, par value $.001 per share on the date hereof with an aggregate value equal to $14,900,000 (the "Common Stock"). The Common Stock shall be issued to PRIMEDIA promptly upon the execution of this Agreement. The Common Stock shall be duly authorized, validly issued and non-assessable. Within five (5) business days of the date of this Agreement, About shall execute a customary registration rights agreement in a form reasonably satisfactory to About and PRIMEDIA providing PRIMEDIA with piggyback rights for the Vested Portion of the Common Stock (including standard cut-backs) except in respect of registration on Form S-8 or registrations for issuing stock in the context of an acquisition.

Appears in 2 contracts

Samples: Advertising Agreement (Primedia Inc), Advertising Agreement (Primedia Inc)

AutoNDA by SimpleDocs

Common Stock Issuance. In consideration for the Promotional Services to be provided hereunder, About shall issue to PRIMEDIA735,802 PRIMEDIA 403,361 shares of common stock of About, par value $.001 per share on the date hereof with an aggregate value equal to $14,900,000 1,400,000 (the "Common Stock"). The Common Stock shall be issued to PRIMEDIA promptly upon the execution within five (5) business days of this Agreement. The Common Stock shall be duly authorized, validly issued and non-assessable. Within five (5) business days of the date of this Agreement, About shall execute a customary registration rights agreement in a form reasonably satisfactory to About and PRIMEDIA providing PRIMEDIA with piggyback rights for the Vested Portion of the Common Stock (including standard cut-backs) except in respect of registration on Form S-8 or registrations for issuing stock in the context of an acquisition.

Appears in 2 contracts

Samples: Advertising Agreement (Primedia Inc), Advertising Agreement (Primedia Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!