Common use of Company Shareholders Approval Clause in Contracts

Company Shareholders Approval. The Company Shareholders' Approval with respect to (i) the issuance to J Net of Conversion Shares, (ii) the amendment to the articles of incorporation of the Company to increase the number of authorized shares of Common Stock to account for the shares of Common Stock to be issued in connection with the Rights Offering and Overallotment Option, (iii) the Rights Offering and (iv) the amendment of the Company Employee Benefit Plans, as contemplated in SECTION 4.16 shall have been obtained.

Appears in 2 contracts

Samples: Stock Purchase Agreement (J Net Enterprises Inc), Stock Purchase Agreement (J Net Enterprises Inc)

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Company Shareholders Approval. The Company Shareholders' Approval with respect to (i) the issuance to J Net of Conversion Shares, (ii) the amendment to the articles of incorporation of the Company to increase the number of authorized shares of Common Stock to account for the shares of Common Stock to be issued in connection with the Rights Offering and Overallotment OptionOffering, (iii) the Rights Offering and the Overallotment Option and (iv) the amendment of the Company Employee Benefit Plans, as contemplated in SECTION 4.16 Plans shall have been obtained.

Appears in 2 contracts

Samples: Stand by Purchase Agreement (J Net Enterprises Inc), Stand by Purchase Agreement (J Net Enterprises Inc)

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