Common use of Exemption from Liability Under Section Clause in Contracts

Exemption from Liability Under Section. 16(b). Prior to the Effective Time, the Company will take all such steps as may be necessary or appropriate to cause any disposition or acquisition by the Company’s directors and officers of shares of Company Capital Stock or conversion of any derivative securities in respect of such shares of Company Capital Stock in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act, including any such actions specified in the applicable SEC No-Action Letter dated January 12, 1999.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Ocwen Financial Corp), Agreement and Plan of Merger (Ocwen Financial Corp)

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Exemption from Liability Under Section. 16(b). Prior to the Effective Time, the Company will shall take all such steps as may be necessary or appropriate required to cause any disposition or acquisition by the Company’s directors and officers of shares of Company Capital Common Stock or conversion of any derivative securities in respect of such shares of Company Capital Common Stock including LLC Units and LLC Options by an individual subject to the reporting requirements of Section 16(a) of the Exchange Act in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act, including any such actions specified in Act to the applicable SEC No-Action Letter dated January 12, 1999fullest extent possible.

Appears in 1 contract

Samples: Agreement and Plan of Merger (H&E Equipment Services, Inc.)

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Exemption from Liability Under Section. 16(b). Prior to the Effective Time, the Company will shall take all such steps as may be necessary or appropriate to cause any disposition or acquisition by the Company’s directors and officers of shares of Company Capital Stock or conversion of any derivative securities in respect of such shares of Company Capital Stock in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act, including any such actions specified in the applicable SEC No-Action Letter dated January 12, 1999.

Appears in 1 contract

Samples: Agreement and Plan of Merger (KCG Holdings, Inc.)

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