Common use of Limitation on Purchase of Common Stock Clause in Contracts

Limitation on Purchase of Common Stock. Until the earlier to occur of (i) the fifth anniversary of the Closing Date or (ii) the occurrence of a Change in Control no Xxxxxxxxxxx Shareholder shall acquire any shares of Common Stock or securities convertible into or exercisable or exchangeable for Common Stock except (x) as a Permitted Transferee in a transfer from any other Xxxxxxxxxxx Shareholder which is otherwise permitted under the terms of Article 3 hereof or (y) pursuant to stock options granted by the Company.

Appears in 5 contracts

Samples: Investors Agreement (Cable Systems Holding LLC), Investors Agreement (Ipc Information Systems Inc), Investors Agreement (Ipc Information Systems Inc)

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Limitation on Purchase of Common Stock. Until the earlier to occur of (i) the fifth anniversary of the Closing Date or (ii) the occurrence of a Change in Control no Xxxxxxxxxxx Shareholder shall acquire any shares of Common Stock or securities convertible into or exercisable or exchangeable for Common Stock except (x) as a Permitted Transferee in a transfer from any other Xxxxxxxxxxx Shareholder which is otherwise permitted under the terms of Article 3 hereof or (y) pursuant to stock options granted by the Company. ARTICLE 7 MISCELLANEOUS Section 7.01.

Appears in 1 contract

Samples: Investors Agreement (Ipc Information Systems Inc)

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