Common use of Limitations on Transfer of Stock Clause in Contracts

Limitations on Transfer of Stock. The Class A Common Stock and Series M Preferred Stock to be issued to each Shareholder pursuant to the Plan of Merger and any additional shares of Class A Common Stock which may be issued upon a conversion of the Series M Preferred Stock will be held as an investment and not with a view to distribution.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (Lithia Motors Inc), Merger Agreement (Lithia Motors Inc), Agreement and Plan of Reorganization (Lithia Motors 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!