Common use of No Groups, Voting Trusts, Etc Clause in Contracts

No Groups, Voting Trusts, Etc. Except as the same may be approved by a majority of the Disinterested Directors in a specific resolution to that effect adopted prior to the taking of such action, prior to the third anniversary of the Effective Date, neither the Investor Group nor the Shareholder Group shall (a) form, join in or participate in the formation of a group with respect to any Company Voting Securities, other than (i) in the case of the Investor Group, a group consisting solely of the members of the Investor Group, (ii) in the case of the Shareholder Group, a group consisting solely of the members of the Shareholder Group and (iii) any group that may be deemed to exist by virtue of the Shareholders Agreement; or (b) deposit any Company Voting Securities into a voting trust or subject any Company Voting Securities to any arrangement or agreement with respect to the voting thereof, other than (i) the Shareholders Agreement, (ii) in the case of the Investor Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Investor Group or Permitted Transferees (as defined in the Shareholders Agreement) of Investor and (iii) in the case of the Shareholder Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Shareholder Group or Permitted Transferees of Shareholder.

Appears in 2 contracts

Samples: Investment Agreement (Davel Communications Group Inc), Investment Agreement (Samstock LLC)

AutoNDA by SimpleDocs

No Groups, Voting Trusts, Etc. Except as the same may be approved by a majority of the Disinterested Directors in a specific resolution to that effect adopted prior to the taking of such action, prior to the third anniversary of the Effective Datedate of the Original Agreement, neither the Investor Group nor the Shareholder Group shall (a) form, join in or participate in the formation of a group with respect to any Company Voting Securities, other than (i) in the case of the Investor Group, a group consisting solely of the members of the Investor Group, (ii) in the case of the Shareholder Group, a group consisting solely of the members of the Shareholder Group Group, and (iii) any group that may be deemed to exist by virtue of the Restated Shareholders Agreement; or (b) deposit any Company Voting Securities into a voting trust or subject any Company Voting Securities to any arrangement or agreement with respect to the voting thereof, other than (i) the Restated Shareholders Agreement, (ii) in the case of the Investor Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Investor Group or Permitted Transferees (as defined in the Restated Shareholders Agreement) of Investor and (iii) in the case of the Shareholder Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Shareholder Group or Permitted Transferees of Shareholder.

Appears in 2 contracts

Samples: Investment Agreement (Egi Dm Invetments LLC), Investment Agreement (Davel Communications Inc)

AutoNDA by SimpleDocs

No Groups, Voting Trusts, Etc. Except as the same may be approved by a majority of the Disinterested Directors in a specific resolution to that effect adopted prior to the taking of such action, prior to the third anniversary of the Effective Datedate of the Original Agreement, neither the Investor Group nor the Shareholder Group shall (a) form, join in or participate in the formation of a group with respect to any Company Voting Securities, other than (i) in the case of the Investor Group, a group consisting solely of the members of the Investor Group, (ii) in the case of the Shareholder Group, a group consisting solely of the members of the Shareholder Group Group, and (iii) any group that may be deemed to exist by virtue of the Shareholders Agreement; or (b) deposit any Company Voting Securities into a voting trust or subject any Company Voting Securities to any arrangement or agreement with respect to the voting thereof, other than (i) the Shareholders Agreement, (ii) in the case of the Investor Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Investor Group or Permitted Transferees (as defined in the Shareholders Agreement) of Investor and (iii) in the case of the Shareholder Group, any such trust, arrangement or agreement the only parties to, or beneficiaries of, which are members of the Shareholder Group or Permitted Transferees of Shareholder.

Appears in 1 contract

Samples: Investment Agreement (Samstock LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.