Common use of No Obligation to Exercise Options or Other Securities Clause in Contracts

No Obligation to Exercise Options or Other Securities. Nothing contained in this Agreement shall require any Stockholder (or shall entitle any proxy of such Stockholder) to (a) convert, exercise or exchange any option, warrants or convertible securities in order to obtain any underlying Subject Shares which may be voted or (b) vote, or execute any consent with respect to, any Subject Shares underlying such options, warrants or convertible securities that have not yet been issued as of the applicable record date for that vote or consent.

Appears in 2 contracts

Samples: Support Agreement (Alaska Air Group, Inc.), Support Agreement (Virgin America Inc.)

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No Obligation to Exercise Options or Other Securities. Nothing contained in this Agreement shall require any Stockholder (or shall entitle any proxy of such Stockholder) to (a) convert, exercise or exchange any option, warrants or convertible securities in order to obtain any underlying Subject Purchaser Shares which may be voted or (b) vote, or execute any consent with respect to, any Subject Purchaser Shares underlying such options, warrants or convertible securities that have not yet been issued as of the applicable record date for that vote or consent.

Appears in 2 contracts

Samples: Voting and Support Agreement (Viasat Inc), Voting and Support Agreement (Viasat Inc)

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