Common use of NO PURCHASES BEFORE CLOSING Clause in Contracts

NO PURCHASES BEFORE CLOSING. Without the Company's written consent, neither the Purchaser nor any of its Affiliates shall, between the date of execution of this Agreement and Closing, acquire in any way, or hold record or beneficial ownership of more than five percent of, any Common Shares or any other Company securities entitled to vote for the election of directors, or any security convertible into or exchangeable or exercisable for the purchase of Common Shares or other Company securities entitled to vote for the election of directors.

Appears in 4 contracts

Samples: Common Stock Purchase Agreement (Worldgate Communications Inc), Common Stock Purchase Agreement (Worldgate Communications Inc), Common Stock Purchase Agreement (Worldgate Communications Inc)

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