Only Shares Clause Samples
The "Only Shares" clause restricts the subject matter of an agreement or transaction to shares alone, excluding other types of securities or interests. In practice, this means that the rights, obligations, or transfers covered by the contract pertain solely to shares in a company, and do not extend to options, warrants, or debt instruments. This clause ensures clarity by precisely defining the scope of what is being dealt with, thereby preventing misunderstandings or disputes about whether other financial instruments are included.
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Only Shares. Except as disclosed on Schedule A or B, such Shares of ----------- -------- - - such Stockholder subject to this Agreement are the only shares of Common Stock owned of record, or owned beneficially with the power to sell, by such Shareholder;
Only Shares. The Stockholder is the beneficial owner of all of the Shares. On the date hereof, the Shares constitute all of the shares of Common Stock of the Company owned of record or beneficially owned by the Stockholder other than Stock Options (as defined in the Merger Agreement), shares to be acquired through the Company's Employee Stock Purchase Plan and shares owned by the Stockholder's spouse. The Stockholder has sole voting power and sole power to issue instructions with respect to the matters set forth in Section 1 hereof, sole power of disposition and sole power to agree to all of the matters set forth in this Agreement, in each case with respect to all of the Shares, with no limitations, qualifications or restrictions on such rights (subject to applicable securities laws). There is no beneficiary or holder of a voting trust certificate or other interest of any trust of which the Stockholder is settlor or trustee or any other person whose consent is required for the execution, delivery and performance of this Agreement or the consummation by the Stockholder of the transactions contemplated hereby.
Only Shares. Such Shares of such Stockholder subject to this Agreement are the only shares of Common Stock owned of record, or owned beneficially with the power to sell, by such Stockholder.
Only Shares. The Stockholders are the beneficial owners of all of the Shares. On the date hereof, the Shares constitute all of the shares of Common Stock of the Company owned of record or beneficially owned by the Stockholders other than Stock Options (as defined in the Merger Agreement). The Stockholders have sole voting power and sole power to issue instructions with respect to the matters set forth in Section 1 hereof, sole power of disposition and sole power to agree to all of the matters set forth in this Agreement, in each case with respect to all of the Shares, with no limitations, qualifications or restrictions on such rights (subject to applicable securities laws). There is no beneficiary or holder of a voting trust certificate or other interest of any trust of which any Stockholder is settlor or trustee or any other person whose consent is required for the execution, delivery and performance of this Agreement or the consummation by the Stockholders of the transactions contemplated hereby.