Common use of Ownership of Covered Shares Clause in Contracts

Ownership of Covered Shares. Such Stockholder is as of the date hereof, and at all times during the term of this Agreement will be, the beneficial owner of the Covered Shares, free and clear of any Lien and any other limitation or restriction (including any restriction on the right to vote or otherwise dispose of the Covered Shares) other than those created by this Agreement. Such Stockholder has full voting power, and full power of disposition, with respect to the Covered Shares, and full power to agree to all of the matters set forth in this Agreement. None of the Covered Shares is subject to any voting trust or other Contract with respect to the voting of such Covered Shares.

Appears in 2 contracts

Samples: Tender and Voting Agreement (Sidewinder Drilling Inc.), Tender and Voting Agreement (Union Drilling Inc)

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Ownership of Covered Shares. Such Stockholder is as of the date hereof, and at all times during the term of this Agreement will be, the beneficial owner of the Covered Shares, free and clear of any Lien and any other limitation or restriction (including any restriction on the right to vote or otherwise dispose of the Covered Shares) other than those created by this Agreement. Such Stockholder has full voting power, and full power of disposition, with respect to the Covered Shares, and full power to agree to all of the matters set forth in this Agreement. None Other than the Shareholders’ Agreement, none of the Covered Shares is subject to any voting trust or other Contract with respect to the voting of such Covered Shares.

Appears in 2 contracts

Samples: Tender and Voting Agreement (Sidewinder Drilling Inc.), Tender and Voting Agreement (Union Drilling Inc)

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Ownership of Covered Shares. Such Stockholder The Investor is as of the date hereof, and at all times during the term of this Agreement will be, the beneficial owner of the Covered Shares, free and clear of any Lien and any other limitation or restriction (including any restriction on the right to vote or otherwise dispose of the Covered Shares) other than those created by this Agreement. Such Stockholder The Investor has full voting power, and full power of disposition, with respect to the Covered Shares, and full power to agree to all of the matters set forth in this Agreement. None Other than the Shareholders’ Agreement, none of the Covered Shares is subject to any voting trust or other Contract agreement or arrangement with respect to the voting of such Covered Shares.

Appears in 1 contract

Samples: Contribution, Non Tender and Support Agreement (Union Drilling Inc)

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