Common use of Ownership of Securities Clause in Contracts

Ownership of Securities. As of the date hereof, neither of Brekford nor any of its Subsidiaries nor any of their affiliates or associates (as such terms are defined under the Exchange Act), (a)(i) beneficially owns, directly or indirectly, or (ii) is party to any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of, in each case, shares of capital stock of the Company, which in the aggregate represent 10% or more of the outstanding shares of Company Common Stock, or (b) is an “interested stockholder” of the Company within the meaning of Section 203 of the Delaware Law. Except as set forth on Schedule 4.19 hereto, neither Brekford nor any of its Subsidiaries owns any shares of Company Common Stock.

Appears in 9 contracts

Samples: Agreement and Plan of Merger (KeyStone Solutions, Inc.), Agreement and Plan of Merger (Brekford Traffic Safety, Inc.), Agreement and Plan of Merger (Brekford Traffic Safety, Inc.)

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Ownership of Securities. As of the date hereof, neither ----------------------- none of Brekford nor Telco or any of its Subsidiaries nor any of their affiliates or associates (as such terms are defined under the Exchange Act), (a)(i) beneficially owns, directly or indirectly, or (ii) is party to any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of, in each case, shares of capital stock of the CompanyEXCEL, which in the aggregate represent 10% or more of the outstanding shares of Company EXCEL Common Stock, or (b) is an "interested stockholder" of the Company EXCEL within the meaning of Section 203 of the Delaware Law. Except as set forth on Schedule 4.19 4.20 hereto, neither Brekford Telco nor any of its Subsidiaries owns any shares of Company EXCEL Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Excel Communications Inc), Agreement and Plan of Merger (Telco Communications Group Inc)

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