Common use of PERMITTED SALES OF NEWCO STOCK Clause in Contracts

PERMITTED SALES OF NEWCO STOCK. For so long as Seagate owns (of record or beneficially) at least 5% of the outstanding Common Stock of Newco, Seagate shall not sell,

Appears in 6 contracts

Samples: Stockholder Agreement (Veritas Holding Corp), Stockholder Agreement (Seagate Software Inc), Form of Stockholder Agreement (Seagate Software Inc)

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PERMITTED SALES OF NEWCO STOCK. For so long as Seagate owns (of record or beneficially) at least 5% of the outstanding Common Stock of Newco, Seagate shall not sell,, transfer, assign, pledge, hypothecate or otherwise dispose of any interest in any Newco securities, directly or indirectly, for a period of one year following the consummation of the Plan, except as

Appears in 1 contract

Samples: Stockholder Agreement (Veritas Software Corp /De/)

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