Common use of Preferred Stock Purchase Plan Amendment Clause in Contracts

Preferred Stock Purchase Plan Amendment. Unless waived by each party, PSINet shall have entered into an amendment to its preferred stock purchase rights plan on or before August 1, 1997, satisfactory to IXC and PSINet, providing, among other things, for purposes: (i) of the definitions of "Acquiring Person", "Beneficial Owner" and "Beneficial Ownership"; and (ii) of the definitions of "Associate" and Affiliate" of an Acquiring Person:

Appears in 6 contracts

Samples: Iru and Stock Purchase Agreement (Psinet Inc), Iru and Stock Purchase Agreement (Ixc Communications Inc), Iru and Stock Purchase Agreement (Psinet Inc)

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