Common use of Purpose of Guaranty Clause in Contracts

Purpose of Guaranty. The Company may Guaranty all or part of the principal amount of such Loans from time to time to Jxxxxx to be used solely for the purpose of: i) Acquiring Common Stock at fair market value in open market transactions or at negotiated prices in private transactions; ii) Acquiring Common Stock upon the exercise of stock options granted under a stock option plan of, or otherwise by, the Company; or iii) Any combination of the above.

Appears in 1 contract

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks)

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Purpose of Guaranty. The Company may Guaranty all or part of the principal amount of such Loans from time to time to Jxxxxx Rxxxx to be used solely for the purpose of: i) : i.Acquiring Common Stock at fair market value in open market transactions or at negotiated prices in private transactions; ; ii) .Acquiring Common Stock upon the exercise of stock options granted under a stock option plan of, or otherwise by, the Company; or iii) .Any combination of the above.

Appears in 1 contract

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks)

Purpose of Guaranty. The Company may Guaranty all or part of the principal amount of such Loans from time to time to Jxxxxx Bxxxx to be used solely for the purpose of: i) Acquiring Common Stock at fair market value in open market transactions or at negotiated prices in private transactions; ii) Acquiring Common Stock upon the exercise of stock options granted under a stock option plan of, or otherwise by, the Company; or iii) Any combination of the above. 5.

Appears in 1 contract

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks)

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Purpose of Guaranty. The Company may Guaranty all or part of the principal amount of such Loans from time to time to Jxxxxx Kxxxxxx to be used solely for the purpose of: i) : i.Acquiring Common Stock at fair market value in open market transactions or at negotiated prices in private transactions; ; ii) .Acquiring Common Stock upon the exercise of stock options granted under a stock option plan of, or otherwise by, the Company; or iii) .Any combination of the above.

Appears in 1 contract

Samples: Stock Purchase Assistance Agreement (Otr Express Inc/Ks)

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