Common use of Section 16(b) Clause in Contracts

Section 16(b). Prior to the Effective Time, the Company shall (and shall be permitted to) take all actions as may be reasonably requested by any party hereto to cause any dispositions of equity securities of the Company (including any derivative securities with respect to any equity securities of the Company) by each individual who is a director or officer of the Company, and who would otherwise be subject to Rule 16b-3 under the Exchange Act, to be exempt under Exchange Act Rule 16b-3.

Appears in 3 contracts

Samples: Merger Agreement (Front Yard Residential Corp), Merger Agreement (Front Yard Residential Corp), Merger Agreement (Athenahealth Inc)

AutoNDA by SimpleDocs

Section 16(b). Prior to the Effective Time, the Company shall (and shall be permitted to) take all actions as may be reasonably requested by any party hereto to cause any dispositions (or deemed dispositions) of equity securities of the Company (including any derivative securities with respect to any equity securities of the Company) by each individual who is a director or officer of the Company, and who would otherwise be subject to Rule 16b-3 under the Exchange Act, to be exempt under Exchange Act Rule 16b-3.

Appears in 3 contracts

Samples: Merger Agreement (Agiliti, Inc. \De), Merger Agreement (Covetrus, Inc.), Merger Agreement (Vonage Holdings Corp)

Section 16(b). Prior to the Effective Time, the Company shall (and shall be permitted to) take all actions as may be reasonably requested by any party hereto necessary to cause any dispositions of equity securities of the Company (including any derivative securities securities) in connection with respect to any equity securities of the Company) transactions contemplated by this Agreement by each individual who is a director or officer of the Company, and who would otherwise Company to be subject to exempt under Rule 16b-3 promulgated under the Exchange Act, to be exempt under Exchange Act Rule 16b-3.

Appears in 2 contracts

Samples: Merger Agreement (Shenandoah Telecommunications Co/Va/), Merger Agreement (Ntelos Holdings Corp.)

AutoNDA by SimpleDocs

Section 16(b). Prior to the Effective Time, the Company shall (and shall be permitted to) take all actions as may be reasonably requested by any party hereto to cause any dispositions (or deemed dispositions) of equity securities of the Company (including any derivative securities with respect to any equity securities of the Company) by each individual who is a director or officer of the Company, and who would otherwise Company to be subject to exempt under Rule 16b-3 promulgated under the Exchange Act, to be exempt under Exchange Act Rule 16b-3.

Appears in 1 contract

Samples: Merger Agreement (Benefytt Technologies, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!