Common use of Section 382 Compliance Clause in Contracts

Section 382 Compliance. Unless and until this Agreement is terminated pursuant to Section 6.2, no direct or indirect transfers of shares of Common Stock between and among Requesting Persons and their respective Affiliates and Associates shall be permitted if, as a result of any such transfer, any Requesting Person or any of their respective Affiliates and Associates shall become the Beneficial Owner of shares of Common Stock in an amount that would result in such Person being a Section 382 5% Shareholder of the Company.

Appears in 3 contracts

Samples: Benefit Preservation Plan Exemption Agreement (Global Value Investment Corp.), Benefit Preservation Plan Exemption Agreement (AutoWeb, Inc.), Tax Benefit Preservation Plan Exemption Agreement (AutoWeb, Inc.)

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Section 382 Compliance. Unless and until this Agreement is terminated pursuant to Section 6.26, no direct or indirect transfers of shares of Common Stock between and among Requesting Persons and their respective Affiliates and Associates Piton or the other Stockholders shall be permitted if, as a result of any such transfer, any Requesting Person or any of their respective Affiliates and Associates Stockholder (other than Piton) shall become the Beneficial Owner of shares of Common Stock Shares in an amount that would result in such Person Stockholder being a Section 382 5% Shareholder of the Company.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan Exemption Agreement (AutoWeb, Inc.)

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