Shares Held by Company Affiliates. Anything to the contrary in this Agreement notwithstanding, no shares of Buyer Common Stock (or certificates for such shares) shall be issued in exchange for any Company Certificate to any person who is expected to be an "affiliate" of the Company at the Effective Time (identified pursuant to Section 7.17) until such person shall have delivered to Buyer a duly executed letter agreement as contemplated by Section 7.17. Such person shall be subject to the restrictions described in such letter agreement, and such shares (or certificates for such shares) shall bear a legend describing such restrictions.
Appears in 2 contracts
Samples: Merger Agreement (Diker Charles M), Merger Agreement (Cantel Medical Corp)
Shares Held by Company Affiliates. Anything to the contrary in this Agreement notwithstanding, no shares of Buyer Common Stock (or certificates for such shares) shall be issued in exchange for any Company Certificate to any person who is expected to be an "affiliate" of the Company at the Effective Time (identified pursuant to Section 7.17) until such person shall have delivered to Buyer a duly executed letter agreement as contemplated by Section 7.17. Such person shall be subject to the restrictions described in such letter agreement, and such shares (or certificates for such shares) shall bear a legend describing such restrictions.. ARTICLE III
Appears in 1 contract
Samples: Merger Agreement (Minntech Corp)
Shares Held by Company Affiliates. Anything to the contrary in this Agreement notwithstanding, no shares of Buyer Common Stock (or certificates for such shares) shall be issued in exchange for any Company Old Certificate to any person who is expected to be an "affiliate" of the Company at the Effective Time (identified pursuant to Section 7.177.12) until such person shall have delivered to Buyer a duly executed letter agreement as contemplated by Section 7.177.12. Such person shall be subject to the restrictions described in such letter agreement, and such shares (or certificates for such shares) shall bear a legend describing such restrictions.
Appears in 1 contract
Samples: Merger Agreement (Netsilicon Inc)