Common use of Stock Subject to Agreement Clause in Contracts

Stock Subject to Agreement. All of the shares of common stock, par value $0.01 per share, of the Corporation (the "Stock") owned by each of the Shareholders are made subject to the terms and provisions of this Agreement. Any additional Stock of the Corporation acquired by the Shareholders either by purchase, dividend or otherwise, shall be subject to this Agreement. Notwithstanding any other provision of this Agreement, this Agreement shall not prohibit or restrict in any manner the right of either Shareholder at any time to sell, transfer, pledge or otherwise dispose of any or all of the Stock owned by such Shareholder in each case free of the voting agreements and proxy set forth in this Agreement.

Appears in 3 contracts

Samples: Shareholder Voting Agreement (Rsi Systems Inc/Mn), Stock Purchase Agreement (Digital Investors LLC), Stock Purchase Agreement (Rsi Systems Inc/Mn)

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Stock Subject to Agreement. All of the shares of common stock, par value $0.01 per share, stock of the Corporation (the "Stock") owned by each of that the Shareholders own or otherwise have a beneficial interest to are made subject to the terms and provisions of this Agreement. Any additional Stock stock of the Corporation acquired by the Shareholders either by purchase, dividend debt conversion, dividend, or otherwise, otherwise shall be subject to this Agreement. Notwithstanding any other provision of this Agreement, this Agreement shall not prohibit or restrict in any manner the right of either Shareholder the Shareholders at any time to sell, transfer, pledge or otherwise dispose of any or all of the Stock owned by such Shareholder the Shareholders in each case free of the voting agreements and proxy set forth in this Agreement.

Appears in 1 contract

Samples: Agreement (Lightning Gaming, Inc.)

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