STOCKHOLDERS' COVENANTS Clause Samples
The STOCKHOLDERS' COVENANTS clause sets out specific promises and obligations that stockholders agree to uphold in relation to the company and each other. Typically, this clause may require stockholders to refrain from actions that could harm the company, such as selling shares to competitors, or to vote in favor of certain corporate actions. It may also include requirements for confidentiality, non-competition, or cooperation in major transactions. The core function of this clause is to align the interests of stockholders with the company’s goals and to prevent actions by individual stockholders that could negatively impact the company or other shareholders.
STOCKHOLDERS' COVENANTS. Each Stockholder hereby severally (and not jointly) covenants to Parent and Purchaser with respect to itself and the Shares its holds (as set forth on Exhibit A hereto) as follows:
STOCKHOLDERS' COVENANTS. The Stockholders hereby covenant and agree as follows:
(a) The Stockholders hereby agree, while this Agreement is in effect, and except as contemplated hereby, not to sell, transfer, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, pledge, encumbrance, assignment or other disposition of (all of the foregoing, "Sell," "Sold" or "Sale," as the case may be), any of the Securities.
(b) The Stockholders agree not to engage in any action or omit to take any action which would have the effect of preventing or disabling Stockholders from delivering its Securities to Optionees or otherwise performing its obligations under this Agreement.
(c) The Stockholders are responsible for making any filings required to be made by him with all regulatory bodies arising from the transactions contemplated hereby.
STOCKHOLDERS' COVENANTS. Each Stockholder hereby covenants to Parent and Merger Sub as follows:
STOCKHOLDERS' COVENANTS. Each Stockholder shall not enter into any voting trust agreement, give any proxy or other right to vote the Shares or take any action that would limit the rights of any holder of the Shares to exercise fully the right to vote such Shares that would be in conflict with this Agreement or the proxy granted hereby.
STOCKHOLDERS' COVENANTS. Each Stockholder hereby covenants to Merger Sub and Investor as follows:
STOCKHOLDERS' COVENANTS. Each Stockholder shall not enter into any agreement or take any action that would limit the rights of any holder of the Shares to exercise fully the right to receive Stock Consideration, that would be in conflict with this Agreement or the election made hereby.
STOCKHOLDERS' COVENANTS. Each Stockholder covenants and agrees that prior to Closing:
STOCKHOLDERS' COVENANTS. Each Stockholder hereby severally and not jointly covenants to Parent and Merger Sub as follows:
STOCKHOLDERS' COVENANTS. Each of the Stockholders individually covenants and agrees with the Purchaser that, from and after the date of execution of this Agreement to the Closing Date, each of the Stockholders will to the best of his ability ensure the execution and delivery of all documents and instruments required to be executed and delivered by the Stockholders hereunder and will take all steps and proceedings and execute such further assurances and documents as may be required to effect the transfer to and register the Future Now Stock in the name of the Purchaser and to fulfill the terms and conditions of this Agreement.
STOCKHOLDERS' COVENANTS. 75 7.3.1 Organization, Etc. .............................. 75 7.3.2 Litigation ...................................... 75 7.3.3 No Breach of Representations and Warranties ..... 76 7.3.4