Common use of Unconditional Right of Holders to Purchase Common Stock Clause in Contracts

Unconditional Right of Holders to Purchase Common Stock. The Holder of any Corporate Unit or Treasury Unit shall have the right, which is absolute and unconditional, to purchase Common Stock (or any other securities into which the Common Stock may 44 be converted) pursuant to the Purchase Contract that is a part of such Unit and to institute suit for the enforcement of such right to purchase Common Stock (or any other securities into which the Common Stock may be converted); and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Purchase Contract Agreement (New Nisource Inc), Purchase Contract Agreement (New Nisource Inc)

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Unconditional Right of Holders to Purchase Common Stock. The Holder of any Corporate Unit or Treasury Unit shall have the right, which is absolute and unconditional, to purchase Common Stock (or any other securities into which the Common Stock may 44 be converted) pursuant to the Purchase Contract that is a part of such Unit and to institute suit for the enforcement of such right to purchase Common Stock (or any other securities into which the Common Stock may be converted); and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract Agreement (New Nisource Inc)

Unconditional Right of Holders to Purchase Common Stock. The Holder of any Corporate Unit or Treasury Unit shall have the right, which is absolute and unconditional, to purchase Common Stock (or any other securities into which the Common Stock may 44 be converted) pursuant to the Purchase Contract that is a part of such Unit and to institute suit for the enforcement of such right to purchase Common Stock (or any other securities into which the Common Stock may be converted); Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract Agreement (Nisource Inc)

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Unconditional Right of Holders to Purchase Common Stock. The Unless a Termination Event shall have occurred, the Holder of any Corporate Unit Units or Treasury Unit Units shall have the right, which is absolute and unconditional, to purchase Common Stock (or any other securities into which the Common Stock may 44 be converted) pursuant to the such Purchase Contract that is a part of such Unit and to institute suit for the enforcement of such right to purchase Common Stock (or any other securities into which the Common Stock may be converted); Stock, and such rights right shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Purchase Contract Agreement (Kansas City Southern Industries Inc)

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