Common use of Vote Against; Redemption Clause in Contracts

Vote Against; Redemption. In further consideration of the Option Price and unless withdrawn and revoked pursuant to the terms of this Agreement, Seller hereby agrees that within forty-eight (48) hours of voting becoming available to holders of the Company’s common stock in connection with the proposals set forth in the Company’s proxy statement(s), Seller will: (i) exercise its Redemption Rights, (ii) vote the Shares against the Business Combination, and (iii) vote the Shares against any amendment to the Certificate of Incorporation, each in the manner set forth in the Company’s respective proxy statement(s) filed with the SEC, as applicable and in a timely manner.

Appears in 5 contracts

Samples: Option Purchase Agreement (Malibu Partner LLC), Option Purchase Agreement (Malibu Partner LLC), Option Purchase Agreement (Malibu Partner LLC)

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