Common Contracts
2 similar Stock Purchase Agreement contracts by American Industrial Partners Capital Fund Ii L P, Vestar Equity Partners L P
EXHIBIT 7 Form of Letter Agreement To Be Executed by Management Purchasers Who Are Not Parties to the Stockholders AgreementStock Purchase Agreement • March 31st, 1997 • Vestar Equity Partners L P • Railroad equipment
The undersigned is a Management Purchaser under the Purchase Agreement. The undersigned will not be subject to the Amended and Restated Stockholders Agreement dated as of March 5, 1997 (the "Stockholders Agreement") and is delivering this letter agreement to you in order to induce you to enter into the Purchase Agreement. The undersigned agrees that prior to April 1, 1998 the SIH shares being purchased by the undersigned pursuant to the Purchase Agreement ("Acquired Shares") shall not be sold, transferred, assigned, mortgaged, hypothecated, given away, changed or otherwise disposed of after such purchase except in the circumstances described in the first sentence of Section 5.2.1 of the Stockholders Agreement; provided that Acquired Shares may be pledged as collateral to a bona fide financial institution to secure a loan obtained for the purpose of financing the undersigned's purchase of Acquired Shares. Thereafter, the Acquired Shares shall not be transferred except as follows: (i) to
March 20, 1997 Vestar Equity Partners, L.P. 1225 17th Street, Suite 1660 Denver, Colorado 80202 Harvard Private Capital Holdings, Inc. c/o Harvard Private Capital Group, Inc. 600 Atlantic Avenue, 26th Floor Boston, Massachusetts 02110 American...Stock Purchase Agreement • March 31st, 1997 • American Industrial Partners Capital Fund Ii L P • Railroad equipment
The undersigned is a Management Purchaser under the Purchase Agreement. The undersigned will not be subject to the Amended and Restated Stockholders Agreement dated as of March 5, 1997 (the "Stockholders Agreement") and is delivering this letter agreement to you in order to induce you to enter into the Purchase Agreement. The undersigned agrees that prior to April 1, 1998 the SIH shares being purchased by the undersigned pursuant to the Purchase Agreement ("Acquired Shares") shall not be sold, transferred, assigned, mortgaged, hypothecated, given away, changed or otherwise disposed of after such purchase except in the circumstances described in the first sentence of Section 5.2.1 of the Stockholders Agreement; provided that Acquired Shares may be pledged as collateral to a bona fide financial institution to secure a loan obtained for the purpose of financing the undersigned's purchase of Acquired Shares. Thereafter, the Acquired Shares shall not be transferred except as follows: (i) to
