Security Holders Agreement definition
Examples of Security Holders Agreement in a sentence
The Holder acknowledges and agrees that any shares issued pursuant to the Warrants are subject to the terms and conditions set forth in the Security Holders Agreement, as amended from time to time, and that no transfer of such shares will be made on the books of the Issuer unless such transfer is in compliance with the terms of such Security Holders Agreement.
Accordingly, this Warrant and the Warrant Shares issuable upon exercise of this Warrant shall be deemed “Shares” for the purposes of the Security Holders Agreement and shall be subject to the provisions of that Security Holders Agreement as though this Warrant and the Warrant Shares issuable upon exercise of this Warrant were “Shares” thereunder.
The Employer and the Employee acknowledge and agree that as a material inducement to enter into this Agreement and fulfill their respective obligations and covenants hereunder, they shall simultaneously execute and deliver (i) a Subscription Agreement, pursuant to which, among other things, the Employee shall purchase certain shares of capital stock of Buyer, and (ii) a Security Holder's Agreement, among Buyer and certain stockholders of Buyer.
This Warrant and the Warrant Shares issuable upon exercise of this Warrant shall be subject to the transfer restrictions set forth in the Security Holders Agreement.
The restrictions referred to in the endorsement required pursuant to Section 6.02(e)(2)(B) shall cease and terminate as to any particular Securities or shares Capital Stock when PMGI reasonably determines that the provisions of the Security Holders Agreement are no longer applicable to such shares or the Security Holders Agreement shall have terminated in accordance with its terms.