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.
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.
In addition to any vote required by the Security Holders Agreement, the Corporation may not authorize or issue Capital Stock having any rights, preferences or privileges senior to or on a parity with the Series A Preferred Stock (other than the Series B Preferred Stock, which is pari passu with the Series A Preferred Stock) without the prior written consent or approval of holders of a majority of the outstanding shares of Series A Preferred Stock voting as a single class.
The Corporation hereby acknowledges that the persons designated as directors of the Corporation pursuant to Section 8(a) of the Security Holders Agreement may have certain rights to indemnification, advancement of expenses and/or insurance provided by their respective designators and certain of their affiliates (collectively, the “ Fund Indemnitors”).
In addition to any vote required by the Security Holders Agreement, the Corporation may not authorize or issue Capital Stock having any rights, preferences or privileges senior to or on a parity with the Series B Preferred Stock (other than the Series A Preferred Stock, which is pari passu with the Series B Preferred Stock) without the prior written consent or approval of holders of a majority of the outstanding shares of Series B Preferred Stock voting as a single class.