Examples of Xxxx Stockholders in a sentence
Other than the Xxxx Stockholders and the Founder Holders, a Party who does not hold Registrable Securities as of the Closing Date and who acquires Registrable Securities after the Closing Date will not be a “Holder” until such Party gives Parent a representation in writing of the number of Registrable Securities it holds.
Each holder of Executive Stock will take all necessary or desirable actions in connection with the consummation of the Approved Xxxx Sale as requested by the Non-Xxxx Directors, the Xxxx Stockholders or the Company.
If any holder of Executive Stock appoints a purchaser representative designated by the Company or the Xxxx Stockholders, the Company will pay the fees of such purchaser representative, but if any holder of Executive Stock declines to appoint the purchaser representative designated by the Company or the Xxxx Stockholders, such holder will appoint another purchaser representative, and such holder will be responsible for the fees of the purchaser representative so appointed.
If the Approved Sale is structured as (i) a merger or consolidation, each holder of Stockholder Shares will waive any dissenters rights, appraisal rights or similar rights in connection with such merger or consolidation or (ii) sale of stock, each holder of Stockholder Shares will agree to sell all of his Stockholder Shares and rights to acquire Stockholder Shares on the terms and conditions approved by the Majority Xxxx Stockholders.
Notwithstanding the foregoing, in the event that the Xxxx Stockholders are issued shares of Common Stock in the Merger that have not been registered under the Securities Act, the Xxxx Stockholders shall be entitled to exercise an additional Demand Registration in which all of the Registration Expenses shall be borne by the Company.