Common use of Acquisition of Stock or Shares by Third Party Clause in Contracts

Acquisition of Stock or Shares by Third Party. Any Person, other than GTCR or any of its respective affiliates and other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities, unless the change in relative “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act) of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding securities entitled to vote generally in the election of directors;

Appears in 3 contracts

Samples: Indemnification Agreement (Cision Ltd.), Indemnification Agreement (Cision Ltd.), Indemnification Agreement (Capitol Acquisition Holding Co Ltd.)

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Acquisition of Stock or Shares by Third Party. Any Person, other than GTCR LLC (“GTCR”) or any of its respective affiliates and other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities, unless the change in relative “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act) of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding securities entitled to vote generally in the election of directors;

Appears in 1 contract

Samples: Indemnification Agreement (Cision Ltd.)

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