Common use of Competitors Clause in Contracts

Competitors. Following the Second Trigger Date, Xxxxxxx Parent shall not, and shall cause the other members of the Xxxxxxx Group not to, Transfer, in a single transaction or in a series of transactions, more than ten percent (10%) of the then-outstanding Company Common Stock to any Person who is engaged in any business that engages in the Company Business (other than a member of the Company Group or a member of the Xxxxxxx Group), unless approved by an RPT Committee.

Appears in 4 contracts

Samples: Transaction Agreement and Plan of Merger (Emersub CX, Inc.), Stockholders Agreement (Aspen Technology, Inc.), Stockholders Agreement (Emerson Electric Co)

AutoNDA by SimpleDocs

Competitors. Following the Second Trigger Date, Xxxxxxx Parent shall not, and shall cause the other members of the Xxxxxxx Group not to, Transfer, in a single transaction or in a series of transactions, more than ten percent (10%) of the then-outstanding Company Common Stock to any Person who is engaged in any business that engages in the Company Business (other than a member of the Company Group or a member of the Xxxxxxx Group), unless approved by an RPT Committee.. (e)

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger (Aspen Technology, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.