New Stockholders. A Person (other than a current Stockholder) who purchases from the Company Shares shall become a Stockholder, pursuant to the terms and subject to the conditions set forth in this Agreement upon furnishing to the Company (a) a subscription agreement, in form reasonably satisfactory to the Company, which agreement shall include an acceptance by such Person of all the terms and conditions of this Agreement, and (b) such other documents as the Company deems reasonably necessary or advisable. Such admission shall become effective on the date that the Company determines that such conditions have been satisfied.
Appears in 2 contracts
Sources: Stockholders’ Agreement (Skyterra Communications Inc), Stockholders’ Agreement (Motient Corp)