Common use of New Stockholders Clause in Contracts

New Stockholders. Except as specifically provided herein, any individual or Entity that, after the date hereof, acquires shares of Stock must as a condition to the effectiveness of such acquisition become a party to this Agreement, unless such requirement is waived by the action of a majority of the Board of Directors (including the approval of at least one of the Preferred Stock Directors as defined in the Stockholders’ Agreement). Each such individual or Entity shall become a party to this Agreement, without the need for the consent, approval or signature of any other Stockholder, by executing a joinder or other instrument acceptable to and executed by the Company; thereafter, such individual or Entity shall become a “Stockholder” hereunder (and a “Investor” with respect to individuals and Entities acquiring shares of Preferred Stock).

New Stockholders. Except as specifically provided herein, any individual or Entity that, after the date hereof, acquires shares of Stock must as a condition to the effectiveness of such acquisition become a party to this Agreement, unless such requirement is waived by the action of a majority of the Board of Directors (including the approval of at least one of the Preferred Stock Directors as defined in the Stockholders’ AgreementDirectors). Each such individual or Entity shall become a party to this Agreement, without the need for the consent, approval or signature of any other Stockholder, by executing a joinder or other instrument acceptable to and executed by the Company; thereafter, such individual or Entity shall become a “Stockholder” hereunder (and a “Investor” with respect to individuals and Entities acquiring shares of Preferred Stock).