Common use of New Stockholders Clause in Contracts

New Stockholders. The Company will not issue any shares of capital stock or enter into any commitment, conditional or otherwise, to do so unless the holder or transferee of such stock or commitment shall have first executed an Instrument of Accession if such Person is not already a party to this Agreement.

Appears in 1 contract

Sources: Stockholder Agreement (Simonds Industries Inc)

New Stockholders. The Company Except for issuance of Securities to any Person who is a Stockholder prior to giving effect to such issuance, the Corporation will not issue any shares of capital stock or any rights to purchase the same or enter into any commitment, conditional or otherwise, to do so unless the holder or transferee of such stock or commitment shall have first executed an Instrument of Accession if such Person is not already a party to this AgreementAccession.

Appears in 1 contract

Sources: Stockholders' Agreement (Paperexchange Com Inc)