Common use of Outstanding Shares Clause in Contracts

Outstanding Shares. For purposes of this Section 6.3, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company other than dividends or distributions payable only in shares of Common Stock.

Appears in 6 contracts

Samples: Note Purchase Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Emagin Corp

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Outstanding Shares. For purposes of this Section 6.36(c), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company other than dividends or distributions payable only in shares of Common Stock.

Appears in 6 contracts

Samples: Purchase Agreement (Zix Corp), Insmed Inc, Purchase Agreement (Zix Corp)

Outstanding Shares. For purposes of this Section 6.310(c), the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company Corporation but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company Corporation will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company Corporation other than dividends or distributions payable only in shares of Common Stock.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Emagin Corp)

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Outstanding Shares. For purposes of this Section 6.34, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company other than dividends or distributions payable only in shares of Common Stock.

Appears in 1 contract

Samples: Zix Corp

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