Common use of Ownership of Seller Common Stock Clause in Contracts

Ownership of Seller Common Stock. Neither the Buyer nor, to its best knowledge, any of its affiliates or associates (as such terms are defined under the Exchange Act) (a) beneficially own, directly or indirectly, or (b) are parties to any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of, in each case, shares of capital stock of the Seller, which in the aggregate represent five percent (5%) or more of the outstanding shares of capital stock of the Seller entitled to vote generally in the election of directors (other than shares in trust accounts, managed accounts and the like that are beneficially owned by third parties (any such shares being hereinafter referred to as, "TRUST ACCOUNT SHARES")) and any other shares held in respect of a debt previously contracted (any such shares, "DPC SHARES").

Appears in 2 contracts

Samples: Affiliation Agreement and Plan of Reorganization (Ust Corp /Ma/), Affiliation Agreement and Plan of Reorganization (Ust Corp /Ma/)

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Ownership of Seller Common Stock. Neither the Buyer nor, to its --------- -- ------ ------ ----- best knowledge, any of its affiliates or associates (as such terms are defined under the Exchange Act) ), (a) beneficially own, directly or indirectly, or (b) are parties to any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of, in each case, shares of capital stock of the Seller, which in the aggregate represent five percent (5%) or more of the outstanding shares of capital stock of the Seller entitled to vote generally in the election of directors (other than shares in trust accounts, managed accounts and the like that are beneficially owned by third parties (any such shares being hereinafter referred to asshares, "TRUST ACCOUNT SHARESTrust Account Shares")) and any other shares held in respect of a debt previously contracted (any such shares, "DPC SHARESShares")).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bank of Boston Corp)

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Ownership of Seller Common Stock. Neither the Buyer nor, to its best knowledge, any of its affiliates or associates (as such terms are defined under the Exchange Act) (a) beneficially own, directly or indirectly, or (b) are parties to any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of, in each case, shares of capital stock of the Seller, which in the aggregate represent five percent (5%) or more of the outstanding shares of capital stock of the Seller entitled to vote generally in the election of directors (other than shares in trust accounts, managed accounts and the like that are beneficially owned by third parties (any such shares being hereinafter referred to as, "TRUST ACCOUNT SHARES")) and any other shares held in respect of a debt previously contracted (any such shares, "DPC SHARES").

Appears in 1 contract

Samples: Affiliation Agreement and Plan of Reorganization (Ust Corp /Ma/)

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