Common use of SALES OF CCC COMMON STOCK Clause in Contracts

SALES OF CCC COMMON STOCK. (a) Except with the consent of CCC, no Shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder in the Merger as the Base Merger Consideration prior to the first anniversary of the Closing. Thereafter, up to one-third of the shares of CCC Common Stock received by a Shareholder as part of the Base Merger Consideration may be resold at any time after the first anniversary of the Closing, an additional one-third may be resold beginning eighteen months after the Closing by each Shareholder and the remaining one-third may be resold beginning on the second anniversary of the Closing. Except with the consent of CCC, no shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder as the Contingent Merger Consideration prior to 19 months after the Closing Date. Thereafter, up to 50% of the shares of CCC Common Stock received by a Shareholder as part of the Contingent Merger Consideration may be resold at any time beginning 19 months after the Closing Date and the remaining 50% may be resold beginning 23 months after the Closing Date. Notwithstanding anything in the foregoing to the contrary, a Shareholder may transfer shares of CCC Common Stock to a Related Party for estate planning purposes, provided that such Related Party transferee (i) acknowledges the contractual restrictions relating to the transfer of such shares set forth in this Section 7.10 and (ii) agrees to be bound by the same . For purposes hereof, "

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp)

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SALES OF CCC COMMON STOCK. (a) Except with the consent of CCC, no Shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder in the Merger as the Base Merger Consideration prior to the first anniversary of the Closing. Thereafter, up to one-third of the shares of CCC Common Stock received by a Shareholder as part of the Base Merger Consideration may be resold at any time after the first anniversary of the Closing, an additional one-third may be resold beginning eighteen months after the Closing by each Shareholder and the remaining one-third may be resold beginning on the second anniversary of the Closing. Except with the consent of CCC, no shareholder Shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder as the Contingent Merger Consideration prior to 19 months after the Closing Date. Thereafter, up to 50% of the shares of CCC Common Stock received by a Shareholder as part of the Contingent Merger Consideration may be resold at any time beginning 19 months after the Closing Date and the remaining 50% may be resold beginning 23 months after the Closing Date. Notwithstanding anything in the foregoing to the contrary, a Shareholder may transfer shares of CCC Common Stock to a Related Party for estate planning purposes, provided that such Related Party transferee (i) acknowledges the contractual restrictions relating to the transfer of such shares set forth in this Section 7.10 and (ii) agrees to be bound by the same . For purposes hereof, "

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)

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SALES OF CCC COMMON STOCK. (a) Except with the consent of CCC, no Shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder in the Merger as the Base Merger Consideration prior to the first anniversary of the Closing. Thereafter, up to one-third of the shares of CCC Common Stock received by a Shareholder as part of the Base Merger Consideration may be resold at any time after the first anniversary of the Closing, an additional one-third may be resold beginning eighteen months after the Closing by each Shareholder and the remaining one-third may be resold beginning on the second anniversary of the Closing. Except with the consent of CCC, no shareholder will, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of any shares of CCC Common Stock received by such Shareholder as the Contingent Merger Consideration prior to 19 months after the Closing Date. Thereafter, up to 50% of the shares of CCC Common Stock received by a Shareholder as part of the Contingent Merger Consideration may be resold at any time beginning 19 months after the Closing Date and the remaining 50% may be resold beginning 23 months after the Closing Date. Notwithstanding anything in the foregoing to the contrary, a Shareholder may transfer shares of CCC Common Stock to a Related Party for estate planning purposes, provided that such Related Party transferee (i) acknowledges the contractual restrictions relating to the transfer of such shares set forth in this Section 7.10 and (ii) agrees to be bound by the same same. For purposes hereof, "

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)

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