Common use of Share Purchases Clause in Contracts

Share Purchases. 4.1 If, immediately after the IPO Closing, MGP together with any of its Controlled Affiliates has the beneficial ownership of at least 5% but not more than 20% of all the outstanding common shares of MF Global, then MF Global shall not repurchase any of its outstanding common shares or take any other action that would cause MGP together with any of its Controlled Affiliates to beneficially own 20% or more of the outstanding common shares of MF Global without the prior written consent of MGP. This obligation shall automatically terminate when MGP together with any of its Controlled Affiliates first beneficially owns less than 5% of the outstanding common shares of MF Global or on the date which is 30 months following the IPO Date or upon a Change of Control of MGP, whichever occurs first.