Common use of Termination of Shareholder Agreements Clause in Contracts

Termination of Shareholder Agreements. Prior to or at the Closing each of the Companies shall cause the termination, and render void and of no effect, (i) any existing shareholder agreements between or among holders of Shares and any Company effecting the ownership or disposition of the capital stock of any Company and (ii) any options or warrants to purchase or rights to subscribe for, any capital stock of any Company to which such Company is a party and which has not been previously exercised, canceled or redeemed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

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Termination of Shareholder Agreements. Prior to or at the Closing each of the Companies Company shall cause the termination, and render void and of no effect, (i) any existing shareholder agreements between or among holders the Sellers or any other holder of Shares and any capital stock of another member of the Company effecting the ownership or disposition of the capital stock of any the Company and (ii) any options or warrants to purchase or rights to subscribe for, any capital stock of any the Company to which such Company any Person is a party and which has not been previously exercised, canceled or redeemed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Boxlight Corp)

Termination of Shareholder Agreements. Prior to or at the ------------------------------------- Closing each of the Companies Company shall cause the termination, and render void and of no effect, (i) any existing shareholder agreements between or among holders of Shares and any the Company effecting the ownership or disposition of the capital stock of any the Company and (ii) any options or warrants to purchase or rights to subscribe for, any capital stock of any the Company to which such the Company is a party and which has not been previously exercised, canceled or redeemed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

Termination of Shareholder Agreements. Prior to or at the ------------------------------------- Closing each of the Companies shall cause the termination, and render void and of no effect, (i) any existing shareholder agreements between or among holders of Shares and any Company effecting of the Companies affecting the ownership or disposition of the capital stock of any Company of the Companies and (ii) any options or warrants to purchase or rights to subscribe for, any capital stock of any Company of the Companies to which such any Company is a party and which has not been previously exercised, canceled or redeemed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

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Termination of Shareholder Agreements. Prior to or at The Company shall, and shall cause the Closing each of the Companies shall Shareholders to, cause the termination, and render void and effective immediately prior to the Closing Date, of no effect, (i) any existing all shareholder agreements between or among holders of Shares and any Company effecting the ownership or disposition of the capital stock of any Company and (ii) any options or warrants to purchase or rights to subscribe for, any capital stock of any Company to which such the Company is a party and which has not been previously exercisedparty, canceled or redeemedin each case, without any Liability to the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (On Semiconductor Corp)

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