Common use of Class A Common Stock to be Issued Clause in Contracts

Class A Common Stock to be Issued. (a) The Corporation covenants and agrees to deliver shares of Class A Common Stock that have been registered under the Securities Act with respect to any Exchange to the extent that a registration statement is effective and available for such shares. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable cooperation of the Holdings Unitholder requesting such Exchange, the Corporation shall use its reasonable best efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such registration requirements. The Corporation shall use its reasonable best efforts to list the Class A Common Stock required to be delivered upon exchange prior to such delivery upon each national securities exchange or inter-dealer quotation system upon which the outstanding Class A Common Stock may be listed or traded at the time of such delivery. Nothing contained herein shall be construed to preclude the Corporation or Holdings from satisfying their obligations in respect of the exchange of the Holdings Units by delivery of Class A Common Stock which are held in the treasury of the Corporation or Holdings or any of their subsidiaries.

Appears in 3 contracts

Samples: Exchange Agreement (DynaVox Inc.), Exchange Agreement (DynaVox Inc.), Exchange Agreement (DynaVox Inc.)

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Class A Common Stock to be Issued. (a) The If the Corporation does not elect to satisfy an Exchange in cash pursuant to Section 2.1(f), the Corporation covenants and agrees to deliver shares of Class A Common Stock that have been registered under the Securities Act with respect to any Exchange to the extent that a registration statement is effective and available for such shares. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required registration has not become effective or otherwise is unavailable, upon the request and with the reasonable cooperation of the Holdings LLC Unitholder requesting such Exchange, the Corporation shall use its reasonable best efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such registration requirements. The Corporation shall use its reasonable best efforts to list the Class A Common Stock required to be delivered upon exchange prior to such delivery upon each national securities exchange or inter-dealer quotation system upon which the outstanding Class A Common Stock may be listed or traded at the time of such delivery. Nothing contained herein shall be construed to preclude the Corporation or Holdings HDD from satisfying their obligations in respect of the exchange of the Holdings LLC Units by delivery of Class A Common Stock which are held in the treasury of the Corporation or Holdings HDD or any of their subsidiaries.

Appears in 3 contracts

Samples: Exchange Agreement (Truett-Hurst, Inc.), Exchange Agreement (Truett-Hurst, Inc.), Exchange Agreement (Truett-Hurst, Inc.)

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Class A Common Stock to be Issued. (a) The Corporation covenants and agrees the Company covenant and agree to deliver shares of Class A Common Stock that have been registered under the Securities Act with respect to any Exchange to the extent that a registration statement is effective and available for such shares. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any required such registration has not become effective or otherwise is unavailable, upon the request and with the reasonable cooperation of the Holdings Unitholder requesting such Exchange, the Corporation shall use its reasonable best efforts to promptly facilitate such Exchange pursuant to any reasonably available exemption from such registration requirements. The Corporation shall use its reasonable best efforts to list the Class A Common Stock required to be delivered upon exchange prior to such delivery upon each national securities exchange or inter-dealer quotation system upon which the outstanding Class A Common Stock may be listed or traded at the time of such delivery. Nothing contained herein shall be construed to preclude the Corporation or Holdings the Company from satisfying their obligations in respect of the exchange of the Holdings Company Units by delivery of Class A Common Stock which are unregistered under the Securities Act or held in the treasury of the Corporation or Holdings the Company or any of their subsidiaries. Nothing herein shall be construed as a requirement for the Corporation or the Company to settle the exchange for cash. The Corporation shall not be required to comply with this Section 2.3(a) in an Exchange in connection with a Change of Control.

Appears in 2 contracts

Samples: Exchange Agreement (Pennymac Financial Services, Inc.), Exchange Agreement (Pennymac Financial Services, Inc.)

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