Common use of Standstill Restrictions Clause in Contracts

Standstill Restrictions. From the date of this Agreement and until the date on which Parent beneficially owns a number of shares of Common Stock that constitutes less than 5% of the outstanding Common Stock (the “Standstill Period”), Holdings shall not, and shall cause all of its respective Subsidiaries and Affiliates not to, directly or indirectly through another Person, unless expressly invited in a writing with the approval of the Board (provided, that the Holding Board Members shall not participate in such decision):

Appears in 6 contracts

Samples: Shareholders Agreement, Shareholders Agreement (Sapphire Holding S.a r.l.), Shareholders Agreement (WillScot Mobile Mini Holdings Corp.)

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Standstill Restrictions. From the date of this Agreement and until the date on which Parent ceases to beneficially owns own a number of shares of Common Stock that constitutes less than 5% of the outstanding Common Stock (the “Standstill Period”), Holdings shall not, and shall cause all of its respective Subsidiaries and Affiliates not to, directly or indirectly through another Person, unless expressly invited in a writing with the approval of the Board (provided, that the Holding Board Members shall not participate in such decision):).

Appears in 1 contract

Samples: Shareholders Agreement (WillScot Corp)

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