Common use of Acquisition of Additional Voting Securities Clause in Contracts

Acquisition of Additional Voting Securities. Each member of the HMTF Group hereby covenants and agrees that prior to the termination of this Stockholders Agreement, such member will not, directly or indirectly (through controlled Affiliates or otherwise), purchase or cause to be purchased or otherwise acquire (other than (i) pursuant to a stock split, stock dividend, recapitalization, reorganization or similar Company action applicable to all Company stockholders holding the security in respect of which such action is taken or (ii) from another member of the HMTF Group in accordance with the terms hereof) or make any proposal to or agree to acquire, or become or agree to become the Beneficial Owner of, any Voting Securities in addition to the Common Stock such Person owns on the date hereof.

Appears in 3 contracts

Sources: Post Merger Stockholders Agreement (Specialty Teleconstructors Inc), Post Merger Stockholders Agreement (Hicks Thomas O), Post Merger Stockholders Agreement (Carpenter Tommie R)