Common use of Additional Post Closing Covenants Clause in Contracts

Additional Post Closing Covenants. Parent and Merger Sub shall use their respective best endeavors to procure, as promptly as possible after Closing, that the certificate of incorporation of Parent be amended to amend the terms of each sub-series of Series G Preferred Stock and Series H Preferred Stock to provide that the issuance of the Series M Preferred Stock or the conversion of such shares into Common Stock shall not be deemed an issuance of "Additional Shares of Common Stock" or otherwise result in a change in the Conversion Price of such preferred stock as that term is defined in the respective Certificates of Designations, Preferences and Relative, Participating, Optional and Other Special Rights and Qualifications, Limitations and Restrictions (the "Carve-out Amendment").

Appears in 1 contract

Sources: Merger Agreement (Cogent Communications Group Inc)

Additional Post Closing Covenants. Parent and Merger Sub shall use their respective best endeavors to procure, as promptly as possible after Closing, that the certificate of incorporation of Parent be amended to amend the terms of each sub-series of Series G Preferred Stock and Series H Preferred Stock to provide that the issuance of the Series M Preferred Stock or the conversion of such shares into Common Stock shall not be deemed an issuance of "Additional Shares of Common Stock" or otherwise result in a change in the Conversion Price of such preferred stock as that term is defined in the respective Certificates of Designations, Preferences and Relative, Participating, Optional and Other Special Rights and Qualifications, Limitations and Restrictions (the "Carve-out Amendment").

Appears in 1 contract

Sources: Merger Agreement (Cogent Communications Group Inc)