ADDITIONAL SHAREHOLDER. Notwithstanding anything to the contrary contained herein, in connection with the issuance by the Company of additional shares of Common Stock (including shares of Common Stock issuable upon the conversion, exercise or exchange of securities issued by the Company), the Company, with the approval of the Board of Directors, including at least one Non-GOF Board Member, and the written consent of GOF, may grant to any purchaser of such shares of Common Stock (or such shares of Common Stock issuable upon the conversion, exercise or exchange of securities) rights equivalent to those granted to the Initial Shareholders pursuant to Article II and Article III. Upon execution and delivery by such purchaser of an additional counterpart signature page to this Agreement, such Common Stock shall be deemed "Initial Common Stock" hereunder, and such purchaser shall be deemed an "Initial Shareholder" hereunder.
Appears in 2 contracts
Sources: Shareholders Agreement (Polymer Group Inc), Shareholders Agreement (Polymer Group Inc)
ADDITIONAL SHAREHOLDER. Notwithstanding anything to the contrary contained herein, in connection with the issuance by the Company of additional shares of Common Stock (including shares of Common Stock issuable upon the conversion, exercise or exchange of securities issued by the Company), the Company, with the approval of the Board of Directors, including at least one Non-GOF YYY Board Member, and the written consent of GOFYYY, may grant to any purchaser of such shares of Common Stock (or such shares of Common Stock issuable upon the conversion, exercise or exchange of securities) rights equivalent to those granted to the Initial Shareholders pursuant to Article II and Article III. Upon execution and delivery by such purchaser of an additional counterpart signature page to this Agreement, such Common Stock shall be deemed "Initial Common Stock" hereunder, and such purchaser shall be deemed an "Initial Shareholder" hereunder.
Appears in 1 contract
Sources: Shareholder Agreement