Common use of Class A Preferred Shares Clause in Contracts

Class A Preferred Shares. The Purchaser and the Parent covenant and agree that on or before Closing, they shall obtain all necessary approvals and take all such necessary steps as may be required to amend the Purchaser's Articles of Incorporation to create the Class A Preferred Shares containing the provisions described in paragraph 1.1(d) of this Agreement and otherwise consistent with the provisions of this Agreement.