Common use of No Additional Securities Clause in Contracts

No Additional Securities. The Borrower will not, and will not permit the Guarantors or any Associate of any of the Obligors, either individually or jointly or in concert with any other Person to acquire, or to become a part of a group which shall acquire or own, any securities of the Corporation (or securities convertible into or exchangeable or exercisable for securities of the Corporation) other than the Acquired Shares and options to purchase Common Shares acquired by the Borrower from the Corporation in the ordinary course and on a basis consistent with prior practice and Common Shares issued upon the exercise of any existing or future stock options held by the Borrower from time to time; provided that neither the acquisition of such options nor the issue of Common Shares upon the exercise of any existing or future stock options would result in a Default or Event of Default; and further provided, that the Borrower shall not exercise any such stock options unless prior thereto there shall have been delivered to the Lender a legal opinion of counsel acceptable to the Lender similar to the legal opinion to be delivered on the Closing Date as to the matter referred to in clause 6 of Schedule G taking into consideration the issue of Common Shares issuable upon such exercise; and further provided that any Common Shares issued upon the exercise of any of the Specified Options shall be forthwith delivered to the Lender in accordance with Section 10.3 accompanied by stock powers of attorney duly executed in blank with signatures guaranteed in a manner acceptable to the Lender to be held by it as part of the Collateral.

No Additional Securities. The Borrower will not, and will not permit the Guarantors or any Associate of any of the Obligors, either individually or jointly or in concert with any other Person to acquire, or to become a part of a group which shall acquire or own, any securities of the Corporation (or securities convertible into or exchangeable or exercisable for securities of the Corporation) other than the Acquired Pledged Shares and options to purchase Common Shares acquired by the Borrower from the Corporation in the ordinary course and on a basis consistent with prior practice and Common Shares issued upon the exercise of any existing or future stock options held by the Borrower from time to time; provided that neither the acquisition of such options nor the issue of Common Shares upon the exercise of any existing or future stock options would result in a Default or Event of Default; and further provided, that the Borrower shall not exercise any such stock options unless prior thereto there shall have been delivered to the Lender a legal opinion of counsel acceptable to the Lender similar to the legal opinion to be delivered on the Closing Date as to the matter referred to in clause 6 of Schedule schedule G to the Original Credit Agreement taking into consideration the issue of Common Shares issuable upon such exercise; and further provided that any Common Shares issued upon the exercise of any of the Specified Options shall be forthwith delivered to the Lender in accordance with Section 10.3 accompanied by stock powers of attorney duly executed in blank with signatures guaranteed in a manner acceptable to the Lender to be held by it as part of the Collateral.