Common use of Purchases of Common Stock Clause in Contracts

Purchases of Common Stock. Except for the acquisition of shares of Common Stock pursuant to the Acquisition Agreement, subject to the exceptions set forth in Section 3.03, during the Standstill Period, BMS and the Equity Holding Entity shall not, and BMS shall not permit its Affiliates to, directly or indirectly, acquire or make a proposal to acquire beneficial ownership of any shares of Common Stock from the Company or any other person or entity.

Appears in 2 contracts

Sources: Stockholder Agreement (Bristol Myers Squibb Co), Stockholder Agreement (Imclone Systems Inc/De)