Example ContractsClausesinsufficient sharesIdentical
Insufficient Shares
Insufficient Shares contract clause examples

Parent Shares. From the date hereof until the earlier of the Termination Date and the Effective Time, the Holder shall not # purchase, acquire Beneficial Ownership of, offer, pledge, sell, contract to purchase or sell, grant or acquire any option, right or warrant to purchase, give, assign, hypothecate, pledge, encumber, grant or acquire a security interest in, sell or purchase any option or contract to purchase or any option or contract to sell, grant or acquire any option, right or warrant to purchase, lend or otherwise acquire, transfer or dispose of (including through any hedging, derivative or other similar transaction) any economic, voting or other rights in or to shares of Parent Common Stock, or otherwise acquire, transfer or dispose of shares of Parent Common Stock, directly or indirectly, or # enter into any swap or other agreement that transfers or results in the acquisition of, in whole or in part, any of the economic consequences of ownership of shares of Parent Common Stock (any such transaction described in [clause (a) or (b) above], a “Parent Share Transfer”). Notwithstanding the foregoing, the restrictions set forth in this Section ‎4.2 shall not apply to any Parent Share Transfer to or with one or more Affiliates of the Holder # who is a party to an agreement with Parent with substantially similar terms as this Section ‎4.2 or # if, as a condition to such Parent Share Transfer, the counterparty agrees in writing to be bound by this [Section 4.2] and delivers a copy of such executed written agreement to Parent prior to the consummation of such Parent Share Transfer. Nothing herein prohibits Holder or any Affiliate of the Holder from taking any of the actions in this [Section 4.2] to the extent such activities are in the ordinary course of such Person’s business consistent with past practice, are not related to Holder’s Beneficial Ownership in the Company or the Mergers, including where Parent Common Stock is a component of any exchange-traded fund (ETF) or similar vehicle, and are not undertaken for the purpose of affecting in any manner the trading price of shares of Parent Common Stock.

PATTERSON UTI ENERGY INC (PTEN) (CIK 0000889900)
Source: SEC EDGAR database • Date: July 6, 2021 • SIC: 1381 • CIK: 1381

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.