Absence of Certain Other Rights Clause Samples
The "Absence of Certain Other Rights" clause serves to clarify that, except for the rights explicitly granted within the agreement, no additional rights or privileges are conferred to either party. In practice, this means that if a right or benefit is not specifically mentioned in the contract, the parties cannot assume its existence or enforce it later. For example, if intellectual property rights or usage permissions are not expressly provided, they remain with the original holder. This clause ensures that the scope of the agreement is clearly defined and prevents misunderstandings or disputes over unmentioned or implied rights.
Absence of Certain Other Rights. Other than pursuant to Section 4.6 or to the terms of any Share Designation, holders of Common Shares shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no pre-emptive rights to subscribe for any securities of the Company and no preferential rights to distributions.
Absence of Certain Other Rights. Holders of Units shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no pre-emptive rights to subscribe for any securities of the Company and no preferential rights to distributions.
Absence of Certain Other Rights. Other than pursuant to Section 4.7 or to the terms of any Unit Designation, holders of Common Units shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no pre-emptive rights to subscribe for any securities of the Company and no preferential rights to distributions.
Absence of Certain Other Rights. Other than pursuant to Section 4.6 or to the terms of any Bit Designation, holders of Common Bits shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no pre-emptive rights to subscribe for any securities of the Company and no preferential rights to distributions.
Absence of Certain Other Rights. Holders of Series A-1 Common Shares shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no pre-emptive rights to subscribe for any securities of the Company and no preferential rights to distributions of the A-1 Series.
