Common use of Covenant Clause in Contracts

Covenant. Each Person with the right to designate or participate in the designation of a director pursuant to this Agreement hereby agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to such Person or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable.

Appears in 28 contracts

Samples: Voting Agreement (Prosper Marketplace Inc), Voting Agreement (Prosper Marketplace Inc), Adoption Agreement (Denim LA, Inc.)

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Covenant. Each Person with the right to designate or participate in the designation of a director pursuant to this Agreement hereby agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to such Person or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable, and shall as promptly as practicable take such actions as are necessary to remove such Person’s designee from the Board and designate a director who is not subject to a Disqualification Event.

Appears in 2 contracts

Samples: Voting Agreement (Mode Mobile, Inc.), Voting Agreement (Mode Mobile, Inc.)

Covenant. Each Person person with the right to designate or participate in the designation of a director pursuant to this Agreement hereby agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to such Person person or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable.

Appears in 2 contracts

Samples: Voting Agreement (Visterra, Inc.), Voting Agreement (Visterra, Inc.)

Covenant. Each Person Stockholder with the right to designate or participate in the designation of a director pursuant to this Agreement hereby agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to such Person or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable.

Appears in 1 contract

Samples: General Release and Separation Agreement (Syndax Pharmaceuticals Inc)

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Covenant. Each Person Member with the right to designate or participate in the designation of a director pursuant to this Agreement hereby agrees that it shall notify the Company promptly in writing in the event a Disqualification Event becomes applicable to such Person Member or any of its Rule 506(d) Related Parties, except, if applicable, for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable.

Appears in 1 contract

Samples: License Agreement (Viamet Pharmaceuticals Holdings LLC)

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