Common use of General Voting Rights Clause in Contracts

General Voting Rights. The holder of each share of Preferred Stock shall have the right to one vote for each share of Common Stock into which such share of Preferred Stock could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled, notwithstanding any provision hereof, to notice of any stockholders’ meeting in accordance with the bylaws of this Corporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Preferred Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 2 contracts

Samples: Confidential Treatment Requested (Vitae Pharmaceuticals, Inc), Confidential Treatment Requested (Vitae Pharmaceuticals, Inc)

AutoNDA by SimpleDocs

General Voting Rights. The holder of each share of Series A Preferred Stock shall have the right to one vote for each share of Common Stock into which such share of Series A Preferred Stock could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled, notwithstanding any provision hereof, to notice of any stockholders' meeting in accordance with the bylaws of this Corporationcorporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Series A Preferred Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 1 contract

Samples: Sale Agreement (Lets Talk Cellular & Wireless Inc)

AutoNDA by SimpleDocs

General Voting Rights. The holder of each share of Preferred Stock Preference Share shall have the right to one vote for each share of Common Stock Shares into which such share of Preferred Stock Preference Shares could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common StockShares, and shall be entitled, notwithstanding any provision hereof, to notice of any stockholdersmembers’ meeting in accordance with the bylaws Articles of this CorporationAssociation of the Company, and shall be entitled to vote, together with holders of Common StockShares, with respect to any question upon which holders of Common Stock Shares have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares Shares into which shares Shares of Preferred Stock Preference Shares held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 1 contract

Samples: Subscription Agreement (Redgate Media Group)

Time is Money Join Law Insider Premium to draft better contracts faster.