MFN Clause Sample Clauses

MFN Clause. The Company undertakes to the Purchaser that in the event any Group Company grants, issues, or provides any investor or any other holders of the Equity Securities of the Group Companies (the “Relevant Person”) any right, interest, benefit, privilege or protection, including but not limited to liquidation preference and redemption rights, more favorable in sequence than those granted, and accruing at such time, to the Purchaser, the Purchaser shall have the right to require that the Company concurrently grants, issues, or provides the rights, interests, benefits, privileges and/or protections in the same sequence to the Purchaser pari passu with such Relevant Person. However, the Purchaser shall not be entitled to the MFN rights under this Section 5.15 if: (i) any future single investor whose investment amount is higher than the Purchaser’s investment; or (ii) no more than two future leading investors whose aggregate investment amount is higher than 1.5 times of the Purchaser’s investment. For the avoidance of doubt, any investor making investment via various entities, which are Controlled by the same Person, shall be deemed as a single investor. Where the Company breaches its undertakings under this Section 5.15 and, therefore, fails to fulfil its obligations under this Section 5.15, the Company shall compensate the Purchaser at an amount equal to the balance between the economic benefit the Purchaser could have obtained, if the Purchaser had been granted the rights, interests, benefits, privileges and/or protections in the same sequence pari passu with such Relevant Person and the economic benefit the Purchaser obtains as the holder of Series F-1 Preferred Shares.
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MFN Clause. The Founders shall not enter into an operating ---------- agreement with respect to an Affiliated LLC or Zhone Investors FF, L.L.C. except on such terms as are identical to this Agreement in all material respects or as approved by the Class A Member, which approval shall not be unreasonably withheld. All of the Members of Zhone Investors, L.L.C., a Delaware limited liability company, have executed this Agreement, effective as of ___________________. Class A Member Class B Members By:_____________________________________ By:_______________________________ By:_______________________________ By:_______________________________ EXHIBIT A CLASS A MEMBER -------------- -------------------------------------------------------------------------------- Capital Series A Preferred Contribution Name Address Units Commitment for Series A Preferred Units -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- EXHIBIT B CLASS B MEMBERS --------------- -------------------------------------------------------------------------------- Shares of Zhone Series B Common Common Stock Name Address Units Contributed -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- EXHIBIT C FORM OF STOCK PURCHASE AGREEMENT -------------------------------- EXHIBIT D FORM OF AGREEMENT FOR REPURCHASE OPTION --------------------------------------- EXHIBIT E
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MFN Clause. 16 i. The Parties’ Arguments
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MFN Clause. 1. The Parties reaffirm their commitment with regard to the enabling clause.
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Related to MFN Clause

  • Xxxxxxx Clause 3.10 The Business Manager of the Union shall have the right to appoint a Xxxxxxx at any shop or job or on any crew where workers are employed under the terms of this Agreement. The Employer shall not make transfer of any Xxxxxxx from the shop or job or crew to which he was appointed to another shop or job or crew without first having notified the Business Manager of the Union of his/her desire to make such transfer and having secured Union's approval of the transfer proposed. Such Xxxxxxx shall see that this Agreement and Working and Safety Rules are observed and he shall be allowed sufficient time and be furnished necessary transportation to perform these duties during regular working hours. Under no circumstances shall the Employer dismiss, or otherwise discriminate against, an employee for making a complaint or giving evidence with respect to an alleged violation of any provision of the Agreement. The Xxxxxxx shall be included in all overtime at his/her headquarters whenever feasible. The Business Manager shall remove from his/her duties any Xxxxxxx at any time he considers the best interest of the Local Union will be served thereby and shall notify the Employer immediately of such removal. Among the duties of the Xxxxxxx are to:

  • WAIVER CLAUSE The parties acknowledge that during negotiations which resulted in this Agreement each had the unlimited right and opportunity to make demands and proposals with respect to any subject or matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in this Agreement. Therefore, the Board and the Union for the life of this Agreement each voluntarily and unqualifiedly waives the right, and agrees that the other shall not be obliged to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, unless mutually agreed, even though such subject or matter may not have been within the knowledge or contemplation of either or both parties at the time that they negotiated or signed this Agreement.

  • ZIPPER CLAUSE 292. This Agreement sets forth the full and entire understanding of the parties regarding the matters herein. This Agreement may be modified, but only in writing, upon the mutual consent of the parties, except as otherwise provided herein.

  • DURATION CLAUSE A. This Agreement shall govern the rights of the Board and the Association from July 1, 2021, through June 30, 2022. This Agreement shall not be extended orally and it is expressly understood that it shall expire on the date indicated.

  • Fall Clause 7.1 The BIDDER undertakes that it has not supplied/is not supplying similar product/systems or subsystems at a price lower than that offered in the present bid in respect of any other Ministry/Department of the Government of India or PSU and if it is found at any stage that similar product/systems or sub systems was supplied by the BIDDER to any other Ministry/Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded.

  • TERMINATION CLAUSE In the event Contractor fails to carry out or comply with any of the terms and conditions of this Agreement, Hastings reserves the right to demand correction of any breach or default within ten (10) calendar days of notice to Contractor. In the event Contractor fails to correct the failure or default within the specified ten (10) day period, Hastings may terminate the Agreement without additional notice. Failure to terminate this Agreement is not to be deemed a waiver of the breach or default. Upon termination, Hastings shall compensate Contractor for Work rendered within thirty (30) days of termination of this Agreement.

  • BREAK CLAUSE IF YOU HAVE OPTED FOR A FIXED TERM CONTRACT YOU WILL NOT HAVE THE DETAILS OF A BREAK CLAUSE NOTED IN YOUR PARTICULARS.

  • RECOGNITION CLAUSE The Employer agrees to recognize the Union as the exclusive bargaining agent for all employees in the bargaining units as so certified by the Public Employment Relations Commission (PERC) for the purpose of establishing wages, hours and conditions of employment. If PERC certifies the Union as the exclusive representative during the term of this Agreement for a bargaining unit in general government, the terms of this Agreement apply.

  • CERTIFICATION CLAUSES The CONTRACTOR CERTIFICATION CLAUSES contained in the document CCC 04/2017 are hereby incorporated by reference and made a part of this Agreement by this reference as if attached hereto.

  • Sunset Clause The provisions of this Section expires automatically on the expiration date of this Agreement.

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