No Approval Required. No approval of the Company’s Board shall be required to convert any of the Preferred Shares or exercise any of the Warrants; provided, however, any such conversion or exercise shall be made in compliance with the Beneficial Ownership Limitation and with applicable law including any regulatory notices or approvals.
Appears in 6 contracts
Samples: Purchase Agreement (Supertel Hospitality Inc), Supertel Hospitality Inc, Supertel Hospitality Inc