Common use of Restriction and Limitations Clause in Contracts

Restriction and Limitations. Except as required by law so long as any shares of Series A Convertible Preferred Stock remain outstanding, the Corporation shall not, without the written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible Preferred Stock.

Appears in 4 contracts

Samples: Registration Rights Agreement (Talos Energy Inc.), Registration Rights Agreement (Talos Energy Inc.), Registration Rights Agreement (Talos Energy Inc.)

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Restriction and Limitations. Except as expressly provided herein or as required by law law, so long as any shares of Series A Convertible Preferred Stock Shares remain outstanding, the Corporation shall not, without the vote or written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible Preferred StockRequired Holders, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible D Preferred Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Truli Technologies, Inc.), Exchange Agreement (Truli Technologies, Inc.)

Restriction and Limitations. Except as expressly provided herein or as required by law so long as any shares of Series A Convertible C Preferred Stock remain outstanding, the Corporation shall not, without the vote or written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible C Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible C Preferred Stock.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Spiral Energy Tech., Inc.)

Restriction and Limitations. Except as expressly provided herein or as required by law so long as any shares of Series A Convertible __ Preferred Stock remain outstanding, the Corporation shall not, without the vote or written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible __ Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible __ Preferred Stock.

Appears in 1 contract

Samples: Capital Markets and Advisory Agreement (Intellicell Biosciences, Inc.)

Restriction and Limitations. Except as expressly provided herein or as required by law law, so long as any shares of Series A Convertible Preferred Stock remain outstanding, the Corporation shall not, without the vote or written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible Preferred Stock.

Appears in 1 contract

Samples: Share Purchase Agreement (BTCS Inc.)

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Restriction and Limitations. Except as required by law so long as any shares of Series A Convertible Preferred Stock remain outstanding, the Corporation shall not, without the written consent of the holders of at least a majority two-thirds (2/3) of the then outstanding shares of the Series A Convertible Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible Preferred Stock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Lexicon Pharmaceuticals, Inc.)

Restriction and Limitations. Except as expressly provided herein or as required by law so long as any shares of Series A Convertible Preferred Stock remain outstanding, the Corporation shall not, without the vote or written consent of the holders of at least a majority of the then outstanding shares of the Series A Convertible Preferred Stock, take any action which would adversely and materially affect any of the preferences, limitations or relative rights of the holders of Series A Convertible Preferred Stock.

Appears in 1 contract

Samples: Share Exchange Agreement (Discovery Gold Corp)

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