Common use of Rights of the Holder Clause in Contracts

Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no provision hereof, in the absence of affirmative action by the Holder to exercise this Warrant, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the holder for the purchase price of any warrant shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 29 contracts

Samples: Security Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc), Loan Agreement (Better Biodiesel, Inc)

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Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no provision hereof, in the absence of affirmative action by the Holder to exercise this Warrant, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the holder Holder for the purchase price of any warrant shares Warrant Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 10 contracts

Samples: Convertible Note and Warrant Purchase Agreement (Eco2 Plastics Inc), Security Agreement (Eco2 Plastics Inc), Sonus Communication Holdings Inc

Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no No provision hereof, in the absence of affirmative action by the Holder to exercise this Warrant, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the holder Holder for the purchase price of any warrant shares Warrant Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 4 contracts

Samples: Shareholders' Agreement (Sonus Communication Holdings Inc), Sonus Communication Holdings Inc, Sonus Communication Holdings Inc

Rights of the Holder. No provision This Warrant shall not entitle the Holder to any rights of a stockholder in the Company, either at law or in equity, unless and until exercise of this Warrant shall be construed as conferring upon the Holder the right to vote, consent, receive dividends or receive notice other than as expressly provided hereinhas occurred. Prior to exercise, no provision hereofNo provisions of this Warrant, in the absence of affirmative action by the Holder to exercise this Warrant, and no mere enumeration herein of the rights or privileges of the such Holder, shall give rise to any liability of the holder such Holder for the purchase price of any warrant shares Exercise Price or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Companyits creditors.

Appears in 1 contract

Samples: Endorex Corp

Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder Holders the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no No provision hereof, in the absence of affirmative action by the Holder Holders to exercise this Warrant, and no enumeration herein of the rights or privileges of the any such Holder, shall give rise to any liability of the holder Holder for the purchase price of any warrant shares Warrant Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company. 12.

Appears in 1 contract

Samples: Continental Fuels, Inc.

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Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder Holders the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no No provision hereof, in the absence of affirmative action by the Holder Holders to exercise this Warrant, and no enumeration herein of the rights or privileges of the any such Holder, shall give rise to any liability of the holder Holder for the purchase price of any warrant shares Warrant Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company. 11.

Appears in 1 contract

Samples: Continental Fuels, Inc.

Rights of the Holder. No provision of this Warrant shall be construed as conferring upon the Holder holder the right to vote, consent, receive dividends or receive notice other than as expressly provided herein. Prior to exercise, no provision hereof, in the absence of affirmative action by the Holder holder to exercise this Warrant, and no enumeration herein of the rights or privileges of the Holderholder, shall give rise to any liability of the holder for the purchase price of any warrant shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 1 contract

Samples: Sonus Communication Holdings Inc

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