Waiver of Rights of Equity Holders Sample Clauses

Waiver of Rights of Equity Holders. Following distribution of the Parent Shares, none of the Current Interest Holders shall be entitled to any further distributions or payments from the Registrant or the Parent pursuant to the Operating Agreement or the MIU Plan with respect to the Registrant or its assets or operations; provided, however, that nothing in this Agreement shall affect the interests, rights and obligations of the Current Interest Holders pursuant to the Operating Agreement with respect to the Parent’s remaining assets and operations following the Offering. Except as provided in Section 3.7 of this Agreement, nothing set forth in this Section 3.8 shall limit or otherwise affect the rights of the Current Interest Holders to any distributions declared by the Board of Directors with respect to Common Stock or such other rights as a holder of Common Stock received as a result of the application of the provisions of Article III of this Agreement.
Sample 1
AutoNDA by SimpleDocs
Waiver of Rights of Equity Holders. Following receipt of the Units as provided in Section 3.4 and the payment of the redemption amounts as provided in Article 4, (i) none of the Existing Members shall be entitled to any further distributions or payments from Linn Energy nor any further exercise of rights as unitholders in Linn Energy with respect to the Current Interests and (ii) each Existing Member shall forfeit, cancel and relinquish any and all claims and entitlements to its Current Interest. Nothing set forth in this Section 3.5 shall preclude the Existing Members from any rights to any distributions declared by the Board of Directors of Linn Energy with respect to Units or other rights as a holder of Units received as a result of the application of the provisions of this Article 3.
Sample 1
Waiver of Rights of Equity Holders. Upon receipt of the Common Units and the Subordinated Units by any of the Existing Investors pursuant to the provisions of Section 3.04, (i) none of the Existing Investors shall be entitled to any further distributions or payments from Copano Energy nor any further exercise of rights as unitholders or warrant holders in Copano Energy with respect to the Existing Common Units, Common Special Units, Warrants, Junior Units or Junior Special Units and (ii) each Existing Investor shall forfeit, cancel and relinquish any and all claims and entitlements to the Existing Common Units, Common Special Units, Warrants, Junior Units or Junior Special Units. Nothing set forth in this Section 3.06 shall preclude the Existing Investors from any rights to any distributions declared by the Board of Directors of Copano Energy with respect to Common Units and Subordinated Units or other rights as a holder of Common Units and Subordinated Units received as a result of the application of the provisions of this Article III.
Sample 1

Related to Waiver of Rights of Equity Holders

  • Waiver of Rights No delay or omission by the Company in exercising any right under this Agreement will operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion.

  • Non-Waiver of Rights The failure to enforce at any time the provisions of this Agreement or to require at any time performance by the other party hereto of any of the provisions hereof shall in no way be construed to be a waiver of such provisions or to affect either the validity of this Agreement or any part hereof, or the right of either party hereto to enforce each and every provision in accordance with its terms. No waiver by either party hereto of any breach by the other party hereto of any provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions at that time or at any prior or subsequent time.

  • Termination and Waiver of Rights of First Refusal The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the effective date of the registration statement pertaining to the Company’s Initial Offering or (ii) an Acquisition. Notwithstanding Section 5.5 hereof, the rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Major Investors holding a majority of the Registrable Securities held by all Major Investors, or as permitted by Section 5.5.

  • Limitation of Rights of Holders Except as set forth in Section 9.2, the death, bankruptcy, termination, dissolution or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor annul, dissolve or terminate the Trust nor entitle the legal representatives or heirs of such Person or any Holder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

  • Certain Rights of Rights Agent The Rights Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations will be read into this Agreement against the Rights Agent. In addition:

  • Agreement of Right Holders Every holder of a Right, by accepting the same, consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

  • Release of Claims and Waiver of Rights Executive, on Executive’s own behalf and that of Executive’s heirs, executors, attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents, subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable to the employees and former employees of the Company, both in their official and individual capacities (the “Releasees”) from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or unknown, as of or prior to Executive’s execution of this Agreement (the “Release”), including liability claims, demands, and actions:

  • Agreement of Rights Holders Every holder of a Right by accepting the same consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

  • Disclaimer of Rights No provision in this Option Agreement shall be construed to confer upon the Optionee the right to be employed by the Corporation or any subsidiary, or to interfere in any way with the right and authority of the Corporation or any subsidiary either to increase or decrease the compensation of the Optionee at any time, or to terminate any employment or other relationship between the Optionee and the Corporation or any subsidiary.

  • Limitation of Liability; Not Stockholders No provision of this Warrant shall be construed as conferring upon the holder hereof the right to vote, consent, receive dividends or receive notices (other than as herein expressly provided) in respect of meetings of stockholders for the election of directors of the Company or any other matter whatsoever as a stockholder of the Company. No provision hereof, in the absence of affirmative action by the holder hereof to purchase shares of Common Stock, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give rise to any liability of such holder for the purchase price of any shares of Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

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