Blocking Rights definition

Blocking Rights means the right to direct the depository bank to send all Remittances received in any such account directly to Owner or as Owner shall otherwise direct.
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Examples of Blocking Rights in a sentence

  • No Borrower shall issue any Stock that grants or provides any direct or indirect owner thereof any Shareholder Blocking Rights.

  • The reduction in the royalties paid to Polaschegg may be reduced by an additional [*]% of the aggregate amount paid by Company to third parties for Blocking Rights.

  • No Credit Party shall issue any Capital Stock which grants or provides any direct or indirect owner or equityholder thereof any Shareholder Blocking Rights.

  • No owner or holder of any equity or ownership interests in Borrower or any Subsidiary of Borrower has any Shareholder Blocking Rights.

  • No Credit Party shall issue or permit to be outstanding any Capital Stock which grants or provides any direct or indirect owner or holder thereof any Shareholder Blocking Rights.

  • No owner or holder of any Stock of any Loan Party has any Shareholder Blocking Rights.

  • In addition to the Key Blocking Rights above, the following actions shall not be taken in relation to the Company without the prior written approval of each of (i) Preferred Shareholders holding 50% or more of the Preferred Shares (determined on the basis as if all Shares would have been converted into Common Shares) voting separately as one class, and (ii) the Requisite New Investors (the Other Blocking Rights).

  • No Borrower shall issue any capital stock that grants or provides any direct or indirect owner thereof any Shareholder Blocking Rights.

  • No owner or holder of any Capital Stock in any Credit Party has any Shareholder Blocking Rights.

  • Issue any Stock which grants or provides any direct or indirect owner or equityholder thereof any Shareholder Blocking Rights.