Common use of Consent Rights Clause in Contracts

Consent Rights. For so long as the Pre-IPO Owners collectively beneficially own at least 30% of the then outstanding shares of Common Stock and the Blackstone Parties are entitled to designate at least one Director pursuant to Section 2.1(a), the following actions shall require the prior consent of the Blackstone Parties delivered in accordance with Section 4.13, which consent may be withheld for any reason or no reason, in addition to the Board’s approval (or, as applicable, the approval of the requisite governing body of any Subsidiary of the Company, the approval of the board of managers of 313 Acquisition or any requisite statutory vote):

Appears in 4 contracts

Samples: Stockholders Agreement, Stockholders Agreement (Vivint Solar, Inc.), Stockholders Agreement (Vivint Solar, Inc.)

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