Common use of No Adverse Action Clause in Contracts

No Adverse Action. The Company and its subsidiaries shall refrain, ----------------- while any Series B-2 Preferred Stock is outstanding, from taking any action or entering into any arrangement which in any way adversely affects the rights, privileges or benefits available to a holder of Preferred Stock pursuant to the terms of the Series B-2 Articles of Amendment.

Appears in 3 contracts

Samples: Exchange Agreement (Webb Interactive Services Inc), Exchange Agreement (Webb Interactive Services Inc), Exchange Agreement (Webb Interactive Services Inc)

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No Adverse Action. The Company and its subsidiaries shall refrain, ----------------- while any Series B-2 Preferred Stock is ----------------- Shares are outstanding, from taking any action or entering into any arrangement which that in any way adversely affects the rights, privileges or benefits available to a holder of Preferred Stock pursuant to the terms of the Series B-2 Articles of AmendmentB Preferred Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Webb Interactive Services Inc)

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