Common use of Rights of Purchasers Clause in Contracts

Rights of Purchasers. Except as provided in another written document executed by such holder, each holder of Preferred Shares (or Common Stock issued upon conversion thereof) shall have the absolute right to exercise or refrain from exercising any right or rights that such holder may have by reason of this Agreement or ownership of any Preferred Shares, including without limitation the right to consent to the waiver of any obligation of the Company under this Agreement and to enter into an agreement with the Company for the purpose of modifying this Agreement or any agreement effecting any such modification, and such holder shall not incur any liability to any other holder or holders of Preferred Shares with respect to exercising or refraining from exercising any such right or rights.

Appears in 3 contracts

Samples: Stock Purchase Agreement (N2k Inc), Stock Purchase Agreement (N2k Inc), Stock Purchase Agreement (N2k Inc)

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Rights of Purchasers. Except as provided in another written document executed by such holder, each holder of Preferred Shares (or Common Stock issued upon conversion thereof) shall have the absolute right to exercise or refrain from exercising any right or rights that such holder may have by reason of this Agreement or ownership of any Preferred Shares, including including, without limitation limitation, the right to consent to the waiver of any obligation of the Company under this Agreement and to enter into an agreement with the Company for the purpose of modifying this Agreement or any agreement effecting any such modification, and such holder shall not incur any liability to any other holder or holders of Preferred Shares with respect to exercising or refraining from exercising any such right or rights.

Appears in 1 contract

Samples: Stock Purchase Agreement (N2k Inc)

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