Common use of Amendment and Restatement of Prior Agreement Clause in Contracts

Amendment and Restatement of Prior Agreement. The Prior Agreement is hereby amended in its entirety and restated herein. Such amendment and restatement is effective upon the execution of this Agreement by the Company, the holders of at least two-thirds (2/3) of the outstanding Common Stock as of the date of this Agreement held by the Common Holders providing services to the Company as an officer, employee or consultant, and the holders of at least a majority of the outstanding Preferred Stock as of the date of this Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect.

Appears in 3 contracts

Samples: Stock Sale Agreement (Alimera Sciences Inc), Stock Sale Agreement (Alimera Sciences Inc), Stock Sale Agreement (Alimera Sciences Inc)

AutoNDA by SimpleDocs

Amendment and Restatement of Prior Agreement. The Prior Agreement is hereby amended and superseded in its entirety and restated herein. Such amendment and restatement is effective upon the execution of this Agreement by the Company, the holders of Company and by Stockholders holding at least twoseventy-thirds five percent (2/375%) of the shares of Preferred Stock outstanding Common Stock as of the date of this Agreement held by the Common Holders providing services to the Company hereof, voting together as a single class on an officer, employee or consultant, and the holders of at least a majority of the outstanding Preferred Stock as of the date of this Agreementas-converted basis. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or to effect.

Appears in 2 contracts

Samples: Registration Rights Agreement (Accolade, Inc.), Registration Rights Agreement (Accolade, Inc.)

AutoNDA by SimpleDocs

Amendment and Restatement of Prior Agreement. The Prior Agreement is hereby amended in its entirety and restated herein. Such amendment and restatement is effective upon the execution of this Agreement by (i) the Company, the holders of at least two-thirds (2/3ii) of the outstanding Common Stock as of the date of this Agreement held by the Common Holders providing services to the Company as an officer, employee or consultant, and the holders of at least a majority of the Registrable Securities (as defined in the Prior Agreement) outstanding as of the date of this Agreement, and (iii) the holders of at least a majority of the Series D’ Preferred Stock outstanding as of the date of this Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Danger Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!