Common use of Assignment of Rights of Information Clause in Contracts

Assignment of Rights of Information. The rights granted pursuant ----------------------------------- to subsection 2.1 may be assigned by each Qualified Holder upon sale or transfer by such Holder of a number of Preferred Shares and Conversion Shares which together equal at least ten percent (10%) of the outstanding Preferred Shares and Conversion Shares. Notwithstanding anything else in this subsection 2.3, rights may not be assigned to a transferee which the Company reasonably believes is a competitor or intends to become a competitor of the Company and provided further that any transferee shall agree to become subject to the obligations of the transferring party hereunder.

Appears in 3 contracts

Samples: Rights Agreement (Iprint Com Inc), Rights Agreement (Information Technology Ventures Lp/Ca), Rights Agreement (Iprint Com Inc)

AutoNDA by SimpleDocs

Assignment of Rights of Information. The rights granted pursuant ----------------------------------- to subsection 2.1 may be assigned by each Qualified Holder upon sale or transfer by such Holder of a number of Preferred Shares and Conversion Shares which together equal at least ten percent (10%) of the outstanding Preferred Shares and Conversion Shares. Notwithstanding anything else in this subsection 2.3, rights may not be assigned to a transferee which the Company reasonably believes is a competitor or intends to become a competitor of the Company and provided further that any transferee shall agree to become subject to the obligations of the transferring party hereunder.

Appears in 2 contracts

Samples: Rights Agreement (Canaan Equity L P), Rights Agreement (Iprint Com Inc)

AutoNDA by SimpleDocs

Assignment of Rights of Information. The rights granted pursuant to ----------------------------------- to subsection 2.1 subsections 2.1, 2.2, 2.3 and 2.4 may be assigned by each Qualified Preferred Holder upon sale or transfer by such Qualified Preferred Holder of a number of Preferred Shares and Conversion Shares which together equal at least ten percent (10%) that number and type of the outstanding Preferred Shares and Conversion shares that would constitute Qualifying Shares. Notwithstanding anything else in this subsection 2.32.6, rights may not be assigned to a transferee which the Company reasonably believes is a competitor or intends to become a competitor of the Company and provided further that any transferee shall agree to become subject to the obligations of the transferring party hereunder.

Appears in 1 contract

Samples: Rights Agreement (Extreme Networks Inc)

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