Blocking Rights. Subject to Section 2.4, the Company shall not take, and no Stockholder shall cause the Company to take, any of the following actions if prior to the time such action is taken, Institutional Stockholders holding in the aggregate 30% of the outstanding Common Stock Equivalents shall have voted against such action either by written consent or at a meeting held for the purpose of voting on such action:
Blocking Rights. (a) Neither party (nor any Affiliate or Third Party licensee of Gen-Probe) shall have the right to commence development of (and subsequently commercialize) any Nonexclusive Future Clinical Diagnostic Assay to be conducted by the Clinical Diagnostic Instruments for use in the Clinical Diagnostic Field which is directed to the same virus or marker for the same primary clinical indication as a Nonexclusive Future Clinical Diagnostic Assay which is then being sold by the other party; and Gen-Probe shall not grant any further licenses to any Affiliate or Third Party under the Gen-Probe IP Rights to develop or commercialize a Nonexclusive Future Clinical Diagnostic Assay to be conducted by the Clinical Diagnostic Instruments for use in the Clinical Diagnostic Field directed to such virus or marker for the same primary clinical indication.
Blocking Rights. (a) In addition to any other rights provided by law, the Company shall not, and shall not permit any subsidiary (a "Subsidiary") to, without ---------- first obtaining the affirmative vote or written consent of the Series B Investors that own a majority of the outstanding shares of Series B Preferred Stock:
Blocking Rights. Prior to an Initial Public Equity Offering, so long as any Purchaser (including any of its Affiliates) beneficially owns, in the aggregate, 50% or more of the Shares purchased by such Purchaser (including its Affiliates) on the date hereof pursuant to the Purchase Agreement (a "MAJORITY HOLDER"), then the Issuer shall not, and shall not cause or permit any of its Subsidiaries to, without the prior written consent of each such Majority Holder, (i) issue any of its Capital Stock (x) without giving each Majority Holder not less than ten Business Days prior written notice of such proposed issuance and providing each Holder with a determination of the Fair Market Value of the Capital Stock proposed to be issued or (y) at a price that is less than the Fair Market Value of such Capital Stock (other than (A) not more than 16,000,000 shares of Capital Stock pursuant to the exercise of existing stock options issued to employees, management and directors, and (B) stock options, and the shares of Capital Stock issuable pursuant to the exercise of such stock options, granted to employees, management and directors after the date hereof; PROVIDED,that the aggregate number of shares issued pursuant to such additional stock options shall not, in any fiscal year of the Issuer, exceed the sum of (1) 0.75% of the total number of shares of Capital Stock outstanding on the first day of such fiscal year, PLUS (2) the number of shares which would have been issuable in such fiscal year pursuant to stock options referred to in item (A) of this parenthetical which have theretofore been canceled); PROVIDED, that unless any Majority Holder shall object to such determination within 10 Business Days after receipt of notice thereof, such determination of Fair Market Value may be made by the Issuer's Board of Directors rather than by an Independent Financial Expert (as provided in the definition of such term) and PROVIDED, FURTHER, that, notwithstanding the foregoing, the Issuer shall not issue any shares of Preferred Stock after the date hereof; or (ii) directly or indirectly, conduct any business or enter into or suffer to exist any transaction or series of related transactions (including, without limitation, the sale, purchase, exchange or lease of assets, property or services) with, or for the benefit of, any Affiliate of the Issuer or of a Subsidiary (other than the Issuer or a wholly owned subsidiary of the Issuer) or any beneficial holder of 10% or more of any class of Capital Stoc...
Blocking Rights. If there is a situation where your Services are blocked (including blocking of your IP address), you agree not to overstep such blocking by any way (e.g. by use of proxy IP address or masking your IP address). Any transaction relating to illegal products or services is not allowed under the use of our Services. The Company reserves the right to suspend your Account temporarily or permanently or restrict your use if your action are violative of Section VIII.
Blocking Rights. Blocking rights are rights given to a class of shareholders that allow that class to block or veto actions of the respective corporation or company.
Blocking Rights
