Common use of Control by Acting Holders Clause in Contracts

Control by Acting Holders. Subject to the last sentence of Section 6.3, the Acting Holders shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Holders under this Agreement, or exercising any power conferred on the Holders by this Agreement; provided that such direction shall not be otherwise than in accordance with Law and the provisions of this Agreement.

Appears in 3 contracts

Samples: Contingent Value Rights Agreement (Concert Pharmaceuticals, Inc.), Contingent Value Rights Agreement (Sun Pharmaceutical Industries LTD), Agreement and Plan of Merger (Concert Pharmaceuticals, Inc.)

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Control by Acting Holders. Subject to the last sentence of Section 6.3, the The Acting Holders shall have the right to direct the time, method and place conduct of conducting any proceeding for any remedy available to the Holders under this Agreement, or exercising any power conferred on the Holders by this Agreement; provided that such direction shall not be otherwise than in accordance with applicable Law and the provisions of this Agreement.

Appears in 2 contracts

Samples: Contingent Value Rights Agreement (Assertio Holdings, Inc.), Agreement and Plan of Merger (Spectrum Pharmaceuticals Inc)

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Control by Acting Holders. Subject to the last sentence of Section 6.36.2, the Acting Holders shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Holders under this Agreement, or exercising any power conferred on the Holders by this Agreement; provided that such direction shall not be otherwise than in accordance with applicable Law and the provisions of this Agreement.

Appears in 1 contract

Samples: Contingent Value Rights Agreement (Surface Oncology, Inc.)

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