Common use of Covenant Not to Amend Clause in Contracts

Covenant Not to Amend. The Company and each Purchaser agrees not to vote in favor of or take any action relating to the Series A Preferred Stock of the Company, or amend or waive the voting or other provisions of the Company's Certificate of Incorporation, the Company's bylaws, this Agreement or the other agreements delivered in connection with the issuance and sale of the Series A Preferred Stock of the Company if such action, amendment or waiver would cause any Regulated Holder to have a Regulatory Problem (as defined in the Small Business Sideletter). WSV agrees to notify the Company if it would have a Regulatory Problem promptly after it has notice of such action, amendment or waiver.

Appears in 2 contracts

Samples: Securities Rights Agreement (Salon Media Group Inc), Securities Rights Agreement (Salon Media Group Inc)

AutoNDA by SimpleDocs

Covenant Not to Amend. The Company and each Purchaser agrees not --------------------- to vote in favor of or take any action relating to the Series A Preferred Stock of the Company, or amend or waive the voting or other provisions of the Company's Certificate of Incorporation, the Company's bylaws, this Agreement or the other agreements delivered in connection with the issuance and sale of the Series A Preferred Stock of the Company if such action, amendment or waiver would cause any Regulated Holder to have a Regulatory Problem (as defined in the Small Business Sideletter). WSV agrees to notify the Company if it would have a Regulatory Problem promptly after it has notice of such action, amendment or waiver.

Appears in 1 contract

Samples: Securities Rights Agreement (Salon Media Group Inc)

AutoNDA by SimpleDocs

Covenant Not to Amend. The At the reasonable request of a Regulated Holder, the Company and each Purchaser agrees Investor agree not to vote in favor of or take any an action relating to the Series A Preferred Stock capital stock of the Company, or amend or waive the voting or other provisions of the Company's ’s Certificate of Incorporation, the Company's bylaws’s Bylaws, this Agreement Agreement, or the other agreements delivered in connection with the issuance and sale of the Series A Preferred Stock Securities of the Company Company, if such action, amendment or waiver would cause any Regulated Holder to have a Regulatory Problem (as defined in the Small Business Sideletter)Problem. WSV agrees WAV and Xxxxx both agree to notify the Company if it would have a Regulatory Problem promptly after it has notice of such action, amendment or waiver.

Appears in 1 contract

Samples: Investor Rights Agreement (Peregrine Semiconductor Corp)

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