Entrenched Rights Sample Clauses

Entrenched Rights. The Company shall use reasonable efforts to ensure that the Subscriber shall, for so long as it remains a Shareholder, continue to enjoy the information and participation rights in (a) and (b) above in relevant financing documents related to all subsequent financings.
Sample 1Sample 2Sample 3See All (4)
Entrenched Rights. Notwithstanding the provisions of Clause 7.1 (Procedure for Amendments, Consents and Waivers): 7.2.1 No amendment to or consent or waiver in respect of this Deed or any other Relevant Document shall be effective if the proposed amendment, consent or waiver: (a) changes the ranking or priority of a Secured Creditor set out in Schedule 4 (Pre-Acceleration Payment Priorities) or Schedule 5 (Post-Acceleration Payment Priorities); (b) has the effect of changing a date on which payment of principal, interest or any other sum due to a Secured Creditor is to be made, or has the effect of reducing the amount of principal, interest or any other sum due to a Secured Creditor on any date, or altering the method of calculating the amount of any payment of any amount or the date for payment to a Secured Creditor; (c) has the effect of changing the currency of payment of any amount due to a Secured Creditor; (d) has the effect of requiring from a Secured Creditor additional undertakings or indemnities or has the effect of increasing the scope of any existing undertakings or indemnities provided by a Secured Creditor; or (e) has the effect of changing any provision of any Relevant Document that expressly requires the consent of a Secured Creditor, unless the Security Trustee, further to a written request from the Issuer or a Secured Creditor, has requested and has received from each of the Debt Representatives who are, or who represent persons who are, affected in a manner set out in paragraphs (a) to (e) above, such Debt Representative's prior written approval to such amendment, consent or waiver PROVIDED THAT an amendment or waiver pursuant to sub-clause 7.1.7 of Clause 7.1 (Procedure for Amendments, Consents and Waivers) which falls within paragraph (e) above shall not require the approvals or consents set out in this sub-clause 7.2.1 of Clause 7.2 (Entrenched Rights). 7.2.2 No amendment, consent or waiver relating to this Deed or any other Relevant Document to which the Security Trustee is a party shall be effective if the proposed amendment, consent or waiver has the effect of substituting another entity as principal obligor for any Obligor or: (a) amends the provisions of this Clause 7.2; (b) amends the definition of "Security Documents", "Obligors", "Relevant Document" or "Secured Obligations";
Sample 1
Entrenched Rights. Notwithstanding Clause 15.1 (Procedure for Modification) no modification, amendment, supplement or restatement of Clause 8 (Pre-Enforcement Entitlements), Clause 9 (Enforcement of Security), Clause 10 (Post-Enforcement Distributions), Clause 13 (Undertakings), Clause 14 (Changes to the Parties) and this Clause 15 (nor any defined term used therein) or any release of the Security Documents (other than pursuant to the terms of this Deed) or any amendment, supplement or restatement of any Security Document which increases the indebtedness secured thereunder or prejudices the rights of any Creditor shall be effective as against any Creditor unless all of the Creditors agree thereto.
Sample 1
Entrenched Rights. Notwithstanding Clause 161 (Procedure for Modification) no modification, amendment, supplement or restatement of Clauses 8 (Pre-Enforcement Entitlements), 9 (Enforcement of Security), 14 (Undertakings), 15(Changes to the Parties) and this Clause 16 (nor any defined term used therein) or any release of the Security Documents (other than pursuant to the terms of this Deed) or any amendment, supplement or restatement of any Security Document which increases the indebtedness secured thereunder or prejudices the rights of any Creditor shall be effective as against any Creditor unless all of the Creditors agree thereto.
Sample 1
Entrenched Rights 
Sample 1

Related to Entrenched Rights

  • Acquired Rights The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award of the Option made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the Option awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation.

  • Restricted Rights Use of the Software by or for the United States Government is conditioned upon the Government agreeing that the Software is subject to Restricted Rights as provided under the provisions set forth in FAR 52.227-19. Customer shall be responsible for assuring that this provision is included in all agreements with the United States Government and that the Software, when delivered to the Government, is correctly marked as required by applicable Government regulations governing such Restricted Rights as of such delivery.

  • Reserved Rights (a) The state, for itself and others, reserves all rights not expressly granted to the lessee by this lease. These reserved rights include, but are not limited to: (1) the right to explore for oil, gas, and associated substances by geological and geophysical means; (2) the right to explore for, develop, and remove natural resources other than oil, gas, and associated substances on or from the leased area; (3) the right to establish or grant easements and rights-of-way for any lawful purpose, including without limitation for shafts and tunnels necessary or appropriate for the working of the leased area or other lands for natural resources other than oil, gas, and associated substances; (4) the right to dispose of land within the leased area for well sites and well bores of xxxxx drilled from or through the leased area to explore for or produce oil, gas, and associated substances in and from lands not within the leased area; and (5) the right otherwise to manage and dispose of the surface of the leased area or interests in that land by grant, lease, permit, or otherwise to third parties. (b) The rights reserved may be exercised by the state, or by any other person or entity acting under authority of the state, in any manner that does not unreasonably interfere with or endanger the lessee's operations under this lease.

  • Vested Rights During the Term of this Agreement, Owner shall have the vested right and entitlement to develop and operate the Project in accordance with the Existing Land Use Ordinances, in addition to any Cannabis Manufacturing Operating Standards adopted by the City Council, which may be amended at the City’s discretion. Parties acknowledge that neither the City nor the Owner can at this time predict when or the rate at which or the order in which parts of the Project will be developed. Owner shall have the vested right to develop the Project in such order and at such rate and at such times as Owner deems appropriate in the exercise of its business judgment, provided that Owner is in compliance with the Project Approvals.

  • Protected Rights The Company and the undersigned agree that nothing in this Separation Agreement and Release is intended to or shall be construed to affect, limit or otherwise interfere with any non-waivable right of the undersigned under any Federal, state or local law, including the right to file a charge or participate in an investigation or proceeding conducted by the Equal Employment Opportunity Commission (“EEOC”) or to exercise any other right that cannot be waived under applicable law. The undersigned is releasing, however, his/her right to any monetary recovery or relief should the EEOC or any other agency pursue Claims on his/her behalf. Further, should the EEOC or any other agency obtain monetary relief on his/her behalf, the undersigned assigns to the Company all rights to such relief.

  • Limited Rights The Participant has no rights as a stockholder of the Corporation with respect to the Option as set forth in Section 7.8 of the Plan. The Option does not place any limit on the corporate authority of the Corporation as set forth in Section 7.15 of the Plan.