Common use of General Voting Rights Clause in Contracts

General Voting Rights. In addition to the voting rights described in Section 5 of this Article III, the holder of each share of Preferred Stock shall have the right to one vote for each share of Common Stock into which such Preferred Stock could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled, notwithstanding any provision hereof, to notice of any shareholders' meeting in accordance with the bylaws of this corporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Preferred Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Collateral Therapeutics Inc), Preferred Stock Purchase Agreement (Collateral Therapeutics Inc)

AutoNDA by SimpleDocs

General Voting Rights. In addition to the voting rights described in Section Sections 5 and 6 of this Article III, the holder of each share of Preferred Stock shall have the right to one vote for each share of Common Stock into which such Preferred Stock could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, and shall be entitled, notwithstanding any provision hereof, to notice of any shareholders' meeting in accordance with the bylaws of this corporation, and shall be entitled to vote, together with holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Preferred Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Collateral Therapeutics Inc), Preferred Stock Purchase Agreement (Collateral Therapeutics Inc)

AutoNDA by SimpleDocs

General Voting Rights. In addition to the voting rights described in Section 5 of this Article III, the Each holder of each share of Preferred Stock Shares shall have the right to one (1) vote for each share of Common Stock Ordinary Share into which such Preferred Stock Shares could then be converted, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting rights and powers of the holders of Common StockOrdinary Shares, and shall be entitled, notwithstanding any provision hereofherein to the contrary, (i) to notice of any shareholders' ’ meeting in accordance with the bylaws Articles of this corporationAssociation of the Company, and shall be entitled (ii) to vote, together with holders of Common StockOrdinary Shares, with respect to any question upon which holders of Common Stock Ordinary Shares have the right to vote. Fractional votes shall not, however, be permitted and any fractional voting rights available on an as-converted basis (after aggregating all shares into which shares of Preferred Stock Shares held by each holder could then be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

Appears in 1 contract

Samples: Preferred Share Purchase Agreement (Longtop Financial Technologies LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.