Common use of Limitation on Management Rights Clause in Contracts

Limitation on Management Rights. The Company shall not be required under this Agreement to provide access to attorney/client privileged communications or other information of an extremely sensitive nature the disclosure of which to the Fund would be materially detrimental to the Company. The Company acknowledges and agrees that the preceding sentence is not intended to prevent the Fund from obtaining information necessary for the Fund to substantially participate in, or substantially influence the conduct of, management of the Company within the meaning of the Regulation or the California Rules.

Appears in 2 contracts

Samples: Series a Preferred Stock Purchase Agreement (Prosper Marketplace Inc), Management Rights Agreement (Marver James D)

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Limitation on Management Rights. The Company shall not be required under this Agreement to provide access to attorney/-client privileged communications or other information of an extremely sensitive nature the disclosure of which to the Fund would be materially detrimental to the Company. The Company acknowledges and agrees that the preceding sentence is not intended to prevent the Fund from obtaining information necessary for the Fund to substantially participate in, or substantially influence the conduct of, management of the Company within the meaning of the Regulation or the California RulesRegulation.

Appears in 2 contracts

Samples: Management Rights Agreement (Upland Software, Inc.), Management Rights Agreement (Upland Software, Inc.)

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