Most Favourable Rights Sample Clauses

Most Favourable Rights. Provided that this Clause 5.1.8 shall not apply where a third party acquires more than 5% (either through itself or through its affiliates) of the share capital of the Company (on a Fully Diluted Basis) (either through subscription or acquisition of the Securities of the Company).
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Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, 360 One Special Opportunities Fund – Series 9, 360 One Special Opportunities Fund – Series 10 and Axis Growth Avenues AIF – I have the same set of rights and obligations and if any additional rights are given to 360 One Special Opportunities Fund – Series 9, 360 One Special Opportunities Fund – Series 10 or Axis Growth Avenues AIF – I or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits: (a) which are more favourable than rights granted to the Purchaser under this Agreement; or (b) which, in any way, limit or prejudice the rights of the Purchaser, in either case, without the consent of the Purchaser. In the event the Company and / or the Promoters confer on any Person, rights, privileges, preferences and benefits which are more favourable than rights granted to the Purchaser under this Agreement, the rights of the Purchaser as provided for in this Agreement will be deemed to be automatically modified and amended such that the rights as favourable as the rights granted to such Person are conferred on the Purchaser, unless the Purchaser agrees to waive the right available to the Purchaser under this Clause 5.1.8 (
Sample 1
Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, 360 One Special Opportunities Fund – Series 9, Ashoka India Equity Investment Trust Plc, and Axis Growth Avenues AIF – I have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc, 360 One Special Opportunities Fund – Series 9 or Axis Growth Avenues AIF – I or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not
Sample 1
Most Favourable Rights. 9.10.1 The Company shall not, without the Consent of the Investor, grant to any Person holding / desirous of holding Equity Securities in the Company, rights which are superior to the rights of the Investor in terms of this Agreement and provided any such rights do not adversely affect the rights of the Investor. In the event any such Person has any rights, privileges or protections or terms favourable than those offered to the Investor, then the Investor shall, and the Company shall ensure that the Investor shall, enjoy similar rights and privileges or protections. Nothing contained in this Clause 9.10 shall restrict the Company from provision of superior rights to an investor: (i) whose shareholding in the Company is higher than the shareholding of the Investor (along with its Affiliates), each on a Fully Diluted Basis, or (ii) who invests any amount that is in excess of 20% (twenty percent) of the amounts invested in the Company by the Investor.
Sample 1
Most Favourable Rights. The Company and / or the Promoters hereby undertake to ensure that the Purchaser, Ashoka India Equity Investment Trust Plc, 360 One Special Opportunities Fund – Series 9 and 360 One Special Opportunities Fund – Series 10 have the same set of rights and obligations and if any additional rights are given to Ashoka India Equity Investment Trust Plc or 360 One Special Opportunities Fund – Series 9 or 360 One Special Opportunities Fund – Series 10 or any obligations reduced, the benefit of the same shall be automatically applicable to the Purchaser. The Company and / or the Promoters shall not confer on any Person, rights, privileges, preferences, and benefits:
Sample 1
Most Favourable Rights. The Company and the Promoters shall not issue any Equity Securities of the Company or enter into an agreement to issue Equity Securities of the Company, enter into any management agreement or shareholder agreement or any other agreements with any Person, which agreement confers on such Person rights which, considered individually, are more favourable than rights considered individually granted herein to the Investor. In the event the Company and!or the Promoters confer on such Person such rights which, when so considered, are more favourable than rights granted herein to the Investor, notwithstanding anything in this Agreement or the Charter Documents, the rights of the Investor as provided for in this Agreement and the Charter Documents shall be modified and amended in accordance with the rights granted to such Person to confer on the Investor rights at least as favourable as though conferred on such Person as of the Effective Date. The Company and the Promoters shall take all necessary steps to amend the Charter Documents to give effect to such modification of rights of the Investor.
Sample 1

Related to Most Favourable Rights

  • Drag-Along Rights If, at any time, the Founders jointly propose to transfer all of the Common Shares owned by the Founders in a single transaction to a third party (the “Proposed Acquiror”) pursuant to a Qualified Sale (as defined below), and the Board of Directors of the Company has approved such Qualified Sale, the Founders may cause to be included in such Qualified Sale all, but not less than all, of the Common Shares held by each of the other Shareholders by providing to each such other Shareholder a notice (a “Qualified Sale Notice”) of the proposed Qualified Sale at least 20 days prior to the date proposed for such Qualified Sale, stating the identity of the Proposed Acquiror, the kind and amount of consideration proposed to be paid for the Common Shares to be purchased by the Proposed Acquiror and the other material terms of such Qualified Sale. For purposes of determining the number of Common Shares outstanding pursuant to the immediately preceding sentence, Common Shares issuable upon the exercise of Warrants, options or other rights to acquire Common Shares, or upon the conversion or exchange of any security outstanding as of the time of delivery of the Qualified Sale Notice, shall not be deemed to be outstanding. In the event the Founders so provide a Qualified Sale Notice with respect to a Qualified Sale, each other Shareholder shall (i) be obligated to transfer all of the Common Shares owned by such Shareholder to the Proposed Acquiror on the terms and conditions set forth in the Qualified Sale Notice and (ii) execute and deliver such instruments of conveyance and transfer and take such other action, including voting such Shareholder’s Common Shares in favor of such Qualified Sale and executing any purchase agreements, merger agreements, indemnity agreements, escrow agreements or related documents, as the Founders or the Proposed Acquiror may reasonably require in order to carry out the terms and provisions of this Section 2(c); provided, however, that such instruments of conveyance and transfer and such purchase agreements, merger agreements, indemnity agreements, escrow agreements and related documents shall not include any representations or warranties of such Shareholder except such representations and warranties as are ordinarily given by a seller of securities with respect to such seller’s authority to sell, enforceability of agreements against such seller, such seller’s good title in such securities and the good title in such securities to be acquired at closing by the Proposed Acquiror, provided further, however, that any indemnity provision included in any such instrument, agreement or related document shall only indemnify the Proposed Acquiror with respect to breaches of such representations and warranties by such Shareholder, without any obligation or liability for contribution.

  • Recall Rights 12.1 The parties agree that Local boards will increase the length of time contained in their local collective agreements providing rights to recall by an additional two (2) years.

  • Drag Along Right Notwithstanding any other provision hereof, if any Holder has not exercised its Tag-Along Right with respect to the maximum number of Holder’s Shares for which such Holder is permitted (pursuant to Section 2(b)(ii)(B) above) to exercise such Tag-Along Right in respect of a Third Party Sale, then, upon the demand of any Selling Fortress Entity participating in such Third Party Sale (in each such entity’s sole discretion), such Holder shall sell to the respective Third Party the number of whole Holder’s Shares (rounded upwards or downwards, as applicable), whether or not the restrictions on Transfer of Common Stock have lapsed, equal to the product of (x) the total number of Holder’s Shares held by such Holder on the date of the Drag-Along Notice (as defined below) and (y) the Third Party Sale Percentage, at the same price and on the same terms and conditions as such Selling Fortress Entity has agreed to with such Third Party; provided, however, that each such Holder shall not be permitted to sell any unvested Holder’s Shares (provided that the Company may, in its sole discretion, accelerate the vesting of any unvested Holder’s Shares); provided further that such Selling Fortress Entity shall use its reasonable, good faith efforts to provide that (A) the only representation and warranty which such Holder shall be required to make in connection with the Third Party Sale is a representation and warranty with respect to such Holder’s own ownership of the Holder’s Shares to be sold by it and its ability to convey title thereto free and clear of liens, encumbrances and adverse claims and (B) the liability of such Holder with respect to any representation and warranty made in connection with the Third Party Sale is the several liability of such Holder (and not joint with any other person) and that such liability is limited to the amount of proceeds actually received by such Holder in the Third Party Sale; provided further, that a Holder shall not be obligated to participate in any Third Party Sale pursuant to this Section 2(b)(iii) unless such Holder is provided an opinion of counsel to the effect that the Third Party Sale is not in violation of applicable federal and state securities or other laws or, if such Holder is not provided with an opinion with respect to the matters contemplated by this proviso, each Selling Fortress Entity who has delivered a Drag-Along Notice to such Holder shall indemnify such Holder for any such violation. If the Third Party Sale is in the form of a merger transaction, each Holder agrees to vote its Holder’s Shares in favor of such merger and not to exercise any rights of appraisal or dissent afforded under applicable law.

  • Agreement of Rights Holders Every holder of a Right by accepting the same consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

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