Common use of No Inconsistent Agreements; Limitations on Subsequent Registration Rights Clause in Contracts

No Inconsistent Agreements; Limitations on Subsequent Registration Rights. Neither the Company nor any of its subsidiaries shall hereafter enter into, and neither the Company nor any of its subsidiaries is currently a party to, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders by this Agreement. From and after the date of this Agreement, the Company shall not, without the written consent of holders of at least a majority of the voting power of the then outstanding Registrable Securities held by all Holders (calculated on an as-converted basis), enter into any agreement with any holder or prospective holder of any Equity Securities of the Company that would allow such holder or prospective holder (i) to include such Equity Securities in any Registration filed under Section 2 or Section 3, unless under the terms of such agreement such holder or prospective holder may include such Equity Securities in any such Registration only to the extent that the inclusion of such Equity Securities will not reduce the amount of the Registrable Securities of the Holders that are included, (ii) to demand Registration of their Equity Securities, or (iii) cause the Company to include such Equity Securities in any Registration filed under Section 2 or Section 3 hereof on a basis pari passu with or more favorable to such holder or prospective holder than is provided to the Holders of Registrable Securities.

Appears in 3 contracts

Samples: Shareholder Agreement (Qutoutiao Inc.), Shareholder Agreement (Qutoutiao Inc.), Shareholder Agreement (Qtech Ltd.)

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No Inconsistent Agreements; Limitations on Subsequent Registration Rights. Neither (a) The Company represents and warrants to the Company nor any of its subsidiaries shall hereafter enter into, and neither the Company nor any of its subsidiaries Holders that it is currently not a party to, to any agreement with respect to its securities that is inconsistent with the rights granted to the Holders by in this Agreement. . (b) From and after the date of this Agreement, the Company shall will not, without the prior written consent of holders the Holders of at least a majority of the voting power of the then outstanding Registrable Securities held by all Holders (calculated on an as-converted basis)Securities, enter into any agreement with any holder or prospective holder of any Equity Securities securities of the Company that which would allow such holder or prospective holder (i) to include such Equity Securities securities in any Registration registration filed under Section 2 or Section 32, unless under the terms of such agreement agreement, such holder or prospective holder may include such Equity Securities securities in any such Registration registration only to the extent that the inclusion of such Equity Securities his securities will not reduce the amount of the Registrable Securities of the Holders that are included, which is included or (ii) to make a demand Registration registration which could result in such registration statement being declared effective within 180 days of their Equity Securitiesthe effective date of any registration effected pursuant to Section 2. (c) From and after the date of this Agreement, if the Company grants any person rights (i) to demand that the Company register securities of the Company under the Securities Act or (iiiii) cause to have securities of the Company included in a registration statement, which are more favorable than these registration rights provisions in any regard (including, without limitation, those relating to the expenses to be borne by the Company), the rights granted herein shall be deemed to be amended to include such Equity Securities in any Registration filed under Section 2 or Section 3 hereof on a basis pari passu with or more favorable rights in addition to such holder or prospective holder than is provided to the Holders of Registrable Securitiesthese set forth herein.

Appears in 2 contracts

Samples: Registration Rights Agreement (Digital Entertainment Network Inc), Registration Rights Agreement (Digital Entertainment Network Inc)

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