Common use of No Rights as Shareholder; Limitation of Liability Clause in Contracts

No Rights as Shareholder; Limitation of Liability. This Warrant Agreement, as distinct from the shares for which this Warrant Agreement is exercisable, will not entitle the Holder to any of the rights of a shareholder of the Company. No provision of this Warrant Agreement, in the absence of affirmative action by the Holder to purchase the Warrant Shares, and no mere enumeration herein of the rights or privileges of the Holder, will give rise to any liability of the Holder for the purchase price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 2 contracts

Samples: License Agreement (Genvec Inc), License Agreement (Genvec Inc)

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No Rights as Shareholder; Limitation of Liability. This Warrant ------------------------------------------------- Agreement, as distinct from the shares for which this Warrant Agreement is exercisable, will not entitle the Holder to any of the rights of a shareholder of the Company. No provision of this Warrant Agreement, in the absence of affirmative action by the Holder to purchase the Warrant Shares, and no mere enumeration herein of the rights or privileges of the Holder, will give rise to any liability of the Holder for the purchase price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Genvec Inc), Warrant Agreement (Genvec Inc)

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