Common use of No Voting or Dividend Rights Clause in Contracts

No Voting or Dividend Rights. Nothing contained in this Option shall be construed as conferring upon the Holder the right to vote or to consent to receive notice as a stockholder of the Company or any other matters or any rights whatsoever as a stockholder of the Company prior to the purchase of Option Shares and then only as to the shares purchased in accordance with its terms. No dividends or interest shall be payable or accrued in respect of this Option or the interest represented hereby or the shares purchasable hereunder until, and only to the extent that, Option Shares are purchased hereunder.

Appears in 2 contracts

Samples: Nano Magic Inc., Nano Magic Inc.

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No Voting or Dividend Rights. Nothing contained in this Option shall be construed as conferring upon the Holder Xxxxxx hereof the right to vote or to consent to receive notice as a stockholder of the Company or Corporation on any other matters or any rights whatsoever as a stockholder of the Company prior to the purchase of Option Shares and then only as to the shares purchased in accordance with its termsCorporation. No dividends or interest shall be payable or accrued in respect of this Option or the interest represented hereby or the shares purchasable hereunder until, and only to the extent that, this Option Shares are purchased hereundershall have been exercised.

Appears in 2 contracts

Samples: Stock Option Agreement (Viking Systems Inc), Option Agreement (Viking Systems Inc)

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No Voting or Dividend Rights. Nothing contained in this Option shall be construed as conferring upon the Holder the right to vote or to consent to receive notice as a stockholder of the Company or any other matters or any rights whatsoever as a stockholder of the Company prior to the purchase exercise of Option Shares and then only as to the shares purchased in accordance with its termsthis Option. No dividends or interest shall be payable or accrued in respect of this Option or the interest represented hereby or the shares purchasable hereunder until, and only to the extent that, this Option Shares are purchased hereunderor the underlying Warrant is exercised.

Appears in 1 contract

Samples: Pen Inc.

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