Common use of Notice of Transaction Clause in Contracts

Notice of Transaction. The Corporation shall give each holder of record of Preferred Stock written notice of any transaction contemplated by Article IV3.b.ii(a) not later than twenty (20) days prior to the stockholders’ meeting called to approve such transaction, or twenty (20) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.b, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than ten (10) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of at least a majority of the then outstanding shares of Preferred Stock tendered in such deemed liquidation.

Appears in 2 contracts

Samples: Loan and Security Modification Agreement (Singulex Inc), Loan and Security Modification Agreement (Singulex Inc)

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Notice of Transaction. The Corporation shall give --------------------- each holder of record of Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty (20) days prior to the stockholders' meeting called to approve such transaction, or twenty (20) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than ten (10) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Avantgo Inc), Preferred Stock Purchase Agreement (Avantgo Inc)

Notice of Transaction. The Corporation shall give --------------------- each holder of record of Series A Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty ten (2010) business days prior to the stockholders' meeting called to approve such transaction, or twenty ten (2010) business days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty ten (2010) business days after the Corporation has given the first notice provided for herein or sooner than ten (10) business days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Chemdex Corp)

Notice of Transaction. The Corporation shall give each holder of record of Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty (20) days prior to the stockholders' meeting called to approve such transaction, or twenty (20) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than ten twenty (1020) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Etoys Inc)

Notice of Transaction. The Corporation shall --------------------- give each holder of record of Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty (20) days prior to the stockholders' meeting called to approve such transaction, or twenty (20) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than ten (10) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Avantgo Inc)

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Notice of Transaction. The Corporation shall give each --------------------- holder of record of Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty (20) days prior to the stockholders' meeting called to approve such transaction, or twenty (20) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than ten (10) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Avantgo Inc)

Notice of Transaction. The Corporation shall give each holder of record of Preferred Stock written notice of any such impending transaction contemplated by Article IV3.b.ii(a) not later than twenty ten (2010) days prior to the stockholdersshareholders’ meeting called to approve such transaction, or twenty ten (2010) days prior to the closing of such transaction, whichever is earlier, and shall also notify such holders in writing of the final approval of such transaction. The first of such notices shall describe the material terms and conditions of the impending transaction and the provisions of this Article IV3.bSection 2, and the Corporation shall thereafter give such holders prompt notice of any material changes. The transaction shall in no event take place sooner than twenty ten (2010) days after the Corporation has given the first notice provided for herein or sooner than ten (10) days after the Corporation has given notice of any material changes provided for herein; provided, however, that such periods may be shortened or waived upon the vote or written consent of the holders of Preferred Stock that are entitled to such notice rights or similar notice rights and that represent at least a majority of the voting power of all then outstanding shares of such Preferred Stock tendered in such deemed liquidationStock.

Appears in 1 contract

Samples: Warrant Agreement (Opentable Inc)

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