Common use of Observation Rights Clause in Contracts

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 12 contracts

Samples: Loan Agreement (Dreams Inc), Loan Agreement (Dreams Inc), Stock Purchase Warrant (Galaxy Foods Co)

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Observation Rights. The Holder of this Warrant shall (a) receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall capacity, (b) receive a copy copies of all correspondence notices, packages and information delivered documents provided to members of the Company's Board of Directors for each board of directors meeting, and (c) receive copies of all actions taken by written consent by the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 4 contracts

Samples: Stock Purchase Warrant (Mobility Electronics Inc), Stock Purchase Warrant (Mobility Electronics Inc), Loan Agreement (Data National Corp)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's ’s Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's ’s Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full; provided that such representative shall execute such confidentiality agreement in favor of the Company as the Company may reasonably request.

Appears in 3 contracts

Samples: Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc)

Observation Rights. The Holder of this Warrant Agreement shall receive prior written notice of and be entitled to attend or may send a representative to attend in person (or in the case of a telephonic meeting, join in the conference call) all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 2 contracts

Samples: Stock Purchase Warrant and Registration Rights Agreement (Imtek Office Solutions Inc), Stock Purchase Warrant and Registration Rights Agreement (Imtek Office Solutions Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative (at Holder's expense) to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Ild Telecommunications Inc), Stock Purchase Warrant (Ild Telecommunications Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as all indebtedness of the indebtedness evidenced by Company to the Note Holder has been paid in full.

Appears in 2 contracts

Samples: Stock Purchase Warrant (Wi Lan Inc), Stock Purchase Warrant (Digital Transmission Systems Inc \De\)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has and by that Unconditional Guaranty of this date executed by the Company in favor of Holder have been paid in full.

Appears in 2 contracts

Samples: Contingent Stock Purchase Warrant (Dynagen Inc), Contingent Stock Purchase Warrant (Dynagen Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from . The Holder agrees to abide by all written rules and policies of the date hereof until Company regarding confidential information to the extent such time as rules and policies are generally applicable to the indebtedness evidenced by directors of the Note Company and the Company has been paid in fullgiven such Holder notice of and a copy of such rules and policies.

Appears in 1 contract

Samples: Stock Purchase Warrant (Interactive Magic Inc /Md/)

Observation Rights. The Holder of this Warrant shall (a) receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall capacity, (b) receive a copy copies of all correspondence notices, packages and information delivered documents provided to members of the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.Directors for each board of directors

Appears in 1 contract

Samples: Loan Agreement (Multicom Publishing Inc)

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Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-non- voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full; provided, that Holder shall maintain the confidentiality of such information except for any disclosures required by law.

Appears in 1 contract

Samples: Stock Purchase Warrant (Metrisa Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.and

Appears in 1 contract

Samples: Stock Purchase Warrant (Buildnet Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full. Only one (1) representative of the Holder(s) of this Warrant may attend any given meeting of the Company's Board of Directors under the authority of this Section.

Appears in 1 contract

Samples: Stock Purchase Warrant (American Consolidated Laboratories Inc)

Observation Rights. The Holder of this Warrant shall receive notice ------------------- of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directors, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 1 contract

Samples: Stock Purchase Warrant (Master Graphics Inc)

Observation Rights. The Holder of this Warrant shall receive notice of and be entitled to attend or may send a representative to attend all meetings of the Company's Board of Directors in a non-voting observation capacity and shall receive a copy of all correspondence and information delivered to the Company's Board of Directorscapacity, from the date hereof until such time as the indebtedness evidenced by the Note has been paid in full.

Appears in 1 contract

Samples: Stock Purchase Warrant (Front Royal Inc)

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