Common use of Protective Provision Clause in Contracts

Protective Provision. So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A Preferred Stock then outstanding, (a) alter or change adversely the powers, preferences or rights given to the Series A Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A Preferred Stock (other than Senior Shares), (c) amend its certificate or articles of incorporation or other charter documents in breach of any of the provisions hereof, (d) change the authorized number of shares of Series A Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A Preferred Stock then outstandingoutstanding (voting as a class), (a) alter or change adversely the powers, preferences or rights given to the Series A Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A Preferred Stock (other than Senior Shares)Stock, (c) amend its certificate or articles of incorporation incorporation, articles of association, or other charter documents in breach of any of the provisions hereof, (d) change increase the authorized number of shares of Series A Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation Corporation, or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A G Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A G Preferred Stock then outstandingoutstanding (voting as a class), (a) alter or change adversely the powers, preferences or rights given to the Series A G Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A G Preferred Stock (other than Senior Shares)Stock, (c) amend its certificate or articles of incorporation incorporation, articles of association, or other charter documents in breach of any of the provisions hereofof this Certificate of Designations, (d) change increase the authorized number of shares of Series A G Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation Corporation, or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A B Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A B Preferred Stock then outstanding, (a) alter or change adversely the powers, preferences or rights given to the Series A B Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A B Preferred Stock (other than Senior Shares), (c) amend its certificate or articles of incorporation or other charter documents in breach of any of the provisions hereof, (d) change the authorized number of shares of Series A B Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A C Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A C Preferred Stock then outstanding, (a) alter or change adversely the powers, preferences or rights given to the Series A C Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A C Preferred Stock (other than Senior Shares), (c) amend its certificate or articles of incorporation or other charter documents in breach of any of the provisions hereof, (d) change the authorized number of shares of Series A C Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A D Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A D Preferred Stock then outstandingoutstanding (voting as a class), (a) alter or change adversely the powers, preferences or rights given to the Series A D Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A D Preferred Stock (other than Senior Shares)Stock, (c) amend its certificate or articles of incorporation incorporation, articles of association, or other charter documents in breach of any of the provisions hereof, (d) change increase the authorized number of shares of Series A D Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation Corporation, or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.

Protective Provision. So long as any shares of Series A C Preferred Stock are outstanding, the Corporation shall not, without the affirmative approval of the Holders of a majority of the shares of the Series A C Preferred Stock then outstandingoutstanding (voting as a class), (a) alter or change adversely the powers, preferences or rights given to the Series A C Preferred Stock or alter or amend this Certificate of Designations, (b) authorize or create any class of stock ranking as to distribution of assets upon a liquidation senior to or otherwise pari passu with the Series A C Preferred Stock (other than Senior Shares)Stock, (c) amend its certificate or articles of incorporation incorporation, articles of association, or other charter documents in breach of any of the provisions hereof, (d) change increase the authorized number of shares of Series A C Preferred Stock, (e) liquidate, dissolve or wind-up the business and affairs of the Corporation Corporation, or effect any Deemed Liquidation Event (as defined below), or (f) enter into any agreement with respect to the foregoing.