Common use of Protective Provision Clause in Contracts

Protective Provision. So long as any shares of Series A Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A Preferred Stock then outstanding (voting as a class), (i) alter or change adversely the powers, preferences or rights given to the Series A Preferred Stock or alter or amend this Certificate of Designations, (ii) authorize or create any class of stock ranking as to distribution of dividends senior to the Series A Preferred Stock, (iii) amend its Articles of Incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A Preferred Stock, (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.

Protective Provision. 1. So long as any shares of Series A Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A Preferred Stock then outstanding (voting separately as a one class), (i) alter or change adversely the powers, preferences or rights given to the Series A Preferred Stock or alter or amend this Certificate of Designations, (ii) authorize or create any class of stock ranking as to distribution of dividends senior to the Series A Preferred Stock, (iii) amend its Articles certificate of Incorporation incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A Preferred Stock, Stock or (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.

Protective Provision. 1. So long as any shares of Series A C Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A C Preferred Stock then outstanding (voting separately as a one class), (i) 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, (ii) authorize or create any class of stock ranking as to distribution of dividends senior to the Series A C Preferred Stock, (iii) amend its Articles certificate of Incorporation incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A C Preferred Stock, Stock or (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.

Protective Provision. 1. So long as any shares of Series A B Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A B Preferred Stock then outstanding (voting separately as a one class), (i) 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, (ii) authorize or create any class of stock ranking as to distribution of dividends senior to the Series A B Preferred Stock, (iii) amend its Articles certificate of Incorporation incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A B Preferred Stock, Stock or (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.

Protective Provision. 1. So long as any shares of Series A D Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A D Preferred Stock then outstanding (voting separately as a one class), (i) 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, (ii) authorize or create any class of stock ranking as to distribution of dividends dividend senior to the Series A D Preferred Stock, (iii) amend its Articles certificate of Incorporation incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A D Preferred Stock, Stock or (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.

Protective Provision. 1. So long as any shares of Series A G Preferred Stock are outstanding, the Corporation will not, without the affirmative approval of the Holders of a majority of the shares of the Series A G Preferred Stock then outstanding (voting separately as a one class), (i) 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, (ii) authorize or create any class of stock ranking as to distribution of dividends senior to the Series A G Preferred Stock, (iii) amend its Articles certificate of Incorporation incorporation or other charter documents in breach of any of the provisions hereof, (iv) increase the authorized number of shares of Series A G Preferred Stock, Stock or (v) liquidate, dissolve or wind-up the business and affairs of the Corporation, other than in connection with a Deemed Liquidation Event (as defined below), or (vi) enter into any agreement with respect to the foregoing.