Common use of Purchaser Approval Rights Clause in Contracts

Purchaser Approval Rights. The Company may not, and may not permit its Subsidiaries to, take any of the following actions without each Purchaser’s prior written consent; provided, however, that if such written consent is withheld by any Purchaser, the Company may, notwithstanding the withholding of such written consent, take any such actions that are first approved by the affirmative vote or consent of holders of not less than two-thirds of the Voting Securities that are not held by each Purchaser or any of its respective Affiliates:

Appears in 3 contracts

Samples: Registration Rights Agreement (Dana Corp), Registration Rights Agreement (Dana Corp), Shareholders Agreement (Dana Holding Corp)

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Purchaser Approval Rights. The Company may not, and may not permit its Subsidiaries to, take any of the following actions without each Purchaser’s prior written consent; provided, however, that if such written consent is withheld by any Purchaser, the Company may, notwithstanding the withholding of such written consent, take any such actions that are first approved by the affirmative vote or consent of holders of not less than two-thirds of the Voting Securities that are not held by each Centerbridge, Purchaser or any of its their respective Affiliates:

Appears in 1 contract

Samples: Subscription Agreement (Dana Corp)

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