Common use of Restricted Actions Clause in Contracts

Restricted Actions. Without the prior written consent of the Purchaser, and for so long as any of the Preferred Shares remain outstanding, the Company shall not, and shall not permit any Subsidiary to:

Appears in 3 contracts

Samples: Securities Purchase Agreement (First Scientific Inc), Securities Purchase Agreement (E Automate Corp/De), Securities Purchase Agreement (E Automate Corp/De)

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Restricted Actions. Without the prior written consent of the Purchaser, and for so long as any holders of two-thirds of the then outstanding Preferred Shares remain outstanding, the Company shall not, and shall not permit any Subsidiary to:

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Alarmguard Holdings Inc), Preferred Stock Purchase Agreement (Canaan Equity L P), Preferred Stock Purchase Agreement (Lechters Inc)

Restricted Actions. Without the prior written consent of the Purchaser, and for so long as any holders of a majority of the Preferred Series B Shares remain then outstanding, the Company shall not, and shall not permit any Subsidiary (other than an Unrestricted Subsidiary) to, directly or indirectly:

Appears in 2 contracts

Samples: Series B Convertible Preferred Stock and Warrant Purchase Agreement (Sandler Capital Management), Series B Convertible Preferred Stock and Warrant Purchase Agreement (Penton Media Inc)

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Restricted Actions. Without the prior written consent of the Purchaser, and for so long as any holders of a majority of the then outstanding Preferred Shares remain outstandingShares, the Company shall not, and shall not permit any Subsidiary to:

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Transact Technologies Inc)

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