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Common use of Restrictions on Sales of Control of the Company Clause in Contracts

Restrictions on Sales of Control of the Company. No Shareholder shall be a party to any Share Sale unless all Shareholders are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated among the parties thereto in the manner specified in the Articles in effect immediately prior to the Share Sale (as if such transaction were a Deemed Liquidation Event).

Appears in 5 contracts

Samples: Private Placement Subscription Agreement (Naqi Logix Inc.), Subscription Agreement (Naqi Logix Inc.), Voting Agreement (Naqi Logix Inc.)

Restrictions on Sales of Control of the Company. No Shareholder Stockholder shall be a party to any Share Stock Sale unless all Shareholders holders of Preferred Stock and Key Holders are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated among the parties thereto in the manner specified in the Articles in effect immediately prior to the Share Sale Certificate (as if such transaction were a Deemed Liquidation Event).

Appears in 2 contracts

Samples: Voting Agreement (M&m Media, Inc.), Voting Agreement (M&m Media, Inc.)