Common use of Right to Conduct Activities Clause in Contracts

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investing, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor shall be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 3 contracts

Samples: Investors’ Rights Agreement (Cullinan Oncology, LLC), Investors’ Rights Agreement (IMARA Inc.), Investors’ Rights Agreement (IMARA Inc.)

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Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged are in the business of investing, venture capital investing and as that such invests Investors (together with their affiliates) invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor such Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Investors in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor Investors to assist any such competitive company, whether or not such action was taken as a member of the board of directors Board of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 3 contracts

Samples: Investors’ Rights Agreement (Sigilon Therapeutics, Inc.), Investors’ Rights Agreement (Sigilon Therapeutics, Inc.), Investors’ Rights Agreement (Sigilon Therapeutics, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in the business of investing(together with their affiliates) are professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each such Investor (each, a “Fund Investor”) shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Fund Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Fund Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Klaviyo, Inc.), Investors’ Rights Agreement (Klaviyo, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investingtogether with their affiliates are professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor the Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor the Investors in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor the Investors to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Flex Pharma, Inc.), Investors’ Rights Agreement (Flex Pharma, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investingNEA and New Leaf (together with their respective affiliates) are a professional investment funds, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor NEA and New Leaf shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor NEA or New Leaf in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor NEA and New Leaf to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Registration Rights Agreement (Addex Therapeutics Ltd.), Registration Rights Agreement (Addex Therapeutics Ltd.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Major Investor (together with their respective affiliates) is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s 's business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each such Major Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Major Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Major Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s 's confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors' Rights Agreement (Cerecor Inc.), Investors' Rights Agreement (Cerecor Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Major Investor (together with its Affiliates) is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each Major Investor (and its Affiliates) shall not be liable to the Company for any claim arising out of, or based upon, (ia) the investment by such Major Investor (or its Affiliates) in any entity competitive with the Company, or (iib) actions taken by any partner, officer officer, employee or other representative of such Major Investor (or its Affiliates) to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (xi) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (yii) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company...

Appears in 2 contracts

Samples: Investor Rights Agreement (Nurix Therapeutics, Inc.), Investor Rights Agreement (Nurix Therapeutics, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in the business of investing(each, together with such Investor’s affiliates, a “VC Investor”) are professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no VC Investor shall be liable to the Company for any claim arising out of, or based upon, (ia) the investment by such VC Investor in any entity competitive with the Company, or (iib) actions taken by any partner, officer or other representative of such VC Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, however that the foregoing shall not relieve (x) such VC Investor or any of the Investors party from liability associated with the unauthorized disclosure willful misuse of the Company’s confidential information obtained pursuant to this AgreementSection 3.3, or (yii) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investor Rights Agreement (Udemy, Inc.), Investor Rights Agreement (Udemy, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors (together with its Affiliates) is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no such Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor or its Affiliates in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor or its Affiliates to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this AgreementAgreement or otherwise, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Celsius Holdings, Inc.), Investors' Rights Agreement (Celsius Holdings, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Delos Investments 1 (together with its affiliates) (“Delos”) is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor Delos shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Delos in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor Delos to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement, Investors’ Rights Agreement (Syndax Pharmaceuticals Inc)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in (including, without limitation, GIC) are professional investment funds (the business of investing“Funds”), and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor the Funds shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Funds in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor Funds to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors such Funds from liability associated with (1) the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (2) bad faith or willful misconduct on the part of the Funds or (y) any director or officer of the Company appointed by such Funds from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Amplitude, Inc.), Investors’ Rights Agreement (Amplitude, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in the business of investingare professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no any such Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor in any entity competitive with the Company, Company or (ii) actions taken by any partner, officer or other representative of such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors such Investor from liability associated with (A) the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, Confidential Information or (yB) any director bad faith or officer willful misconduct on the part of the Company from any liability associated with his or her fiduciary duties to the Companysuch Investor.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Spero Therapeutics, Inc.), Investors’ Rights Agreement (Spero Therapeutics, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investing(each, together with its Affiliates) are professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no an Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by any such Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement, Investors’ Rights Agreement (Apellis Pharmaceuticals, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors (together with its Affiliates) is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each Investor (and its Affiliates) shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor (or its Affiliates) in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Investor (or its Affiliates) to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Elevation Oncology, Inc.), Investors’ Rights Agreement (Elevation Oncology, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the certain Investors is engaged in the business of investingare professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each such Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by either such Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Prometheus Biosciences, Inc.), Investors’ Rights Agreement (Prometheus Biosciences, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors InterWest and LAV is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor each of InterWest and LAV shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor InterWest or LAV, respectively, in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor InterWest or LAV, respectively, to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Avedro Inc)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investing(together with their Affiliates) are professional investment organizations, and as such invests in numerous portfolio companiesreview the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor the Investors and their Affiliates shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such an Investor (or its Affiliates) in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Investor the Investors (or their Affiliates) to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Turnstone Biologics Corp.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in Investors, including NEA, for the business avoidance of investingdoubt, are professional investment funds, and as such invests invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor any such Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this AgreementAgreement or otherwise, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Dynamics Special Purpose Corp.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Fund is engaged in the business of investinga professional investment fund and, and as such such, invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted)business. The Company hereby agrees that, to the extent permitted under applicable law, no Investor Fund shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Fund in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor any Fund to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this AgreementAgreement or any other agreement with the Company, or (y) any director or officer of the Company from any liability associated with his such director’s or her officer’s fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Urgent.ly Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investing, certain Holders and as such invests their respective Affiliates invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor each such Holder and its respective Affiliates shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by each such Investor Holder or its respective Affiliates in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of each such Investor Holder or its respective Affiliates to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Zymeworks Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Specified Investors is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor each of the Specified Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Specified Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Specified Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Sensei Biotherapeutics, Inc.)

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Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Barer & Son Capital, LLC (together with its affiliates) is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor none of the Barer Group Investors shall be liable to the Company for any claim arising out of, or based upon, (i) the investment by such any Barer Group Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such any Barer Group Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (NexImmune, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Investment Fund is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor Investment Fund nor any Affiliates of any Investment Fund shall be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Investment Fund or any Affiliate of such Investment Fund in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, or other representative of such Investor Investment Fund or Affiliate of such Investment Fund to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors Investment Fund from liability associated with the unauthorized use or disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Zentalis Pharmaceuticals, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each certain of the Investors is engaged in the business of investingInvestors, including RA Capital, AI Day1 LLC, Viking, Franklin Strategic Series – Franklin Biotechnology Discovery Fund, Boxer Capital, LLC, and MVA Investors, LLC and their Affiliates, and representatives are professional investment organizations, and as such invests in numerous portfolio companiesreview the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no such Investor (or their Affiliates) shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor Investors (or their Affiliates) in any entity competitive with the Company, or (ii) actions taken by any partner, officer manager, officer, employee or other representative of such Investor (or their Affiliates) to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director manager or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Day One Biopharmaceuticals Holding Co LLC)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors (together with its Affiliates) is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no an Investor (and its Affiliates) shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor (or its Affiliates) in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Investor (or its Affiliates) to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Decibel Therapeutics, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investingand their affiliates are professional investment organizations, and as such invests in numerous portfolio companiesreview the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor the Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor the Investors in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such an Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Pandion Therapeutics Holdco LLC)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors [***] (together with its Affiliates, “[***]”) is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor [***] shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor [***] in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor [***] to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (iBio, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Fund Investor is engaged in the business of investinga professional investment fund, and as such invests in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each Fund Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Fund Investor in any entity competitive with the Company, or the evaluation of a potential investment in any such entity, or (ii) actions taken by any partner, officer or other representative of such Fund Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, provided that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Aura Biosciences, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors 22NW, LP (together with its Affiliates, “22NW”) is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor 22NW shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such Investor 22NW in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Investor 22NW to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Anebulo Pharmaceuticals, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors is engaged in the business of investing, Capstar (together with its affiliates) and as such invests Leyou Technologies (together with its affiliates) invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor each of Capstar and Leyou Technologies shall not be liable to the Company for any claim arising out of, or based upon, , (i) the investment by such Investor Capstar or Leyou Technologies, respectively, in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of such Investor Capstar or Leyou Technologies to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors' Rights Agreement

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the certain Investors is engaged in the business of investingare professional investment organizations (each, a “Fund Investor”), and as such invests in numerous portfolio companiesreview the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor such Fund Investors shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such any Fund Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such a Fund Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Annexon, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors Major Investor is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no each Major Investor shall not be liable to the Company for any claim arising out of, or based upon, (i) the investment by such a Major Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer officer, employee or other representative of such Major Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Icosavax, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that Celgene and each of the Investors Investor that is engaged in the business of investing, and as such invests a venture capital fund or other investment fund (together with its Affiliates) invest in numerous portfolio companies, some of which may be deemed competitive with the Company’s business (as currently conducted or as currently propose proposed to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor none of Celgene or such Investors shall be liable to the Company for any claim arising out of, or based upon, (i) the investment by Celgene or such Investor in any entity competitive with the Company, or (ii) actions taken by any partner, officer or other representative of Celgene or such Investor to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (x) any of the Investors from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (y) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.confidential

Appears in 1 contract

Samples: Investors’ Rights Agreement (Vividion Therapeutics, Inc.)

Right to Conduct Activities. The Company hereby agrees and acknowledges that each of the Investors CapitalG is engaged in the business of investinga professional investment organization, and as such invests in numerous portfolio companiesreviews the business plans and related proprietary information of many enterprises, some of which may be deemed competitive compete directly or indirectly with the Company’s business (as currently conducted or as currently propose to be conducted). The Company hereby agrees that, to the extent permitted under applicable law, no Investor CapitalG and its Affiliates shall not be liable to the Company for any claim arising out of, or based upon, (ia) the investment by such Investor CapitalG in any entity competitive with the Company, or (iib) actions taken by any partner, officer officer, employee or other representative of such Investor CapitalG to assist any such competitive company, whether or not such action was taken as a member of the board of directors of such competitive company or otherwise, and whether or not such action has a detrimental effect on the Company; provided, however, that the foregoing shall not relieve (xi) any of the Investors CapitalG from liability associated with the unauthorized disclosure of the Company’s confidential information obtained pursuant to this Agreement, or (yii) any director or officer of the Company from any liability associated with his or her fiduciary duties to the Company.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Duolingo, Inc.)

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