Common use of Seniority of Retraction Clause in Contracts

Seniority of Retraction. The Corporation shall not, without the express written consent from holders of a majority of the Class 4 Preference Shares, retract any Class 3 Preference Shares.

Appears in 2 contracts

Samples: Subscription Agreement (Neulion, Inc.), Neulion (Neulion, Inc.)

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Seniority of Retraction. The Corporation shall not, without the express written consent from holders of a majority of the Class 4 Preference Shares, retract redeem any Class 3 Preference Shares.

Appears in 2 contracts

Samples: Subscription Agreement (Neulion, Inc.), Neulion (Neulion, Inc.)

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