Subsequent Rights Clause Samples
The "Subsequent Rights" clause defines how rights or interests that arise after the execution of an agreement are to be handled between the parties. Typically, this clause clarifies whether any new rights, improvements, or intellectual property developed following the initial agreement are automatically included under the agreement's terms or remain with the party that creates them. For example, if one party invents a new technology after signing a licensing agreement, the clause will specify if the licensee gains access to this new technology. The core function of this clause is to prevent disputes over ownership or usage of future developments, ensuring both parties understand their entitlements to subsequent rights.
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Subsequent Rights. If, after the date of this Agreement, the Company shall grant registration rights to a third party different from the rights set forth in this Section 3, the following shall apply on each such occasion until the right set forth in this Section 3.18 is exercised:
(I) The Company shall first deliver to each of Hyline, Abbo▇▇, ▇▇d Dainippon a written notice (the "Notice") setting forth the material terms of such subsequent registration rights (the "SUBSEQUENT RIGHTS").
(II) For a period of thirty (30) days after the receipt of the Notice (the "NOTICE PERIOD"), Hyline, Abbo▇▇ ▇▇▇ Dainippon shall each have the right, but not the obligation, to surrender its registration rights under this Section 3 and agree to accept and be bound by the terms of the Subsequent Rights (the "EXCHANGE RIGHT"). If Hyline, Abbo▇▇ ▇▇▇/or Dainippon chooses to so exercise the Exchange Right, it shall deliver a written notice of such intent to the Company and enter into an agreement with the Company pursuant to which it will surrender its registration rights under this Section 3 and the Company will grant to Hyline, Abbo▇▇ ▇▇▇/or Dainippon, as appropriate. the Subsequent Rights.
(III) To the extent that Hyline, Abbo▇▇, ▇▇ Dainippon declines to exercise the Exchange Right within the Notice Period, it shall retain its registration rights and the Exchange Right under this Section 3 with respect to future Subsequent Rights, if any, and shall not be entitled to, nor bound by, the Subsequent Rights so declined.
Subsequent Rights. After the closing of the issuance of the Series A Preferred Shares, Series B Preferred Shares, Series B-1 Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series D-1 Preferred Shares, the Company shall not grant to any future investor(s) any rights, preferences or privileges that may be more favorable than the ones granted to the Series A Investors, the Series B Investors, the Series B-1 Investors, the Series C Investors, the Series D Investors and the Series D-1 Investor hereunder, unless otherwise approved in writing by the Series A Investors, the Series B Investors, the Series B-1 Investors, the Series C Investors, the Series D Investors and the Series D-1 Investor, provided, however, the ESOP plan or other incentive plan as approved by the Board of Directors (including the affirmative vote of each of the Series A Director, the Series B Director and the Series C Director) shall not be subject to the restrictions under this Section 9.6.
Subsequent Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of the Investors, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder to include such securities in any registration in which Registrable Securities of an Investor have been included pursuant to this Agreement, unless such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the amount of the Registrable Securities of the holders that are included.
Subsequent Rights. From and after the Closing Date, the Company shall grant the holders of Preferred Stock any registration rights, rights of first refusal and co-sale, information, inspection, management rights, or any other similar rights granted to subsequent purchasers of the Company's equity securities that are, in the good faith judgement of the Company's Board of Directors, superior to the rights granted to Preferred Stockholders hereunder.
Subsequent Rights. The Company shall grant the Major Investors any rights of first offer or registration rights granted to subsequent purchasers of the Company’s equity securities to the extent that such subsequent rights are superior, in the good faith judgment of the Board, including at least one of the Preferred Directors, to such rights granted to the Major Investors under this Agreement.
Subsequent Rights. If the Company should issue New Securities whose right ----------------- of first offer or registration rights are superior, in the good faith judgment of the Company's Board of Directors, to those granted pursuant this Agreement, such right of first offer and registration rights will be granted to the Investors hereunder.
Subsequent Rights. The Company shall grant to each Purchaser any rights, including without limitation, the registration rights and the right of first refusal, which are granted to any subsequent purchasers of the Company’s equity securities to the extent that such subsequent rights are superior, in good faith judgment of the Company’s Board, to those granted to the Purchasers in the Transaction Agreements.