Common use of Vote to Change the Terms of or Issue Preferred Stock Clause in Contracts

Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than 51% of the then outstanding shares of Series C Preferred Stock, shall be required (a) for any change to this Certificate of Designation or the Certificate of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase Agreements.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Home Solutions of America Inc), Preferred Stock Purchase Agreement (Home Solutions of America Inc)

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Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than 5175% of the then outstanding shares of Series C CC Preferred Stock, shall be required (a) for any change to this Certificate of Designation or the Certificate Company’s Articles of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C CC Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsSeries CC Preferred Stock.

Appears in 1 contract

Samples: Securities Issuance and Exchange Agreement (Pressure Biosciences Inc)

Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than 51% of the majority Holders (in addition to any other corporate approvals then outstanding shares of Series C Preferred Stockrequired to effect such action), shall be required (a) for any change to this Certificate of Designation or the Certificate Company's Articles of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C A Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsStock.

Appears in 1 contract

Samples: Certificate of Designation (Drone Guarder, Inc.)

Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose purpose, or the written consent without a meeting, of the holders of not less than 51% sixty-seven percent (67%) of the then outstanding shares of Series C A Preferred Stock, shall be required (a) for any change to this Certificate of Designation or the Company's Certificate of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C A Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsStock.

Appears in 1 contract

Samples: Common Stock Exchange Agreement (VistaGen Therapeutics, Inc.)

Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than 5175% of the then outstanding shares of Series C Preferred Stock, shall be required (a) for any change to this Certificate of Designation or the Certificate of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsAgreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Home Solutions of America Inc)

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Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose purpose, or the written consent without a meeting, of the holders of not less than 51% two­thirds (2/3rds) of the then outstanding shares of Series C Preferred StockA-1 Preferred, shall be required (a) for any change to this Certificate of Designation Designations or the Company's Certificate of Incorporation which would amend, alter, change or repeal repeal, or otherwise adversely affect, any of the powers, designations, preferences and rights of the Series C Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsA-1 Preferred.

Appears in 1 contract

Samples: Exchange Agreement (Imageware Systems Inc)

Vote to Change the Terms of or Issue Preferred Stock. The affirmative vote at a meeting duly called for such purpose or the written consent without a meeting, of the holders of not less than 51% of the Majority Holders (in addition to any other corporate approvals then outstanding shares of Series C Preferred Stockrequired to effect such action), shall be required (a) for any change to this Certificate of Designation or the Certificate Company's Articles of Incorporation which would amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series C M Preferred Stock or (b) for the issuance of shares of any series of preferred stock other than pursuant to the Purchase AgreementsStock.

Appears in 1 contract

Samples: Share Exchange Agreement (China Wood, Inc.)

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