Common use of Voting or Dividend Rights Clause in Contracts

Voting or Dividend Rights. Except as provided in this Agreement, prior to the exercise of the Warrants: (a) a Holder will not be entitled to any of the rights of a holder of Common Stock with respect to the Warrant Shares, including, without limitation, the right to vote at or to receive any notice of any meetings of stockholders; (b) the consent of any Holder will not be required with respect to any action or proceeding of the Company; (c) no Holder, by reason of the ownership or possession of a Warrant or the Warrant Certificate representing the same, will have any right to receive any stock dividends of the Company prior to, or for which the relevant record date preceded, the date of the exercise of such Warrant; and (d) no Holder will have any right not expressly conferred by this Agreement or the Warrant Certificate held by such Holder.

Appears in 5 contracts

Samples: Note Purchase Agreement (Seven Seas Petroleum Inc), Master Warrant Agreement (Seven Seas Petroleum Inc), Master Warrant Agreement (Seven Seas Petroleum Inc)

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