Common use of ADDITIONAL UNDERTAKINGS AND COVENANTS Clause in Contracts

ADDITIONAL UNDERTAKINGS AND COVENANTS. So long as any Investor holds Preferred Stock or so long as the Investors own as a class at least twenty percent (20%) of any class of the outstanding Preferred Stock of the Company, and unless holders of two-thirds (2/3) of each class of the Preferred Stock or Registrable Securities (as applicable) otherwise agree in writing, the Investors and the Company hereby covenant and agree with each other as follows:

Appears in 2 contracts

Sources: Investor Rights Agreement (Net2000 Communications Inc), Investor Rights Agreement (Blue Water Strategic Fund I LLC)