Common use of Limitation on Suits by Holders Clause in Contracts

Limitation on Suits by Holders. Except for the rights of the Rights Agent set forth herein, the Acting Holders will have the sole right, on behalf of all Holders, by virtue of or under any provision of this Agreement, to institute any action or proceeding with respect to this Agreement, and no individual Holder or other group of Holders will be entitled to exercise such rights.

Appears in 3 contracts

Sources: Contingent Value Rights Agreement (Ani Pharmaceuticals Inc), Merger Agreement (Alimera Sciences Inc), Merger Agreement (Ani Pharmaceuticals Inc)