Common use of No amendment to Articles Clause in Contracts

No amendment to Articles. 3.27.1. Prior to the closing of a Business Combination, the Company covenants and agrees it will not seek to amend or modify its articles of incorporation without the prior approval of its Board of Directors and the affirmative vote of at least a majority of the voting power of the shares of Common Stock. 3.27.2. The Company acknowledges that the purchasers of the Firm Units and Option Units in this Offering shall be deemed to be third party beneficiaries of this Section 3.27. 3.27.3. The Representative and the Company specifically agree that this Section 3.27 shall not be modified or amended in any way without the approval of at least a majority of the voting power of the Common Stock.

Appears in 2 contracts

Sources: Underwriting Agreement (Proficient Alpha Acquisition Corp), Underwriting Agreement (Proficient Alpha Acquisition Corp)