Common use of Preferred Terms Clause in Contracts

Preferred Terms. Adversely alter, modify or change the terms, rights, preferences or privileges of the shares of the Series E Preferred (other than an Excluded Action), or increase the number of Series E Preferred authorized or amend, alter or repeal any provision of this Certificate of Incorporation or any provision of the Bylaws of the Corporation in any manner that would favorably affect the rights, powers, preferences or privileges of, or restrictions, qualifications or limitations on, any other series of Preferred without similarly favorably affecting the rights, powers, preferences or privileges of, or restrictions, qualifications or limitations on, the Series E Preferred; or

Appears in 1 contract

Sources: Merger Agreement (AvidXchange Holdings, Inc.)

Preferred Terms. Adversely alter, modify or change the terms, rights, preferences or privileges of the shares of the Series E F Preferred (other than an Excluded Action), or increase the number of Series E F Preferred authorized authorized, or amend, alter or repeal any provision of this Certificate of Incorporation or any provision of the Bylaws of the Corporation in any manner that would favorably affect the rights, powers, preferences or privileges of, or restrictions, qualifications or limitations on, any other series of Preferred without similarly favorably affecting the rights, powers, preferences or privileges of, or restrictions, qualifications or limitations on, the Series E F Preferred; or

Appears in 1 contract

Sources: Merger Agreement (AvidXchange Holdings, Inc.)