A financing term that penalizes investors who <em>don't participate</em> pro rata in a new round, typically by converting their preferred into common.
A minority protection letting smaller holders <em>join a sale</em> a majority shareholder has negotiated, selling on the same terms rather than being left behind.
A clause guaranteeing one party terms <em>no worse</em> than any other counterparty gets — if someone later negotiates a better deal, the MFN holder gets it too.
An investor's contractual right to receive the company's <em>financials and key data</em> on a set schedule — and often to inspect its books and records.
The ceiling on how much a seller can be required to pay a buyer for breaches of the deal's representations — the maximum dollar exposure after close.
Holding enough seats to command a majority of board votes — the power to <em>decide</em> the matters that the board, not shareholders, controls.