No Conversions Sample Clauses
The "No Conversions" clause prohibits the conversion of one type of security or instrument into another, such as preventing preferred shares from being converted into common shares. In practice, this means that holders of the specified securities cannot exchange or convert their holdings for a different class or type, regardless of circumstances that might otherwise allow for such a change. This clause is primarily used to maintain the existing capital structure and prevent dilution or changes in control that could result from conversions.
No Conversions. The Guarantors and the Seller agree not to convert any shares of Company Class A Common Stock, which are subject to this Agreement, into shares of Company Class B Common Stock.
No Conversions. The Partnership and each Transferor agree not to convert any shares of Company Class A Common Stock into shares of Company Class B Common Stock.
No Conversions. Provided the Company delivers the Settlement Payment to the Holder in accordance with the terms hereof, from the date hereof until the date on which the Settlement Payment has been paid in full, the Holder agrees that it will not convert all or any portion of the Note. Notwithstanding the foregoing, if the Company fails to make the Settlement Payment as and when required pursuant to Section 1 above, the Holder shall thereafter be free to convert the Note in accordance with its terms. Nothing herein shall be deemed to alter, amend or modify the Note except as expressly provided for herein.
No Conversions. Provided Borrower delivers the Settlement Payments to Lender in accordance with the terms hereof, from the date Lender receives the Lien Release Payment until the date on which all Settlement Payments have been paid in full, Lender agrees that it will not convert all or any portion of the Tonaquint Note. Notwithstanding the foregoing, if Borrower fails to make any Settlement Payment as and when required pursuant to Section 3 above, Lender shall thereafter be free to convert the Tonaquint Note in accordance with its terms. Nothing herein shall be deemed to alter, amend or modify the Notes except as expressly provided for herein.
No Conversions. So long as Acquirer pays each of the amounts described in clauses (i) and (ii) of the definition of Transfer Events, Sole Owner shall refrain from exercising his rights to convert any of his Series S Convertible Stock of Acquirer, which rights are set forth in the Series S CoD.
b. Section 8.6 of the Merger Agreement is hereby amended to insert immediately after the phrase “including the Company Disclosure Letter,” the phrase “and the Agreement and Amendment to Merger Agreement among the parties dated of January [●], 2024”.
c. Exhibit A to the Merger Agreement is hereby amended to add the following definition in its appropriate alphabetical order:
No Conversions. The Series C Stock shall not be convertible into shares of Common Stock or into any other class or series of stock of the Corporation.
No Conversions. The Series 9 Stock shall not be convertible into shares of Common Stock or into any other class or series of stock of the Corporation.