No Conversions Sample Clauses

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.
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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.
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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.
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No Conversions. Provided Borrower delivers the Settlement Payments to Lender in accordance with the terms hereof, from the date hereof 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 Notes. 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 Notes in accordance with their terms. Nothing herein shall be deemed to alter, amend or modify the Notes except as expressly provided for herein.
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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.
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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.
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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.
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Related to No Conversions

  • Mechanics of Conversion (1) Before any holder of Preferred Shares shall be entitled to convert the same into Ordinary Shares such holder shall surrender the certificate or certificates therefor at the Office and shall give written notice to the Company of the election to convert the same (or any part thereof) and shall state therein the name or names of any nominee for such holder in which the certificate or certificates for shares of Ordinary Shares are to be issued. The Company shall, as soon as practicable thereafter unless such notice states that conversion is to be effective on any later date or when any conditions specified in the notice have been fulfilled in which case conversion shall take effect on such other date or when such conditions have been fulfilled, issue and deliver at such office to such holder of Preferred Shares, or subject to the transfer restrictions contained in these Articles to the nominee or nominees of such holder, a certificate or certificates for the number of shares of Ordinary Shares to which such holder shall be entitled as aforesaid. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the shares of Preferred Shares to be converted, or on any later date or when any conditions specified in the notice have been fulfilled and the person or persons entitled to receive the Ordinary Shares issuable upon such conversion shall be treated for all purposes as the record holder or holders of such Ordinary Shares as of such date. If the conversion is in connection with a QIPO, the conversion may, at the option of any holder tendering Preferred Shares for conversion, be conditioned upon the closing with the underwriter of the sale of securities pursuant to such offering, in which event the person(s) entitled to receive the Ordinary Shares issuable upon such conversion of the Preferred Shares shall not be deemed to have converted such Preferred Shares until immediately prior to the closing of such sale of securities. In the event that the certificate(s) representing the Preferred Shares to be converted as aforesaid are not delivered to the Company, then the Company shall not be obligated to issue any certificate(s) representing the Ordinary Shares issued upon such conversion, unless the holder of such Preferred Shares notifies the Company in writing that such certificate(s) have been lost, stolen or destroyed and executes an agreement satisfactory to the Company to indemnify the Company from any loss incurred by it in connection with such certificates.

  • Casual Conversion (a) A casual employee who has been rostered on a regular and systematic basis over a period of 26 weeks has the right to request conversion to permanent employment:

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