No Equity Clause Samples

The "No Equity" clause establishes that the parties to the agreement do not receive or retain any ownership interest, shares, or equity in the other party’s business as a result of the contract. In practice, this means that any compensation, consideration, or benefits provided under the agreement are strictly limited to those expressly stated, such as fees or payments, and do not include any form of stock, options, or profit-sharing rights. This clause is essential for clarifying the nature of the relationship and preventing misunderstandings or disputes regarding ownership or future claims to equity, thereby ensuring that all parties are clear about their rights and obligations.
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No Equity. The Purchased Assets do not include any equity interests of any Seller, their respective Affiliates or any other Person.
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No Equity. Anything herein or elsewhere to the contrary notwithstanding, in no event shall Employee have any equity or equity interest of any kind whatsoever in the Company or any affiliate of the Company, and nothing herein is intended to, nor shall it, constitute a grant of equity, or a partnership or joint venture relationship.
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No Equity. Anything herein or elsewhere to the contrary notwithstanding, in no event shall Employee have any equity or equity interest of any kind whatsoever in the Company or any affiliate of the Company, and nothing herein is intended to, nor shall it, constitute a grant of equity, or a partnership or joint venture relationship. Employee shall be entitled, in accordance with the reimbursement policies of Company in effect from time to time, to receive reimbursement from Company for reasonable and customary business expenses incurred by Employee in the performance of his duties hereunder, provided Employee furnishes Company with vouchers, receipts and other details of such expenses in the form required by Company sufficient to substantiate a deduction for such business expenses under all applicable rules and regulations of federal and state taxing authorities.
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No Equity. The arbitration tribunal shall not be authorized to decide ex aequo et ▇▇▇▇ or as amiable compositeur.
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No Equity. Notwithstanding anything contained herein or in any other Transaction Document to the contrary, neither Network Sub nor any JV Company shall issue, and each Party shall take and cause each of their respective Affiliates to take any and all actions reasonably necessary to prevent the issuance of, any Equity Interests of Network Sub or the JV Companies to any Person who has received compensation from any Party as consideration for assisting, advising and/or consulting with such Party in connection with the consummation of the Contemplated Transactions.
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No Equity. No document relating to the Loan provides for any contingent or additional interest in the form of participation in the cash flow of the Property or a sharing in the appreciation of the value of the Property. The indebtedness evidenced by the Loan Documents is not convertible to an ownership interest in the Property or the Borrower and Seller has not financed nor does it own directly or indirectly, any equity of any form in the Property or the Borrower.
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Related to No Equity

  • No Equity Awards Except for grants pursuant to equity incentive plans disclosed in the Registration Statement and the Prospectus, the Company has not granted to any person or entity, a compensatory stock option or other compensatory equity-based award to purchase or receive common stock of the Company or OP Units of the Operating Partnership pursuant to an equity-based compensation plan or otherwise.

  • No Export Neither party shall export, directly or indirectly, any technical data acquired from the other pursuant to this Agreement or any product utilizing any such data to any country for which the U.S. Government or any agency thereof at the time of export requires an export license or other governmental approval without first obtaining such license or approval.

  • Subsidiaries; Capitalization (a) The Company does not own or control, directly or indirectly, any interest in any corporation, partnership, limited liability company, association or other business entity, other than the Subsidiaries of the Company set forth on Section 3.2(a) of the Company Disclosure Schedules. Each of the Company’s Subsidiaries has been duly organized and is validly existing and in good standing under the Laws of its jurisdiction of incorporation and has requisite corporate or other entity power and authority to own and operate its properties and assets, to carry own its business as presently conducted and contemplated to be conducted. Each of the Company’s Subsidiaries is presently qualified to do business as a foreign corporation or other entity in each jurisdiction in which it is required to be so qualified and is in good standing in each such jurisdiction (except where the failure to be so qualified or in good standing has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect). All shares or other equity securities of the Company’s Subsidiaries that are issued and outstanding have been duly authorized and validly issued in compliance with applicable Laws, are fully paid and nonassessable, and have not been issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or other similar right. (b) The capitalization of the Company (both as of the date of this Agreement, and the capitalization of the Company as will exist following the completion of the Restructuring) is set forth on Section 3.2(b) of the Company Disclosure Schedules. Other than such Company Shares set forth on set forth on Section 3.2(b) of the Company Disclosure Schedules, the Company is not authorized to issue any other class or series of Company Shares. (c) All Company Shares that are issued and outstanding (or that will be issued and outstanding following the completion of the Restructuring) have been (or will be) duly authorized and validly issued in compliance with applicable Laws, are (or will be) fully paid and nonassessable, and have not (or will not have) been issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or other similar right. The Company Shares have the rights, preferences, privileges and restrictions set forth in the Company Governing Documents. (d) There are no authorized or outstanding options, restricted stock, warrants or other equity appreciation, phantom equity, profit participation or similar rights for the purchase or acquisition from the Company of any Company Shares. Except as set forth on Section 3.2(d) of the Company Disclosure Schedules, and the Company Governing Documents, the Company is not a party to or subject to any agreement or understanding and there is no agreement or understanding between any Persons that affects or relates to the voting or giving of written consents with respect to any security or by a director of the Company. To the Company’s knowledge, no officer or director has made any representations or promises regarding equity incentives to any officer, employee, director or consultant of the Company that is not reflected in the issued and outstanding share and option numbers contained in this Section 3.2. (e) The only Company Shares that will be issued and outstanding immediately after the Closing will be such share(s) owned by PubCo following the consummation of the Initial Merger.

  • Disclosure Rights Except as required by applicable law, the Company (or any of its affiliates) shall not have any duty or obligation to disclose affirmatively to a record or beneficial holder of Common Stock, RSUs or Vested Shares, and such holder shall have no right to be advised of, any material information regarding the Company at any time prior to, upon or in connection with receipt of the Shares.

  • No Acquisitions The Company shall not, nor shall it permit any of its Subsidiaries to, (i) acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial equity interest in or a substantial portion of the assets of, or by any other manner, any business or any corporation, limited liability company, partnership, association or other business organization or division thereof or (ii) other than in the ordinary course of business, otherwise acquire or agree to acquire any assets which, in the case of this clause (ii), are material, individually or in the aggregate, to the Company.