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.
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.
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.
No Equity. The arbitration tribunal shall not be authorized to decide ex aequo et ▇▇▇▇ or as amiable compositeur.
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.
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.