No Mandatory Conversion Sample Clauses
The No Mandatory Conversion clause prohibits the automatic conversion of one type of security or instrument into another, such as converting preferred shares into common shares, unless certain conditions are met or unless the holder consents. In practice, this means that investors or holders retain control over whether and when their securities are converted, rather than being forced to convert due to a triggering event or at the discretion of the company. This clause primarily serves to protect investors from losing preferred rights or other benefits associated with their current holdings, ensuring they are not compelled into a less favorable position without their agreement.
No Mandatory Conversion. Other than as specifically set forth herein, the Company may not compel the Holder to convert this Debenture.
No Mandatory Conversion. No Loan or any portion thereof shall be subject to any mandatory conversion into Conversion Shares, nor may Borrower cause or otherwise require any such conversion.
No Mandatory Conversion. Prior to the consummation of the sale of the Subject Shares to the Company, the Company shall not elect to cause the Preferred Stock to be converted into Common Stock.
No Mandatory Conversion. Notwithstanding anything to the contrary in the Funding Agreements or in the Convertible Debentures, the Convertible Debentures shall not automatically be converted into shares of the Company's common stock upon the terms and conditions set forth in the Funding Agreements and the Convertible Debentures unless and until, in addition to satisfaction or waiver by the Investors of all otherwise applicable conditions, the Registration Statement covering such shares of common stock shall then be effective.
No Mandatory Conversion. Notwithstanding anything to the contrary in the Funding Agreements or in the Convertible Debentures, the Convertible Debentures shall not automatically be converted into shares of the Company's common stock at the Maturity Date.