Common use of Dilution of Ownership Clause in Contracts

Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or

Appears in 7 contracts

Samples: Securities Purchase Agreement (Eventures Group Inc), Loan Agreement (Citizens Inc), Advancing Term Credit Agreement (San Juan Partners LLC)

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Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's ’s outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or;

Appears in 4 contracts

Samples: Pledge and Security Agreement (Rush William M Rusty), Pledge and Security Agreement, Pledge and Security Agreement (CBTX, Inc.)

Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Gainsco Inc), Pledge Agreement (Seair Group Inc), Stock Purchase Agreement (Gainsco Inc)

Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or;

Appears in 3 contracts

Samples: Pledge and Security Agreement (Stellar Bancorp, Inc.), Pledge and Security Agreement (CBTX, Inc.), Pledge and Security Agreement (CBTX, Inc.)

Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party Pledgee pursuant to the terms hereof to the extent necessary to give Secured Party Pledgee a security interest after such issuance in at least the same percentage of such issuer's outstanding securities as Secured Party Pledgee had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or

Appears in 1 contract

Samples: Pledge Agreement (Canmax Inc /Wy/)

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Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or

Appears in 1 contract

Samples: Security Agreement (Citizens Inc)

Dilution of Ownership. The issuer of any securities (other than securities of a class which are publicly traded) constituting Collateral hereafter issues any units or shares of any class of capital stock (unless immediately upon issuance, additional securities are pledged and delivered to Secured Party pursuant to the terms hereof to the extent necessary to give Secured Party a security interest after such issuance in at least the same percentage of such issuer's ’s outstanding securities as Secured Party had before such issuance) or any options, warrants or other rights to purchase any such units or capital stock; or;

Appears in 1 contract

Samples: Unit Pledge Agreement (Desert Capital Reit Inc)

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