Common use of Dilution of Ownership Clause in Contracts

Dilution of Ownership. As to any Pledged Equity Interests, unless otherwise permitted by the Credit Agreement, no Grantor will consent to or approve of the issuance of (a) any additional shares of any class of Equity Interests of such issuer (unless immediately upon issuance additional Equity Interests are pledged and delivered to the Administrative Agent 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 or other equity interest as Secured Party had before such issuance), (b) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interests, or (c) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests in Borrower.

Dilution of Ownership. As to any Pledged Equity Interestssecurities or other equity interests pledged as Collateral, unless otherwise permitted by the Credit Agreement, no Grantor Debtor will not consent to or approve of the issuance of (ai) any additional shares of any class of Equity Interests securities or other equity interests of such issuer (unless immediately upon issuance additional Equity Interests securities or other equity interests are pledged and delivered to the Administrative Agent 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 or other equity interest interests as Secured Party had before such issuance), (bii) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interests, or (ciii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests in Borrower.

Dilution of Ownership. As to any Pledged Equity Interests, unless otherwise permitted by the Credit Agreement, no the Grantor will not consent to or approve of the issuance of (a) any additional shares of any class of Equity Interests of such issuer (unless immediately upon issuance additional Equity Interests are pledged and delivered to the Administrative Agent 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 or other equity interest as Secured Party had before such issuance), (b) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interests, or (c) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests in Borrower.

Dilution of Ownership. As to any Pledged securities or other Equity InterestsInterests pledged as Collateral (other than securities of a class which are publicly traded), unless otherwise permitted by the Credit Agreement, no Grantor will not consent to or approve of the issuance of (ai) any additional shares of any class of securities or other Equity Interests of such issuer (unless immediately upon issuance additional securities or other Equity Interests are pledged and delivered to the Administrative Agent 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 or other equity interest Equity Interests as Secured Party had before such issuance), (bii) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interestsEquity Interests, or (ciii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests in BorrowerInterests.

Dilution of Ownership. As to any Pledged Equity InterestsInterests pledged as Collateral (other than Equity Interests of a class which are publicly traded), unless otherwise permitted by the Credit AgreementPledgor will not consent to, no Grantor will consent to or approve of or allow the issuance of (ai) any additional shares or membership interests of any class of Equity Interests of such issuer (unless immediately upon issuance additional Equity Interests are pledged and delivered to the Administrative Agent 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 or other equity interest Equity Interests as Secured Party had before such issuance), (bii) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interestsEquity Interests, or (ciii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests in BorrowerInterests.

Dilution of Ownership. As to any Pledged Equity Interests, unless otherwise permitted by the Credit Agreement, no Grantor will consent to or approve of the issuance of (a) any additional shares of any class of Equity Interests of such issuer (unless immediately upon issuance additional Equity Interests are pledged and delivered to the Administrative Agent 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 or other equity interest as Secured Party had before such issuance), (b) any instrument convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such securities or other equity interests, or (c) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities or other equity interests. The foregoing shall not apply to any Equity Interests equity interests in Borrower.