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 Lender pursuant to the terms hereof to the extent necessary to give Lender a security interest after such issuance in at least the same percentage of such issuer’s outstanding securities as Lender had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or

Appears in 2 contracts

Samples: Pledge and Security Agreement (Armada Oil, Inc.), Pledge and Security Agreement (Mesa Energy Holdings, Inc.)

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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 Lender Company pursuant to the terms hereof to the extent necessary to give Lender Company a security interest after such issuance in at least the same percentage of such issuer’s 's outstanding securities as Lender Company had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or

Appears in 1 contract

Samples: 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 Lender Secured Party pursuant to the terms hereof to the extent necessary to give Lender Secured Party a security interest after such issuance in at least the same percentage of such issuer’s 's outstanding securities as Lender 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: Credit Agreement (Data Return Corp)

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 Lender Secured Party pursuant to the terms hereof to the extent necessary to give Lender Secured Party a security interest after such issuance in at least the same percentage of such issuer’s 's outstanding securities as Lender Secured Parry had before such issuance) or any options, warrants or other rights to purchase any such capital stock; or.

Appears in 1 contract

Samples: Note Purchase Agreement (Obsidian Enterprises Inc)

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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, issuance additional securities are pledged and delivered to Lender Secured Party pursuant to the terms hereof to the extent necessary to give Lender Secured Party a security interest after such issuance in at least the same percentage of such issuer’s 's outstanding securities as Lender 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: Pledge Agreement (Arabian American Development Co)

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 Lender Secured Parties pursuant to the terms hereof to the extent necessary to give Lender Secured Parties a security interest after such issuance in at least the same percentage of such issuer’s 's outstanding securities as Lender Secured Parties 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 (Aviation Group Inc)

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