Common use of Dilution of Ownership Clause in Contracts

Dilution of Ownership. As to any securities pledged as Collateral, Debtor will not consent to or approve of the issuance of (i) any additional interests or shares of any class of securities of such issuer, (ii) 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 (iii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities.

Appears in 2 contracts

Samples: Contribution Agreement (Prime Medical Services Inc /Tx/), Assignment and Security Agreement (Prime Medical Services Inc /Tx/)

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Dilution of Ownership. As to any securities pledged as Collateral, Debtor will not consent to or approve of the issuance of (i) any additional interests or shares of any class of securities of such issuerissuer (unless immediately upon issuance all such additional securities are pledged and delivered to Secured Party pursuant to the terms hereof), (ii) 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 (iii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities.holder

Appears in 1 contract

Samples: Assignment and Security Agreement (Exsorbet Industries Inc)

Dilution of Ownership. As to any securities pledged as Collateral, Debtor will not consent to or approve of the issuance of (i) any additional interests or shares of any class of securities of such issuer, (ii) 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 (iii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities.

Appears in 1 contract

Samples: Assignment and Security Agreement (American Physicians Service Group Inc)

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Dilution of Ownership. As to any securities pledged as Collateral, Debtor will not consent to or approve of of, and will prohibit, the issuance of (i) any additional interests or shares of any class of securities of such issuer, (ii) 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 (iii) any warrants, options, contracts or other commitments entitling any third party to purchase or otherwise acquire any such securities.

Appears in 1 contract

Samples: Assignment and Security Agreement (American Physicians Service Group Inc)

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